Industrialists
not happy with Bill
Local industry would mediately lose 13.3 per
ness Latin America, publish- ed from New York. LETE
The letter would be part of a BI Asian
programme
4paralleling similar pro
grammes for global manage- ments operating in and through the United States, Latin America and Europe.
im-
cent
of available man hours if the Employment
(Amendment)
No. 2 Bill were to come into force in April, a spokesman | for the Chinese Manufac- turers' Association said..
This loss
would result
from the four statutory rest days a month provided
the new Bill.
by, 188,2210
Tradition it to'l
While the CMA would not object to the principle of four rest days a month for work- ers, it did appear that the Labour Department was act- ing with haste and overlook- ed both a local tradition as well as the current labour shortage, he added.
The spokesman made the comments as one sector of employers, the cinema own- ers, planned to petition Gov- ernment against the "four rest days" clause in the Bill.
Operators in other trades also felt unhappy about the new legislation.
Workers, on the other hand, thought differently. Trade unionists widely wel- comed the Bill,
Expo honours 'HK artist
A Hongkong artist, Mr Lui Shou-kwan, has been honour- ed by the Japan Expo Asso- ciation with its choice of one of his paintings for display in the Expo Museum of Fine
Arts.
Manager of the Asian pro- gramme would be Mr Alford, who would continue to oper- ate from Japan.
The Asian programme would cover the whole of this continent, plus Australia, and New Zealand,
It would include BI's roundtables at which the organisation gets together top businessmen and government leaders. A Tokyo roundtable had
been:,, scheduled for November.
to s
'STAR' FERRY'S
PROFIT
The Directors of "Star" Ferry Co Ltd announced last week that net profit for the year ended December 31, after providing for Govern- ment royalty and amounted to $1,967,799, com- pared with $1,457,136 in 1968.
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The improved results, said a spokesman, were at- to the increased numbers of passengers car- ried (53.740,203 in 1969 against 51,115,488 in 1968), a continued improvement in the first-class passenger ratio and increased revenue from interest and advertising.
It was proposed to recom- mend at the forthcoming an- nual meeting payment of a final dividend of 50¢, making a total distribution of $1,008,000 for 1969 compared with $864,000 for 1908.,
The meeting will take place on March 31.
new opportunities are each day. The Hong K Trade Development C through its many office offers a service that ca supply you with new bi leads or widen existing Come and see us. ·
In Hong Kong, succes our business.
Learnt
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9
0261
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