CONFIDENTIAL #2
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5. Oil exploration in the South China Sea
6. Consultancy for
electricity utilities
To consider, and take appropriate action on the possible role of Hong Kong as a support base.
To engage the services of consultants, on a task basis, to examine the technical aspects of the performance of the two major power companies.
drafted and found generally acceptable by the oil importers. Discussions are being held by DTIC with oil companies to discuss the implementation of the Code. DTIC is to consider also the operational details of policing the Code.
Two meetings of the Oil Support Advisory Committee were held in July & September respectively. third meeting is scheduled for early November to discuss the Pasco Interim Report.
A
The draft FCai is now being processed by the Finance Branch.
(ii) To monitor the
finalisation of the code of practice by DTIC.
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To consider, and take, appropriate action the recommendations of the Pasco Interim Report.
To submit FCai to t Finance Committee.
Trade and Industry
7. Recommendations of the Advisory Committee on Diversification
To co-ordinate their implementation as accepted by Executive Council.
Co-ordination of the implementation of those recommendations accepted by ExCo, continued. The third round of the 6-monthly progress reports to ExCo have started.
To continue to k.i. implementation of accepted recommenda tions.
CONFIDENTIAL
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