CONFIDENTIAL
機密
011
(9)
nil reserves
To establish strategic reserves of cil products.
(a) On completion of the tanker
storage schema, Ovensbord will remain in existence as a dormant company. The four industry shareholders (rower and mil companies) will transfer their shares to a person holding them in trust for the Colonial Treasurer Incorporated. Thereafter, the Economic Services Branch will handle the day-to-day management of the company.
(b) In line with FxCCLE
decision, the two major power companies are at present maintaining strategic reserves of fuel cil arounting to about 50 days' e།127. The situation will be reviewed by the Preray Folicy Committee in October.
(c) All six oil companies have accepted the voluntary Code of Practice for maintaining a strategic reserve of fuel oil (for use by industries other than the power companies, which keep their own strategic reserves), gas cil and naptha.
Complete the transfer of shares in June.
Monitor the power companies' holdings of fuel oil.
GF 323
CONFIDENTIAL # 3