* (13)

Calibration Laboratory

To design a standards and calibration

laboratory that would initially provide calibration facilities for the electronics industry

and Government

departments.

A broad outline plan for the provision of a standards and calibration service in the electrical and electronics field has been drawn up. standards and calibration laboratory is expected to be in onoration in 1993.

Ensure promot allocation of

resources.

Commerce

* (14)

Companios Law

revision

(a) o inmlement the

accepted recommen-. dations of the Companies Law Pevision

Committee.

() Disclosure of

shareholdings.

(a) The Companies (amend-

ment) Pill 1990 is

being re-drafted having regard to DEELCO'S comments.

(b) PxC0 gave approval in principle for the Companies Ordirance to he amended to recuire directors, major shareholders (with 10% shareholding or rore) and professional advisers of listed public companies to disclose their holdings of and dealings in shares. Drafting instructions have been issued and a draft hill is being finalise.

(a) o complete, if

possible, the re- vised Pill and to inform ExCo of amendments made t 1080 pill prior to introducing the re vised Pill irto Te

(b) o finalise the dr

hill and to seek PxCo's advice on its introduction into Legcc.

GF 323

CONFIDENTIAL ✯✯

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