VICE-DIRECTOR RANK, PUT A FIGURE OF 30 BILLION HONG KONG DOLLARS ON THE CURRENT RESERVES. THE REQUEST WAS MADE ACCORDING TO THE PAPERS, DURING THE SECOND PHASE OF THE SINO-BRITISH TALKS, CMENTING ON THE REMARKS, A GOVERNMENT SPOKESMAN SAID: AS STATED BY THE SECRETARY FOR MONETARY, AFFAIRS ON NUMEROUS OCCASIONS, HONG KONG'S RESERVES ARE CONTROLLED BY THE HONG KONG GOVERNMENT AND NOT THE UK GOVERNMENT. + HE SAID THAT THE ACCUMULATED FISCAL SURPLUS AT

THE END OF JUNE STOOD AT 18.2 BILLION HONG KONG DOLLARS. HE SAID THAT THE FUNDN WHICH HAD BEEN DIVERSIFIED SINCE 1972, WAS HELD IN US DOLLARS, CANADIAN DOLLARS, DEUTSCHEMARKS,

SWISS FRANCS, GUILDERS, YEN, STERLING AND HONG KONG DOLLARS.

A SPOKESMAN FOR THE HOG KONG, BRANCH OF THE BRITISH MEDICAL ASSOCIATION GAVE A WARNING THAT HONG KONG COULD BECOME A HAVEN FOR +DILETTANTE DOCTORS+ IF THE EXECUTIVE COUNCIL'S PLAN TO GRANT AUTOMATIC REGISTRATION TO MEDICAL

GRADUATES FROM +REPUTABLE+ UNIVERSITIES AND MEDICAL SCHOOLS OVERSEAS IS ACCEPTED. IN A FRONT PAGE STORY, THE SCM POST QUOTED THE SPOKESMAN AS SAYING THAT HONG KONG COULD BE FLOODED WITH OVERSEAS DOCTORS COMING HERE FOR HOLIDAYS OF THREE OR SIX MONTHS AND EXCHANGING PRACTICES WITH LOCAL DOCTORS. ALTHOUGH THESE DOCTORS WERE, NO DOUBT, HIGHLY

QUALIFIED, THE SPOKESMAN SAID, THE OBJECTION WAS THAT THE PATIENTS WOULD NOT BE GETTING THE PROPER FOLLOW-UP. 30TH THE BRITISH MEDICAL ASSOCIATION AND THE HONG KONG MEDICAL ASSOCIATION TAKE THE STAND THAT WHILE THEY WELCOME FOREIGN

MEDICAL GRADUATES +IN THE INTERESTS OF PROTECTING - THE PUBLIC+ STANDARDS MUST BE ASSURED AND NOT ASSUMED.

+AND

WE FIND THAT IN HONG KONG THE BEST WAY OF DOING THIS IS THROUGH THE LICENTIATE SCHEME, + THE. SPOKESMAN SAID.

AN OPEN TRADING SYSTEM IS NEEDED TO STRENGTHEN AND SECURE THE WORLD FINANCTAL STRUCTURE AND TO SUSTAIN ECONOMIC RECOVERY, ACCORDING TO A REPORT PREPARED BY A STUDY GROUP LED BY THE CHAIRMAN OF THE HONG KONG TRADE DEVELOPMENT COUNCIL, MISS LYDIA DUNN. IN THEIR BUSINESS PAGES, 30TH

THE SOM POST AND THE HK STANDARD SAID THAT THE REPORT FOLLOWED AN INTERNATIONAL CONFERENCE ON ASIAN-PACIFIC

TRADE IN HOBART LAST SPRING, STAGED BY THE TRADE POLICY RESEARCH CENTRE, AN INDEPENDENT LONDON-BASED GROUP THAT-

CAMPAIGNS FOR FREE TRADE. MISS DUNN'S TEAM INCLUDED THE CHAIRMAN OF MITSUI ENGINEERING AND SHIPBUILDING, MR ISAMU YAMASHITA, HIS COUNTERPART AT SIME DARBY BHD, TUN TAN SIEW SIN, AND THE GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT)

SECRETARIAT'S DIRECTOR OF ECONOMIC RESEARCH, DR JAN TUMLIR. THE REPORT SUGGESTED THAT COUNTRIES IN THE ASIAN- PACIFIC REGION EXPLORE WAYS OF HELPING ONE ANOTHER,

ESPECIALLY WHEN UNDER PRESSURE FROM POWERFUL COUNTRIES TO RESTRAIN EXPORTS. IT ADDED THAT THEY HAD TO WORK WITHIN THE FRAMEWORK OF MULTILATERAL COOPERATION TO STRENGTHEN ADHERENCE TO THE PRINCIPLES AND RULES OF GATT.

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+BY

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