M(85) 7

CONFIDENTIAL

66

Works would shortly lead a delegation to Guangdong

to discuss the matter.

(b) SECURITIES COMMISSION REPORT

The Financial Secretary

Securities

Commission would

reported that the

shortly issue the

inspector's report on Dollar Credit's collapse.

(c) MAGISTRATES

The Attorney General undertook to inform the

Council of the circumstances giving rise to media

reports that ten Magistrates were leaving the

Judiciary.

(d) JOINT DECLARATION: LAND MATTERS

The Governor informed Mr F.W. Li that the

drafting of legislation to implement the land

aspects of the Joint Declaration would be completed

by the end of March. The need for urgency was well

understood.

(e)

VALEDICTORY

The Governor reported that Mr T.S. Lo had

tendered his resignation from both Executive and

Legislative Councils. He had accepted these with

regret. Mr Lo had been a Member of the Council

since April 1980 and of the Legislative Council

CONFIDENTIAL

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