Financial Secretary : Sir, I think this is really one of the
problems that this particular market is not adequately
regulated. As I said, the large reputable dealers trade
without problems. These large reputable dealers by and large
are members of their large
their large overseas
overseas banks; some of the London
fixing members; some United States dealers, and there are some
Hong Kong based dealers as well. The smaller, totally
unregulated dealers might well deal in a manner which is
totally contrary to their clients' best interest. That is the
problem.