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MDLIAN 6810
INDIAN CHAMBER OF COMMERCE FROM HONG KONG, WAS QUOTED AS SAYING THEY HAD NOT ASKED MUCH FROM THE GOVERNOR EXCEPT CONVERGENCE WITH THE BL AND ADHERENCE TO THE JD TO ACHIEVE A SMOOTH TRANSITION. HE HOPED THE PRESENT IMPASSE COULD BE QUICKLY RESOLVED.
12. REPORTS (13.1) NOTED THE SECRETARY FOR CONSTITUTIONAL AFFAIRS, MICHAEL SZE, AS SAYING AFTER THE EXCO MEETING THAT EXCO HAD ENDORSED A DRAFT BILL ON THE SETTING UP OF THE BOUNDARY AND ELECTION COMMISSION AND AGREED A COMPENDIUM CONTAINING COUNTER
PROPOSALS WOULD BE PUBLISHED.
13. IT WAS NOTED (13.1) A REUTERS DESPATCH QUOTED CHINESE SOURCES AS SAYING IF LEGCO PASSED THE GOVERNOR'S PACKAGE, THE CHINESE SIDE WOULD ANNOUNCE THEIR OWN 1997 ELECTION RULES BEFORE 1995. THE SOURCES STRESSED THE CHINESE FORMULA WOULD BE IN ACCORDANCE WITH THE JD AND BL AND THAT BEFORE 1995, THE CHINESE SIDE WOULD SET UP A CONSULTATIVE BODY TO HEAR THE VIEWS OF THE HONG KONG PEOPLE.
ISSUE OF BANKNOTES
14.
REPORTS NOTED THE AGREEMENT BY HKG FOR THE BANK OF CHINA TO ISSUE BANKNOTES FROM 1994. THE SECRETARY FOR MONETARY AFFAIRS, DAVID NENDICK, WAS QUOTED AS SAYING THE GOVERNMENT CONSIDERED THE BANK OF CHINA WOULD FULFIL THE RESPONSIBILITIES OF A NOTE-ISSUING BANK, AND HAD THE ABILITY TO MEET THE TECHNICAL REQUIREMENTS, AND THAT HONG KONG COULD ACCOMMODATE ONE MORE NOTE-ISSUING BANK. THE DESIGNATED CHIEF OF MONETARY AFFAIRS, JOSEPH YAM, SAID THE DECISION HAD NOTHING TO DO WITH POLITICS. THE BANK OF CHINA MADE A STATEMENT WELCOMING THE DECISION, AND INDICATED IT WOULD ISSUE BANKNOTES IN ACCORDANCE WITH HONG KONG'S REGULATIONS, AND WOULD CONTINUE TO WORK FOR THE STABILITY OF HONG KONG'S BANKING SECTOR. IT WAS NOTED THE OTHER TWO NOTE-ISSUING BANKS, HONG KONG AND SHANGHAI BANK AND THE STANDARD CHARTERED BANK WELCOMED THE DECISION.
BAR ASSOCIATION
15. REPORTS NOTED AT THE OPENING OF THE 1993 LEGAL YEAR, BAR ASSOCIATION CHAIRWOMAN JACQUELINE LEONG URGED HONG KONG PEOPLE TO STAND UP IN DEFENCE OF THEIR LEGITIMATE ENTITLEMENT UNDER THE JD
AND BL. MS LEONG REFERRED TO REMARKS MADE BY MR LU PING ON 23
OCTOBER AFTER THE GOVERNOR'S VISIT TO PEKING TO THE EFFECT THAT IF THE GOVERNOR DID NOT TAKE CHINESE VIEWS INTO ACCOUNT, WHEN THE
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