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SAC MEMBERSHIP ANNOUNCED

Saturday, January 6, 1972

The Governor har made the following appointments to the Securities

Advisory Council, the establishment of which was announced by the Financial

Secretary in the Legislative Council on 3rd January, 1973.

Chairman:

Mr. Kan Yuet-hing, F. I.B., J.P.

Members:

Mr. Pao Yue-kong, J.P.

Mr. Poon Wing-cheung, IL.B. Hons (London),

F.A.S.A., F.C.I.S.

Mr. M.G.R. Sandberg, J.P.

Mr. Wong Chung-hin, MA, ZL.B. (Cantab)

The Registrar General - Mr. W. Hume, J.P.

The Commissioner for Securities.

It is intended that Mr. J.B. Selwyn should be appointed to the

new post of Commissioner of Securities as soon as it has been created. He has

been concerned since January 1972 with the preparation of legislation arising

from the Report of the Companies Law Revision Committee, and was formerly

Adviser to the Bank of England.

Powerful Advisory Body

Commenting on the appointments to the Council which have now been

made and are listed above the Financial Secretary said:-

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