Wednesday, January 9, 1974
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In reply, the Financial Secretary, the Hon. C.P. Haddon-Cave,
said he was grateful for the warm support the Unofficials had afforded
the bill and, in particular, for the very thorough and conscientious study
undertaken by the Ad Hoc group of Unofficial Members,
The group had studied in detail the representations of the four
stock exchanges submitted direct to them and which contained most of the
recommended amendments directly affecting the atock exchanges.
The Financial Secretary shared Mr. Woo's concern that adequate
time be afforded for a thorough examination of the proposed amendments.
In fact, he said a list of the proposed amendments to be moved on
January 30 at the Committee Stage had already been made available to members
of the Council so they could have adequate time to study them.
He also assured Mr. Woo that the clause relating to insider trading
would not be brought into operation without the council having an opportunity
to debate it. He added that there would be no procedural difficulty in
arranging this.
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