FRIDAY, AUGUST 8, 1950
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+ IF THEY HAVE ANY DOUBT REGARDING THE REGISTRATION STATUS OF THEIR BROKERS, THEY CAN COME TO THE OFFICE OF THE COMMISSIONER FOR COMMODITIES TRADING AT 2404 CONNAUGHT CENTRE, TELEPHONE 5-259361, WHERE A REGISTER OF DEALERS IS AVAILABLE FOR INSPECTION,+ HE SAID.
THE ORDINANCE STATES THAT ANY PERSON WHO RECEIVES ORDERS FROM THE PUBLIC, AND WHO PLACES THOSE ORDERS ONLY THROUGH A REGISTERED DEALER OR A MEMBER OF THE CHINESE GOLD AND SILVER EXCHANGE SOCIETY, WILL BE REGARDED AS AN AGENT AND WILL ALSO BE REQUIRED TO REGISTER.
+THE HAWKING OF FUTURES CONTRACTS IS NOW PROHIBITED. THIS MEANS THAT COMMODITY COMPANIES, PARTICULARLY GOLD DEALERS, CAN NO LONGER EMPLOY TEAMS OF MOSTLY UNQUALIFIED SALESMEN USING HIGH PRESSURE SALES TECHNIQUES TO INDUCE MEMBERS OF THE PUBLIC TO BUY AND SELL COMMODITIES, OR ELSE THEY FACE PROSECUTION CARRYING A MAXIMUM FINE OF $10 000 AND SIX MONTHS IMPRISONMENT.
+ANY MEMBER OF THE PUBLIC WHO IS APPROACHED BY A SALESMAN, WHETHER BY VISIT OR BY TELEPHONE, IS URGED TO REPORT SUCH
INCIDENTS TO THE OFFICE OF THE COMMISSIONER FOR COMMODITIES TRADING, SAID THE SPOKESMAN.
WITH EFFECT FROM A DATE TO BE ANNOUNCED SHORTLY IN THE GAZETTE, A DEALER WILL BE REQUIRED TO ISSUE A CONTRACT NOTE AND PROVIDE CERTAIN ESSENTIAL INFORMATION TO A CLIENT IN RESPECT OF EVERY TRANSACTION UNDERTAKEN ON HIS BEHALF. THE PENALTY FOR ANYONE WHO BREACHES THESE NEW REQUIREMENTS WILL BE A FINE OF $10 000 AND IMPRISONMENT FOR SIX MONTHS.
AMS, A SOURCE OF INSPIRATION
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THE ACTING GOVERNOR, SIR JACK CATER, HAS DESCRIBED THE AUXILIARY MEDICAL SERVICE AS A SOURCE OF INSPIRATION AND ENCOURAGEMENT TO THE PEOPLE OF HONG KONG AS DEMONSTRATED VIVIDLY IN THE WAY THE IR MEMBERS WERE MOBILISED LAST YEAR TO HELP THE VIETNAMESE REFUGEES.
THEY WORKED LONG HOURS IN EXTREMELY DIFFICULT AND DEMANDING CONDITIONS, PROVIDING MEDICAL FACILITIES FOR THOSE ON BOARD SHIPS LIKE THE HUEY FONG, HE SAID.
THE AMS MEMBERS HELPED PROVIDE HEALTH-SCREENING AND IMMUNISATION SERVICES ASHORE, MEDICAL SUPPORT AND ASSISTANCE IN THE REFUGEE CAMPS THEMSELVES, AND IN COUNTLESS OTHER WAYS, HE ADDED.
SIR JACK WAS SPEAKING THIS EVENING AT THE AMS OFFICERS' MESS DINNER TO CELEBRATE THE 30TH ANNIVERSARY OF THE FOUND ING OF THE SERVICE.
HE TOLD THE OFFICERS THAT HE LONG ADMIRED THE SELFLESS AND UNSTINTING+ CONTRIBUTION WHICH THE AMS MADE ON SO VERY MANY OCCASIONS TO THE WELFARE OF THE COMMUNITY.
/WHEREVER AND ...............