FRIDAY, SEPTEMBER 11, 1981
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SIR Y.K. KAN REAPPOINTED CHAIRMAN OF TDC
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SIR YUET-KEUNG KAN HAS BEEN RE-APPOINTED CHAIRMAN OF THE HONG KONG TRADE DEVELOPMENT COUNCIL FOR TWO YEARS WITH EFFECT FROM OCTOBER 1, A GOVERNMENT SPOKESMAN ANNOUNCED TODAY.
SIR Y.K. SERVED AS CHAIRMAN OF THE TDC FROM 1970 TO 1975 AND WAS APPOINTED CHAIRMAN AGAIN IN 1979 FOR TWO YEARS.
HE HAS A LONG AND DISTINGUISHED RECORD OF PUBLIC SERVICE, AND SERVED ON THE EXECUTIVE, LEGISLATIVE AND URBAN COUNCILS.
IN 1979, HE WAS MADE A KNIGHT GRAND CROSS (GBE), THE HIGHEST OF THE FIVE CLASSES IN THE MOST EXCELLENT ORDER OF THE BRITISH EMPIRE. THE ONLY OTHER HOLDER OF THE GBE IN HONG KONG IS HIS EXCELLENCY THE GOVERNOR, AND SIR Y.K. IS THE FIRST HONG KONG RESIDENT TO RECEIVE THE AWARD.
THE TRADE DEVELOPMENT COUNCIL WAS ESTABLISHED IN 1966 AS
A STATUTORY BODY TO PROMOTE AND DEVELOP HONG KONG'S OVERSEAS TRADE.
REMINDER ON OLD $5-COIN
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THE TEN-SIDED FIVE DOLLAR COIN WILL CEASE TO BE LEGAL TENDER IN ABOUT FOUR WEEKS.
A GOVERNMENT SPOKESMAN REMINDED THE PUBLIC TODAY (FRIDAY) THAT FROM OCTOBER 8 THERE WILL BE NO LEGAL OBLIGATION TO ACCEPT THE COIN IN SATISFACTION OF DEBTS.
A PROCLAMATION TO DEMONETISE THE OLD COIN WAS PUBLISHED IN THE GOVERNMENT GAZETTE ON JULY 3.
THESE COINS CAN BE EXCHANGED FOR THE NEW FIVE-DOLLAR COINS OR FOR THE EQUIVALENT IN OTHER COINS OR NOTES AT ANY BANK, THE SPOKESMAN SAID.
THE NEW, ROUND FIVE-DOLLAR COIN WAS INTRODUCED ON MAY 11, AND SINCE THEN THE OLD COINS, LEGAL TENDER SINCE AUGUST 16, 1976 HAVE BEEN GRADUALLY WITHDRAWN FROM CIRCULATION,
MORE THAN HALF OF THE 52 MILLION OLD COINS THAT HAD BEEN IN CIRCULATION WERE WITHDRAWN BY SEPTEMBER 10, 1981, THE SPOKESMAN ADDED.
ABOUT 14 MILLION NEW FIVE-DOLLAR COINS WERE ALREADY IN CIRCULATION AND THERE WAS AMPLE STOCK FOR REPLACING REMAINING OLD COINS WHICH HAD YET TO BE WITHDRAWN.