MONDAY, OCTOBER 18, 1982
6
GOVERNOR TO ATTEND SOUTHERN DB MEETING
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THE GOVERNOR, SIR EDWARD YOUDE, WILL ATTEND THE SOUTHERN DISTRICT BOARD MEETING TOMORROW (TUESDAY) THE FIRST URBAN DB MEETING SINCE LAST MONTH'S ELECTION OF URBAN BOARD MEMBERS.
HE WILL ARRIVE AT 2.50 PM FOR THE MEETING AT THE CHAN PAK SHA SCHOOL, AT NO. 1 SHUM WAN ROAD, WONG CHUK HANG.
SIR EDWARD WILL ADDRESS THE BOARD MEMBERS, AND WILL THEN HOLD A GENERAL DISCUSSION WITH THE ELECTED AND RECENTLY-APPOINTED UNOFFICIAL MEMBERS.
AFTER SPENDING ABOUT 20 MINUTES AT THE MEETING, THE GOVERNOR WILL TOUR THE NEARBY AP LE! CHAU ESTATE AND BOATYARDS AT PO CHONG WAN.
NOTE TO EDITORS #
YOU ARE INVITED TO COVER THE SOUTHERN DISTRICT BOARD MEETING TO BE HELD AT THE CHAN PAK SHA SCHOOL AT NO. 1 SHUM WAN ROAD, WONG CHUK HANG, AND THE SUBSEQUENT TOUR OF THE PUBLIC HOUSING ESTATE AND BOATYARDS.
THREE GOVERNMENT VANS WILL LEAVE THE CENTRAL GOVERNMENT OFFICES CARPARK AT 1.45 PM FOR THE SCHOOL AND THE TOUR. HOWEVER, DUE TO SPACE LIMITATION ON THE ROOF OF A BLOCK AT THE ESTATE AND AT THE BOATYARDS, AS WELL AS FOR SAFETY REASONS, COVERAGE OF THE TWO LOCATIONS WILL BE RESTRICTED TO PHOTOGRAPHERS ONLY.
OPERATION OF EXCHANGE FUND CLARIFIED
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THE SECRETARY FOR MONETARY AFFAIRS, MR DOUGLAS BLYE, TODAY (MONDAY) DREW ATTENTION TO MISUNDERSTANDINGS IN MEDIA REPORTS ABOUT THE OPERATION OF THE EXCHANGE FUND WHICH PERSIST EVEN AMONG THOSE WHO SHOULD KNOW BETTER.
HONG KONG'S RESERVES ARE USED ONLY FOR THE BENEFIT OF HONG KONG AND IT IS DIFFICULT TO UNDERSTAND WHY SOME ELEMENTS OF THE MEDIA PERSIST IN MISLEADING THEIR AUDIENCES ON THIS QUESTION, HE SAID.
SPEAKING TO THE ROTARY CLUB OF TSIM SHA TSUI EAST AT THE IR LUNCHEON MEETING TODAY, MR BLYE SAID HE HAD SPOKEN PUBLICLY ON THE SUBJECT IN NOVEMBER LAST YEAR WHEN HE REFUTED CERTAIN PREVALENT MISCONCEPTIONS, INCLUDING THOSE RELATING TO THE EXTENT TO WHICH THE FUND WAS INVESTED IN STERLING AND THE ASSOCIATED REASONS.
THE SUGGESTON