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TUESDAY, MAY 22, 1984
+ THE FINAL GO AHEAD TO ALLOW THE CONTRACT TO BE TRADED WILL NOT BE GIVEN BY THE GOVERNMENT UNTIL THE TWO COMMISSIONS HAVE INDICATED THEIR SATISFACTION WITH THE WORK OF THE EXCHANGE IN THIS REGARD, THE FINANCIAL SECRETARY SAID.
WORK ON REORGANISING THE COMMODITY EXCHANGE AND PREPARATION FOR THE INTRODUCTION OF A STOCK INDEX FUTURES CONTRACT WILL SHORTLY BEGIN AND IS EXPECTED TO BE COMPLETED IN THE NEXT FEW MONTHS. BANKS AND OTHER INTERESTED PARTIES HAVE BEEN INVITED TO WORK TOGETHER WITH THE COMMISSIONER FOR SECURITIES AND COMMODITIES TRADING, MR ROBERT FELL, AND THE CHAIRMAN OF THE EXCHANGE, DR KIM CHAM, ON THE REORGANISATION ARRANGEMENTS AND THE PREPARATORY WORK FOR THE INTRODUCTION OF THE NEW STOCK INDEX FUTURES TRADING.
NOTE TO EDITORS:
A PRESS CONFERENCE WILL BE HELD BY DR KIM CHAM, CHAIRMAN OF THE HK COMMODITY EXCHANGE LTD, WITH THE COMMISSIONER FOR SECURITIES AND COMMODITIES TRADING, MR ROBERT FELL IN THE CONFERENCE ROOM OF THE EXCHANGE'S PREMISES AT HUTCHISON HOUSE, 2ND FLOOR, HARCOURT ROAD, AT 3.15 PM TOMORROW (WEDNESDAY).
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FURTHER LEGAL AID SCHEME BEING DRAWN UP *****
LEGISLATION IS BEING DRAWN UP FOR A SUPPLEMENTARY LEGAL AID SCHEME FOR PEOPLE WHO ARE NOT ELIGIBLE FOR THE EXISTING SCHEME.
APPROVAL HAS BEEN GIVEN BY THE EXECUTIVE COUNCIL FOR SUCH
A SCHEME, TO BE ADMINISTERED BY THE LEGAL AID DEPARTMENT.
THE SCHEME WILL ENABLE PEOPLE WHO ARE FINANCIALLY INELIGIBLE FOR LEGAL AID AND UNABLE TO AFFORD THE SERVICE OF PRIVATE PRACTITIONERS TO BRING PROCEEDINGS TO THE HIGH COURT FOR DAMAGES FOR PERSONAL INJURIES OR DEATH, A SPOKESMAN FOR THE LEGAL AID DEPARTMENT EXPLAINED TODAY.
AT THE SUCCESSFUL CONCLUSION OF A CASE, A PERCENTAGE OF THE DAMAGES THAT THE APPLICANT HAS RECEIVED WILL BE PAID BACK INTO THE SUPPLEMENTARY LEGAL AID SCHEME FUND, SO AS TO ENABLE OTHER
· PEOPLE TO PURSUE THEIR CLAIMS.
THE SPOKESMAN SAID THE NECESSARY LEGISLATION TO PUT THE SCHEME INTO EFFECT WAS BEING PREPARED. AND THE BILL WOULD BE INTRODUCED INTO THE LEGISLATIVE COUNCIL IN THE CURRENT LEGISLATIVE SESSION.
/HE SAID