J
TI...SDAY, APRIL 4, 1985
IMMEDIATELY PRIOR TO THE OUTBREAK OF THE FIRE, AND AS PREVIOUSLY STATED, CARGO WAS BEING TRANSHIPPED FROM WAI MOON NO. 8 TO WAI MOON NO. 6. NYLON STRAP SLINGS WERE USED FOR LIFTING THE CARGO AND EACH SLING WAS LOADED WITH APPROXIMATELY 40 CARTONS OF FIREWORKS.
THE INVESTIGATION HAS ESTABLISHED THAT AT APPROXIMATELY 1000 HOURS A SLING OF FIREWORKS WAS LIFTED OUT OF THE HOLD OF WAI MOON NO. 8, USING THE CARGO DERRICK OF WAI MOON NO. 6.
WHEN THE SLING WAS OVER THE SIDE OF WAT MOON NO. 6, A CARTON OF FIREWORKS FELL FROM THE SLING ONTO THE DECK OF WAI MOON NO. 6 AND IMPACTED ON THE PORT SIDE NEAR THE AFTER END OF THE CARGO HATCH, IMMEDIATELY FOLLOWING UPON WHICH A FIRE BROKE OUT.
HAVING REGARD TO THE FOREGOING, THE DIRECTOR OF MARINE, MR CHAN YUE-YAN, J.P., HAS ORDRED THE ESTABLISHMENT OF A WORKING GROUP TO EXAMINE THE QUESTION OF HANDLING AND TRANSHIPPING SUCH COMMODITIES THROUGH HONG KONG,
LISTING RULES FOR STOCK TRADING SET OUT ******
IN APRIL 1984, PROPOSED LISTING RULES WERE PREPARED BY THE OFFICE OF THE COMMISSIONER FOR SECURITIES, AND SUBMITTED FCR COMMENT BY INTERESTED PARTIES, NAMELY THE STOCK EXCHANGES, LEGAL ACCOUNTING AND STOCKBROKING BODIES, ACADEMIC INSTITUTIONS, BANKS, FINANCIAL PUBLICATIONS AND A LARGE NUMBER OF PUBLIC LISTED COMPANIES. BASED ON THE MANY COMMENTS RECEIVED, DRAFTING INSTRUCTIONS WERE PREPARED AND, AFTER APPROVAL BY THE SECURITIES COMMISSION, WERE FORWARDED TO THE LAW DRAFTSMAN.
THE COMMISSIONER FOR SECURITIES, MR RAY ASTIN, TODAY ANNOUNCED THE PUBLICATION OF THE DRAFT SECURITIES (STOCK EXCHANGE LISTING) RULES 1985. THIS DRAFT DIFFERS IN SOME MATERIAL RESPECTS FROM THE APRIL 1984 VERSION. ACCORDINGLY THE SECURITIES COMMISSION HAS DECIDED THAT IT SHOULD ALSO BE SUBMITTED FOR CONSULTATION AS DONE EARLIER. SUBJECT TO ANY AMENDMENT CONSIDERED DESIRABLE IN THE LIGHT OF FURTHER COMMENTS RECEIVED, IT IS PROPOSED TO SUBMIT THE DRAFT FOR FORMAL APPROVAL BY THE SECURITIES COMMISSION IN MAY 1985. SUBJECT TO THE VIEWS OF THE SECURITIES COMMISSION, THE DRAFT 1985 RULES WILL BE SUBMITTED TO THE GOVERNOR-IN-COUNCIL FOR DECISION AS SOON AS POSSIBLE THEREAFTER.
J
A SUMMANY