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FRIDAY, OCTOBER 3, 1986
+IT SHOULD, HOWEVER, NOT BE FORGOTTEN THAT BANK ING IS A BUSINESS WHICH INVOLVES RISK - MISTAKES WILL BE MADE, LOANS WILL NOT ALWAYS BE REPAID, AND PEOPLE WILL NOT ALWAYS BE HONEST.
+LEGISLATION CAN NEVER FULLY REMEDY THESE PITFALLS, NOR CAN IT, OR SHOULD IT, USURP THE PROPER ROLE OF MANAGEMENT WHICH, SIMPLY PUT, IS THAT OF 'MANAGING RISK',+ HE SAID.
HE STRESSED THAT THE PURPOSE OF THE NEW ORDINANCE, AS CLEARLY STATED IN ITS PREAMBLE, WAS TO PROVIDE A MEASURE OF PROTECTION TO DEPOSITORS AND TO PROMOTE THE GENERAL STABILITY AND EFFECTIVE WORKING OF THE BANKING SYSTEM+.
+AND I BELIEVE WE NOW HAVE AT OUR DISPOSAL AN ORDINANCE WHICH PROVIDES US WITH BOTH THE DISCIPLINES AND THE FLEXIBILITY WE NEED IF HONG KONG IS TO CONTINUE TO PROSPER AS AN INTERNATIONAL FINANCIAL CENTRE, HE SAID.
DRUG EDUCATION IN SCHOOLS PROVES IMPORTANT
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THE IMPORTANCE OF PREVENTIVE EDUCATION IN THE FIGHT AGAINST DRUG ABUSE HAS LONG BEEN RECOGNISED BY THE GOVERNMENT AND THIS EFFECTIVE EDUCATION PROGRAMME IS ONE OF THE STRATEGIES ADOPTED BY THE ACTION COMMITTEE AGAINST NARCOTICS (ACAN).
THIS WAS STATED TODAY (FRIDAY) BY THE CHAIRMAN OF ACAN, PROFESSOR GERALD CHOA, AT A CEREMONY MARK ING THE OPENING OF AN ANTI-DRUGS SEMINAR FOR SCHOOL ADMINISTRATORS AND THE BEGINNING OF THE DISTRIBUTION OF A REVISED DRUG EDUCATION TEACHING KIT.
PROF GERALD CHOA TOLD THE GATHERING THAT THE FIRST ROUND OF TALKS AT SECONDARY SCHOOLS ON THE DANGER OF DRUG ABUSE WAS NEAR COMPLETION, IT WAS HOPED THAT THE NEXT CYCLE OF SCHOOL TALKS WOULD BEGIN EARLY NEXT YEAR.
THE OBJECTIVE OF THESE TALKS WAS TO PROVIDE STUDENTS WITH BASIC INFORMATION ON DRUGS AND THE PROBLEM OF DRUG ABUSE SO THAT THEY COULD DEVELOP A CORRECT ATTITUDE TOWARDS THEM, HE SAID.
PROF CHOA NOTED THERE WAS A SIGNIFICANT DROP OF 23.9 PER CENT IN THE NUMBER OF YOUTHS AGE UNDER 21 NEWLY REPORTED TO THE CENTRAL REGISTRY OF DRUG ABUSE (CRDA) IN THE PAST SIX MONTHS COMPARED WITH THE SAME PERIOD LAST YEAR.
+ALTHOUGH ENCOURAGED BY THE RESULTS WHICH INDEED REFLECT THE EFFECTIVENESS OF THE STRATEGY ADOPTED, WE SHOULD NOT BE COMPLACENT AND SHOULD CONTINUE OUR EFFORTS IN COMBATTING THE DRUG PROBLEM, HE SAID.
/THE ACTING