47
WEDNESDAY, APRIL 8, 1987
+I SHOULD MAKE MYSELF AS USEFUL AS POSSIBLE TO THE NEW GOVERNOR AND THE ADMINISTRATION.+
SIR DAVID SAID HE THOUGHT THE NEW GOVERNOR WOULD HAVE A BUSY SCHEDULE, ADDING THAT HONG KONG WAS NOW AN EXTREMELY BUSY PLACE WITH SOME VERY IMPORTANT QUESTIONS FACING IT.
ASKED ABOUT HIS FEELINGS ON THE LAST DAY AS ACTING GOVERNOR SIR DAVID SAID IT WAS VERY PLEASANT TO BE ABLE TO PLANT A TREE ON THIS DAY.
+ IT NOT ONLY MARKS AN END BUT IT MARKS A BEGINNING, AND TO PLANT A TREE AND TO KNOW THAT THAT TREE WILL GO ON GROWING FOR THE NEXT 30 OR 40 OR 50 YEARS IS REALLY A VERY GREAT PLEASURE TO ME BECAUSE | PARTICULARLY LIKE PLANTING TREES, HE SAID.
+AND ALSO IT HAS EXTRA SIGNIFICANCE IN THAT I'M 60 THIS YEAR. I'M RETIRING THIS YEAR, AND IT'S IN SHA TIN WHICH I'VE TAKEN SO MUCH PLEASURE IN WATCHING IT GROW OVER THESE LAST FEW YEARS.
+SO I FEEL THAT THE TREE IN SHA TIN IS ALL PART OF ME AND PART OF LIFE.+
ASKED WHY HE CHOSE TO LIVE IN HONG KONG AFTER RETIREMENT, SIR DAVID SAID HE HAD LIVED HERE FOR 30 YEARS AND HIS ROOTS WERE IN HONG KONG.
SHARES ISSUING ABILITY TO BE CONSIDERED *****
FOLLOWING THE JOINT STATEMENT ISSUED EARLIER TODAY (WEDNESDAY) BY THE CHAIRMAN OF THE STOCK EXCHANGE, DR RONALD LI, AND THE COMMISSIONER FOR SECURITIES, MR RAY ASTIN, THE SECRETARY FOR MONETARY AFFAIRS, MR DAVID NENDICK, ANNOUNCED THAT, AT THE REQUEST OF THE FINANCIAL SECRETARY, MR PIERS JACOBS. HE HAS ASKED THE STANDING COMMITTEE ON COMPANY LAW REFORM TO CONSIDER AS A MATTER OF URGENCY WHETHER OR NOT THE PRESENT ABILITY OF COMPANIES TO ISSUE SHARES WITH VOTING RIGHTS DISPROPORTIONATE TO THEIR NOMINAL VALUE IS IN THE INTERESTS OF THE GENERALITY OF SHAREHOLDERS, AND IF NOT, TO IDENTIFY WHETHER ANY CHANGES TO THE PRESENT LEGISLATIVE FRAMEWORK ARE DESIRABLE.
/48