THURSDAY, MAY 28, 1987
THE BILL IS COMPLEX AND HIGHLY TECHNICAL. THE FOLLOWING ORGANISATIONS WILL BE SPECIFICALLY INVITED TO COMMENT: THE HONG KONG ASSOCIATION OF BANKS, THE HONG KONG BAR ASSOCIATION, THE HONG KONG DEPOSIT-TAKING COMPANIES ASSOCIATION, THE HONG KONG FUTURES EXCHANGE, THE HONG KONG GENERAL CHAMBER OF COMMERCE, THE HONG KONG SOCIETY OF ACCOUNTANTS, THE HONG KONG SOCIETY OF SECURITY ANALYSTS LTD. THE HONG KONG UNIT TRUST ASSOCIATION. THE ASSOCIATION OF THE INSTITUTE OF CHARTERED SECRETARIES AND ADMINISTRATORS IN HONG KONG, THE LAW SOCIETY OF HONG KONG, THE STOCK EXCHANGE OF HONG KONG, THE FEDERATION OF HONG KONG INDUSTRIES AND THE CHINESE MANUFACTURERS' ASSOCIATION OF HONG KONG.
THE BILL WILL ALSO BE SENT TO THE 260 LISTED COMPANIES. MEMBERS OF THE PUBLIC ARE WELCOMED TO COMMENT ON THE BILL, COPIES OF WHICH CAN BE PURCHASED AT THE GOVERNMENT PUBLICATIONS CENTRE.
+THE BILL MIGHT NEED TO BE REVISED TO TAKE INTO ACCOUNT COMMENTS RECEIVED. A REVISED DRAFT WOULD BE REFERRED TO THE STANDING COMMITTEE ON COMPANY LAW REFORM AND THE SECURITIES COMMISSION FOR FURTHER ADVICE, HE NOTED.
MR NENDICK HOPED THAT A FINAL DRAFT BILL WOULD BE READY FOR SUBMISSION TO THE EXECUTIVE COUNCIL FOR APPROVAL FOR ITS INTRODUCTION INTO THE LEGISLATIVE COUNCIL IN 1988.
ALL COMMENTS
THERE WILL BE A THREE-MONTH CONSULTATION PERIOD. SHOULD BE SENT TO THE MONETARY AFFAIRS BRANCH, 24TH FLOOR, ADMIRALTY CENTRE, TOWER 11, BEFORE SEPTEMBER 5, 1987.
NT TAXIS BAN IN MA ON SHAN, JUNK BAY
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THE EXECUTIVE COUNCIL HAS DECIDED NOT TO ALLOW NEW TERRITORIES TAXIS TO OPERATE IN THE NEW TOWNS OF MA ON SHAN AND JUNK BAY INCLUDING RENNIE'S MILL.
A GOVERNMENT SPOKESMAN SAID THE DECISION TO BAN NT TAXIS FROM THESE TWO NEW TOWNS WAS IN LINE WITH THE OBJECTIVE OF PROVIDING A TAXI SERVICE IN THE REMOTER PARTS OF THE NEW TERRITORIES.
+TO ALLOW THEM TO OPERATE IN NEW TOWNS CLOSE TO THE URBAN AREA WOULD RESULT IN A DETERIORATION IN THE LEVEL OF THEIR SERVICE TO THE REMOTER NT AREAS,+ HE SAID.
/THE SPOKESMAN