FRIDAY, OCTOBER 23, 1987
ON WHETHER OR NOT THE EXCHANGE FUNDS WOULD BE USED, MR JACOBS SAID HE WOULD RATHER NOT COMMENT ON THAT POINT, BUT ADDING THAT THERE WERE STATUTORY LIMITS ON HOW THE FUNDS COULD BE USED.
IN RESPONSE TO A QUESTION, MR JACOBS CONFIRMED THAT A PROPOSAL WAS SUBMITTED TO THE GOVERNMENT BY THE CHAIRMAN OF THE FUTURES EXCHANGE, DR KIM CHAM.
"OBVIOUSLY, THOSE PROPOSALS ARE IN THE MELTING POT, HE SAID.
GOVERNMENT DEALING WITH STOCK EXCHANGE PROBLEM: FS
* * * * *
THE GOVERNMENT IS DEALING WITH THE PROBLEMS WITH RESPECT To THE STOCK EXCHANGES IN THE INTERESTS OF THE COMMUNITY, THE FINANCIAL SECRETARY, MR PIERS JACOBS, SAID THIS (FRIDAY) EVENING.
SPEAKING AT THE HONG KONG STOCK MR JACOBS SAID
EXCHANGE '8 FIRST ANNIVERSARY HONG KONG HAD
CELEBRATION CONCERT, EXTRAORDINARY WEEK ON THE WORLD'S STOCK EXCHANGES.
WITNESSED AN
"LIKE OTHERS WE IN HONG KONG HAD PROBLEMS, AND WE ARE DEALING WITH THEM IN THE INTERESTS OF OUR COMMUNITY. I HAVE NO DOUBT THAT WE SHALL SUCCEED," HE SAID.
"THE ECONOMY 18 BOUND AND THE COMMUNITY SHOULD HAVE CONFIDENCE IN ITSELF," HE ADDED.
MR JACOBS SAID THE GOVERNMENT AND THE HONG KONG STOCK EXCHANGE WOULD TAKE STOCK OF THE Legsons LEARNT IN THE PAST WEEK TO WORK TOGETHER TO SAFEGUARD AND ENHANCE HONG KONG'S POSITION AS AN INTERNATIONAL FINANCIAL CENTRE.
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