13
FRIDAY, NOVEMBER 20, 1987
APPLY
THOSE WHO WISH ΤΟ
FOR REGISTRATION MAY OBTAIN THE APPLICATION FORM FROM THE TRADE DEPARTMENT, RESERVED COMMODITIES SECTION, 13/F, OCEAN CENTRE, TSIM SHA TSUI, KOWLOON. NO APPLICATION WILL BE CONSIDERED UNLESS EACH OF THE APPLICATION CRITERIA, AS BRIEFLY LISTED BELOW, IS SATISFIED
—
(A) THE APPLICANT IS REGISTERED
REGISTRATION OFFICE.
(B)
WITH THE BUSINES9
IT MUST HAVE BEEN ACTIVELY ENGAGED IN THE RICE TRADE FOR AT LEAST THREE YEARS.
(C)
IT MUST HAVE CAPITAL OF NOT LESS THAN $2 MILLION.
(D)
IT MUST HAVE AN ANNUAL TURNOVER OF BUSINESS THAN $8 MILLION, OF WHICH NOT LESS THAN BE RELATED TO TRADE IN RICE.
OF NOT LESS
$4 MILLION MUST
(E)
(F)
(G)
(H)
IT MUST HAVE BANK CREDITS OF NOT LESS THAN $3 MILLION FOR TRADING IN RICE.
IT HAS MADE CONTACT WITH AN OVERSEAS SUPPLIER CAPABLE OF SUPPLYING RICE ON A CONTINUOUS BASIS.
NOT LESS THAN 51 PER CENT OF THE CAPITAL/SHARES OF THE FIRM MUST BE OWNED BY PERSONS ORDINARILY RESIDENT IN HONG KONG.
OF
A MAJORITY OF PARTNERS OR DIRECTORS AND SHAREHOLDERS THE FIRM MUST BE ORDINARILY RESIDENT IN HONG KONG.
APPLICATIONS MUST BE LODGED WITH THE TRADE DEPARTMENT BY JANUARY 15 NEXT YEAR.
JUDICIAL INDEPENDENCE SAFEGUARDED
*
THE SINO-BRITISH JOINT DECLARATION ON HONG KONG PROVIDES FOR JUDICIAL POWER TO CONTINUE TO BE EXERCISED INDEPENDENTLY AND FREE FROM ANY INTERFERENCE, THE ATTORNEY GENERAL, MR MICHAEL THOMAS, SAID IN THE UNITED STATES ON FRIDAY (U.S. TIME).
INDEPENDENCE
MANY OF THE CONVENTIONAL SAFEGUARDS FOR JUDICIAL WERE ALSO SPECIFICALLY MENTIONED IN THE JOINT DECLARATION, MR THOMAS ADDED.
/HE WAS