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5
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MONDAY, NOVEMBER 23, 1987
RECOMMENDATIONS
ON
THE CONSULTANTS'
THE ASSIGNMENT OF THE REVIEW OF THE LOAD RESPECTIVE MONITORING RESPONSIBILITIES; REGULAR
THE POWER FORECASTS; SUBMISSION OF BREAKDOWNS OF FUEL EXPENDITURE BY COMPANIES; "FUNCTIONALISATION" OF COSTS IN THE COMPANIES' ACCOUNTS AND DIRECTORS ARE ALREADY MONITORING OF TRANSACTIONS INVOLVING COMPANIES'
UNDER PRACTICE
THE MOINITORING ARRANGEMENTS. REMAINING PROPOSALS WILL BE FORMALLY PUT TO THE POWER COMPANIES WILL BE ASKED TO MEET THE PROPOSED REQUIREMENTS.
THE PRESENT
THE WHICH
PUT TO
THE
MRS CHAN SAID THAT THE WORKING PARTY'S REPORT HAD BEEN
THE ADMINISTRATION HAD ALSO DISCUSSED THE EXECUTIVE COUNCI1..
STANDING PANEL ON PUBLIC PROPOSALS FOR IMPROVEMENT WITH THE OMELCO UTILITIES.
OF
ARE CURRENTLY CARRIED THE GOVERNMENT'S MONITORING ACTIVITIES
NAMELY: THE FINANCIAL MONITORING UNIT OUT BY FOUR UNITS,
OF THE
ECONOMIC
BRANCH SERVICES
WHICH
FOR IS RESPONSIBLE
FINANCIAL THE ECONOMIC SERVICES MONITORING; THE ECONOMIC ANALYSIS DIVISION OF MAKES ECONOMIC BRANCH
EVALUATION SUCH AS ASSESSMENT
DEPARTMENT ELECTRICITY DEMAND; THE ELECTRICAL AND MECHANICAL SERVICES
THE ENGINEERING ASPECT; AND WHICH PROVIDES TECHNICAL INPUT ON
OF DIVISION ECONOMIC SERVICES
ECONOMIC SERVICES THE CO-ORDINATES THE OVERALL MONITORING PROCESS.
WHICH
THE BRANCH WHICH
THE CONSULTANTS SAW NO INHERENT REASON TO MONITORING STRUCTURE.
MODIFY THE PRESENT
SECURITIES REVIEW COMMITTEE INVITES SUBMISSIONS
DAVISON, SAID: EXCHANGE AND
BE
(MONDAY) THAT
THE SECURITIES REVIEW COMMITTEE ANNOUNCED TODAY SUBMISSIONS FROM INTERESTED PARTIES AND MEMBERS OF THE PUBLIC AREA OF WORK TO BE COVERED BY THE COMMITTEE ARE BEING INVITED.
THE CHAIRMAN OF THE SECURITIES REVIEW
"WE WILL
FUTURES THE
ON THE
COMMITTEE, MR IAN HAY
MEMBERS
THE TO THE WRITING
OF
STOCK EXCHANGE, THE HONG KONG STOCKBROKERS ASSOCIATION, THE HONG KONG ASSOCIATION OF BANKS UNIT TRUSTS ASSOCIATION AND OTHER INTERESTED ORGANISATIONS
AREA OF OUR WORK. WE THEIR VIEWS AND COMMENTS ON THE
INTERESTED FROM OTHER
PARTIES WELCOME VIEWS AND COMMENTS GENERAL PUBLIC."
AND THE
HONG KONG TO INVITE WOULD ALSO
AND
THE
TO MR DAVISON STRESSED THAT THE MAIN PURPOSE OF THE REVIEW WAS
AND SYSTEMS TO BUILD A EXAMINE CRITICALLY THE RELEVANT STRUCTURES
FAULT FOR BLUEPRINT FOR THE FUTURE AND NOT TO ALLOCATE BLAME OR FIND PAST EVENTS.
"ALL SUBMISSIONS