FRIDAY, MAY 27, 1988
7
THE SPOKESMAN ADDED THAT ALL AUTHORISED UNIT TRUSTS AND MUTUAL FUNDS MUST, WITHIN ONE MONTH OF THE COMMENCEMENT OF THE REGULATIONS, PAY AN ANNUAL FEE OF $2,700 TO THE COMMISSIONER'S OFFICE IN ORDER ΤΟ MAINTAIN THEIR AUTHORISATION.
THE ANNUAL FEE WOULD FOR RESTORATION OF APPLICATION FOR
THE SPOKESMAN SAID THAT FAILURE TO PAY LEAD TO DE-AUTHORISATION. FEES PAYABLE AUTHORISATION WILL BE THE SAME AS THOSE FOR A FRESH AUTHORISATION.
"THE SECURITIES COMMISSION WILL GIVE NOTICE IN THE GAZETTE OF AUTHORISATION AND DE-AUTHORISATION OF ANY UNIT TRUST OR/AND MUTUAL FUND. A FULL LIST OF ALL AUTHORISED FUNDS WILL BE GAZETTED ONCE A YEAR, HE ADDED.
AT LEAST
THE SPOKESMAN SAID THAT THE COMMITTEE ON UNIT TRUSTS OF THE SECURITIES COMMISSION HAD BEEN CONSULTED AND
AND HAD ACCEPTED THE NEW FEES. THE NEW REGULATIONS WILL TAKE EFFECT ON JUNE 1 THIS YEAR.
AMENDMENTS CONCERNING HK POLYTECHNIC, BAPTIST COLLEGE GAZETTED
* *
SEEKING TO THE GOVERNMENT IS PROPOSING LEGISLATIVE AMENDMENTS
WHICH THE MAKE IT CLEAR THAT THE ACADEMIC AWARDS AND HONORARY AWARDS
BAPTIST COLLEGE MAY CONFER HONG KONG POLYTECHNIC AND THE HONG KONG INCLUDE DEGREES AND HONORARY DEGREES.
THE
AMENDMENTS ARE CONTAINED PROPOSED POLYTECHNIC (AMENDMENT) BILL 1988 AND THE HONG (AMENDMENT) BILL 1988 GAZETTED TODAY (FRIDAY).
IN THE HONG KONG KONG BAPTIST COLLEGE
WAS COMMON PRACTICE A GOVERNMENT SPOKESMAN EXPLAINED THAT IT
INCLUDING FOR A TERTIARY INSTITUTION
DEGREES, TO CONFER HONORARY
FOR HONORARY DOCTORATES, TO GIVE PUBLIC RECOGNITION TO INDIVIDUALS
COMMUNITY IN WHICH THEIR CONTRIBUTION TO THAT INSTITUTION OR TO THE IT WAS ESTABLISHED, OR TO THE FURTHERANCE OF KNOWLEDGE AND LEARNING.
KONG AND THE CHINESE TO SOME 160 EMINENT ΤΟ CONFER SUCH
OVER THE YEARS, THE UNIVERSITY OF HONG UNIVERSITY OF HONG KONG HAVE PAID SUCH TRIBUTE ACADEMICS AND PROMINENT COMMUNITY LEADERS. THE POWER HONOURS IS PROVIDED FOR IN THEIR ORDINANCES.
/THE HONG KONG