5
FRIDAY, NOVEMBER 18, 1988
OFFICIALS REVIEW PROGRESS OF AGREEMENT
OF
PIERS JACOBS, EARLIER THIS THE FINANCIAL SECRETARY, MR
WEEK LED BY MET A VISITING
DEFENCE OFFICIALS, TEAM OF MINISTRY OF
MR SECRETARY
STATE ASSISTANT UNDER
BRIAN COUSINS, TO REVIEW PROGRESS ON THE OPERATION OF THE 1988 DEFENCE COSTS AGREEMENT.
DISCUSSION AT THE MEETING CENTRED
ON MEASURES IDENTIFIED EFFECT COST SAVINGS IN THE OPERATION OF THE GARRISON.
SPOKESMAN
SAID
TODAY
(FRIDAY)
то
THAT
THE
WERE
A GOVERNMENT DISCUSSIONS HAD BEEN CORDIAL AND PRODUCTIVE, AND THAT BOTH SIDES PLEASED WITH THE PROGRESS THAT HAD BEEN MADE.
THE MEETING, WHICH HAD BEEN SCHEDULED EXPECTED TO BE THE FIRST OF A REGULAR SERIES.
EARLIER THIS YEAR, IS
AMENDED TV ORDINANCE BECOMES EFFECTİVE ON MONDAY
WHICH INTRODUCES A THE TELEVISION (AMENDMENT) ORDINANCE 1988 NUMBER OF SIGNIFICANT CHANGES INTO THE LEGISLATION GOVERNING WIRELESS KONG TELEVISION BROADCASTING IN HONG
WILL COME INTO OPERATION MONDAY (NOVEMBER 21).
ON
INTO THE TELEVISION THE ORDINANCE, WHICH ADDS NEW PROVISIONS
ENSURES ORDINANCE,
THAT TELEVISION COMPANIES REMAIN LOCALLY
THE BUSINESS OF CONTROLLED AND THAT THEY CONCENTRATE ON
TELEVISION
BROADCASTING.
OR
IT RESTRICTS THE SHAREHOLDINGS WHICH MAY BE HELD BY PERSONS COMPANIES WHICH
NOT SATISFY CERTAIN HONG KONG RESIDENCE REQUIREMENT.
DO
THE AN INDIVIDUAL PERSON OR COMPANY WHO IS "UNQUALIFIED" UNDER
AUTHORITY то ORDINANCE WILL REQUIRE THE APPROVAL OF THE BROADCASTING HOLD A "RELEVANT INTEREST IN TWO PER CENT OR MORE OF THE VOTING SHARES OF A LICENSEE COMPANY, AND MAY NOT HOLD MORE THAN 10 PER CENT VOTING SHARES OF A LICENSEE.
OF THE
"QUALIFIED" UNDER THE ORDINANCE
KONG FOR A
FOR AN INDIVIDUAL TO BE MUST BE ORDINARILY RESIDENT IN HONG RESIDENT IN HONG KONG AT SOME TIME LEAST SEVEN YEARS.
HE
AND HAVE
CONTINUOUS PERIOD
BEEN
ORDINARILY OF AT
/FOR A