26
WEDNESDAY, MARCH 15, 1989
PROVIDED
MONEY AND PERMITTED
THESE EXCHANGE RATES, CHARGES AND COMMISSIONS CONSENT IN ADVANCE TO THE TERMS OF THE TRANSACTION.
FOR
THE
DISCLOSURE
BY
CHANGERS CUSTOMERS ΤΟ
OF
THE
UP то EXAMINE MR CHUNG, CONVENER OF A LEGCO AD HOC GROUP SET
THE PRINCIPAL ENACTMENT OF FOLLOWING SAID BILL,
THAT
HAD
AN UNACCEPTABLE LEVEL ORDINANCE IN 1985 THERE MALPRACTICE WITHIN THE TRADE.
THE
BEEN STILL
OF
"THIS GENERATES A SIGNIFICANT AMOUNT OF ADVERSE PUBLICITY LOCALLY AND OVERSEAS, HE SAID.
BOTH
CHANGER TO MAINTAIN A THE AMENDMENT BILL REQUIRED THE MONEY BOARD OR OTHER DEVICE DISPLAYING THE NET RATES OF EXCHANGE.
IT ALSO PROHIBITED A MONEY CHANGER FROM DISPLAYING NOTICES STATEMENTS WHICH WERE FALSE OR MISLEADING FOR THE CUSTOMERS.
AND
AGENCY TO
WITH
MR CHUNG SAID THE BILL WOULD ENABLE THE ENFORCEMENT
CASES ON NON-COMPLIANCE DEAL MORE EFFECTIVELY WITH COMPLAINT REQUIREMENTS OF THE ORDINANCE.
ΤΟ SERVE
REGULATE THE TRADE, HONG KONG'S IMAGE
HE SAID.
"I BELIEVE THAT THE BILL WILL AFFORD BETTER PROTECTION TO CUSTOMERS AND ENHANCE AS A FAVOURABLE VISITOR DESTINATION,
HE ALSO SPEAKING IN SUPPORT OF THE BILL, THE HON DAVID LI SAID
THE IMAGE OF HONG HEARTILY ENDORSED ANY MEASURE AIMED AT IMPROVING KONG AS A PLACE WHERE ONE COULD EXPECT FAIR AND HONEST TREATMENT THOSE CONNECTED, IN WHATEVER WAY, WITH THE FINANCIAL FIELD.
FROM
TO FIRST
ROTTEN APPLES "WHILE ONE ACCEPTS THAT IT TAKES ONLY A FEW SPOIL THE BARREL, NEVERTHELESS IT REMAINS A FACT THAT OFTEN THE AND LAST ACT OF PEOPLE VISITING HONG KONG IS TO CHANGE MONEY.
OUT FROM ΚΑΙ TAK WITH "WE DO NOT WISH PEOPLE TO FLY MEMORY OF HONG KONG SOURED BY ILL TREATMENT AT THE HANDS MINORITY," HE SAID.
THE HON MARTIN BARROW MOVED TWO AMENDMENTS TO THE THE COMMITTEE STAGE.
THEIR
OF A SMALL
BILL DURING
REFUSED TO PROCEED ONE AMENDMENT PROVIDED THAT IF A CUSTOMER
MONEY CHANGER SHOULD IMMEDIATELY WITH AN EXCHANGE TRANSACTION, THE HAND BACK TO THE CUSTOMER THE CURRENCY TENDERED BY THE CUSTOMER.
HANDLING
FEE IN
RESPECT OF
MONEY CHANGERS DO
WHICH TRANSACTIONS
ARR
"THE AMENDMENT WAS PROPOSED TO ENSURE THAT NOT IMPOSE A CANCELLED, MR BARROW SAID.
LI
THE OTHER AMENDMENT PROHIBITED ADVERTISEMENTS RELATING CHARGING OR NON-CHARGING OF COMMISSIONS OR OTHER CHARGES BY THE CHANGERS.
TO THE MONEY
THE DISPLAY