SATURDAY, JUNE 23, 1990
J
A
INFLATION, THOUGH DREADED BY ECONOMISTS, HAD LED TO SIGNIFICANT REDUCTION IN THE NUMBER OF COUNTERFEIT COINS WHICH WERE QUITE RAMPANT IN THE MID-1980'S, HE SAID.
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"IT IS SIMPLY NOT WORTH THE TROUBLE TO COUNTERFEIT A $5 COIN TODAY WHEN IT MAY COST UP TO $4 IN LABOUR AND EQUIPMENT COSTS, MR HO ADDED.
AT PRESENT, ABOUT 20 OR SO COUNTERFEIT COINS WERE FOUND EACH MONTH FROM VARIOUS CHANNELS, PARTICULARLY IN VENDING MACHINES, HE SAID.
HE RECALLED THAT MORE THAN 2,680 COUNTERFEIT $5 COINS WERE SEIZED WHEN A SYNDICATE WAS CRUSHED IN 1984.
WHILE CCB WOULD CONTINUE TO FOCUS ITS ATTENTION ON COUNTERFEIT CURRENCIES FOR ITS GRAVE EFFECT ON THE ECONOMY, MR HO SAID MORE ENERGY WOULD BE DIVERTED TOWARDS FORGED CREDIT CARDS.
"WITH CHANGES IN SPENDING HABITS AND THE CIRCULATION OF AN INCREASINGLY HUGE VOLUME OF CREDIT CARDS IN THE MARKET, WE HAVE BEEN KEEPING A CLOSE EYE ON VARIOUS TYPES OF CREDIT CARD FRAUD OVER THE PAST YEARS, MR HO SAID.
"
BUT MR HO POINTED OUT MANY FRAUD CASES THROUGH THE USE OF EITHER FORGED OR STOLEN CREDIT CARDS COULD BE AVOIDED IF PEOPLE AT SALES COUNTERS WERE MORE ALERT.
"I HAVE COME ACROSS CASES WHEREBY THE SALESPERSON ACCEPTED WITHOUT QUESTION A CREDIT CARD EMBOSSED WITH A JAPANESE NAME FROM A CANTONESE SPEAKING MAN, OR A CANTONESE SPEAKING MAN WAS ABLE TO PURCHASE THOUSANDS OF DOLLARS WORTH OF GOODS BY USING A CARD WHICH BELONGED TO A EUROPEAN.
**WE APPRECIATE THE INTENSE COMPETITION IN THE COMMERCIAL CREDIT CARD MARKET, BUT WE BELIEVE MANY CASES WOULD NOT HAVE HAPPENED IF THE CARD COMPANIES TIGHTENED UP A BIT ON THEIR GUIDELINES ISSUED TO CLIENT SHOPS ON THE USE OF CREDIT CARDS, MR HO SAID.
17
YOUNGSTERS LEARN ABOUT PROTECTION OF HEARING ABILITY AT EXHIBITION
(SATURDAY)
IN LOK
IN
WONG
ΤΑΙ
OF YOUNGSTERS
SIN TODAY HUNDREDS LEARNED HOW TO PROTECT THEIR HEARING ABILITY AT AN EXHIBITION FU SHOPPING CENTRE.
THEY ALSO HAD THEIR HEARING TESTED FREE OF CHARGE BY THE HONG KONG SOCIETY FOR THE DEAF.
STAFF OF
IN ADDITION, THE MESSAGE: "PROTECT YOUR HEARING".
VISITORS
WERE GIVEN
A BOOKMARK WITH THE
/ORGANISED BY