7

FRIDAY, JULY 13, 1990

UP

WOULD THE SETTING

OF AN INDEPENDENT SHIPPING REGISTER

OF THE JOINT THEREFORE MARK AN IMPORTANT STEP IN THE IMPLEMENTATION

CENTRE DECLARATION AS WELL AS ENHANCE HONG KONG'S STATUS AS A LEADING OF SHIPPING AND MARITIME COMMERCE, CAPT JESTICO SAID.

OF GOOD RECOGNISED

HE STRESSED THE IMPORTANCE OF ESTABLISHING A REGISTER

SPECIFY REPUTE WHICH WOULD

AND

INTERNATIONALLY ENFORCE STANDARDS OF SHIP CONSTRUCTION, EQUIPMENT, MAINTENANCE AND SAFETY.

"IN NO SENSE WILL THE NEW REGISTER BE A EITHER NOW OR IN THE FUTURE,

"

HF

SAID,

CONVENTIONS FOR SAFETY

AT SEA

FLAG OF CONVENIENCE,

IMO THE THAT ADDING PROTECTION

THE MARINE OF

AND THE

ENVIRONMENT WOULD BE FULLY INCORPORATED IN HONG KONG'S LEGISLATION.

CONCERNED, THERE WOULD BE

NO

MEMBER

OF

HE SAID SO FAR AS MANNING WAS NATIONALITY OR RESIDENCE REQUIREMENT FOR THE MASTER OR ANY THE CREW.

ON THE FINANCIAL SIDE, CAPT JESTICO SAID THE FEES

ΤΟ PAY WOULD BE WHICH SHIPOWNERS WOULD BE REQUIRED RECOVER COSTS RATHER THAN TO RAISE REVENUE.

AND CHARGES CALCULATED

то

DETAILS ON TAXATION WOULD BE ANNOUNCED IN OCTOBER, HE ADDED.

ALSO

THE ATTENDING

RECEPTION

WERE

HONG

KONG GOVERNMENT'S DIRECTOR MARINE ADVISER IN LONDON, MR DERRICK HALL, AND THE ASSISTANT OF MARINE, MR JOHN TSE.

THE GUESTS INCLUDED MR D.A. DEARSLEY OF THE GENERAL COUNCIL OF OF MESSRS JOHN SWIRE & SONS; BRITISH SHIPPING; MR G.A. HAVILLAND

OF SHIPPING; CHAMBER HORROCKS MR J.C.S. M.T. STEELE OF WESCOL INTERNATIONAL MARINE SERVICES.

OF INTERNATIONAL

AND MR

FUNDS FOR A TECHNOLOGY CENTRE APPROVED

(FRIDAY) APPROVED THE FINANCE COMMITTEE CONSTRUCTING AND OPERATING A TECHNOLOGY CENTRE.

TODAY

FUNDS

FOR

THE FUNDS ARE IN THE FORM OF A GRANT OF $250 MILLION AND A LOAN OF $188 MILLION FROM THE CAPITAL INVESTMENT FUND.

APPROVED

THE CENTRE AND METRES OF FA PO STREET

IN FEBRUARY THIS YEAR, THE EXECUTIVE COUNCIL HAD SETTING UP OF A STATUTORY CORPORATION FOR THE TECHNOLOGY 5,600 SQUARE THAT A

TREATY PRIVATE GOVERNMENT LAND AT THE JUNCTION OF TAT CHEE AVENUE AND SHOULD BE MADE TO THE STATUTORY CORPORATION AT NOMINAL PREMIUM.

GRANT OF ABOUT

/A SPOKESMAN

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