WEDNESDAY, AUGUST 8, 1990

FIRST EXEMPTION MADE TO FREEZING ORDER

*

PURSUANT TO THE

THE FINANCIAL SECRETARY HAS GIVEN PERMISSION TERMS OF THE ORDER IN COUNCIL FOR CERTAIN DEALS INVOLVING IRAQI COUNTERPARTIES THAT WERE ENTERED INTO PRIOR TO 9 TIME ON AUGUST 7, 1990 TO BE COMPLETED, A TODAY (WEDNESDAY).

ENTERED THOSE

THAN

KUWAITI OR

AM HONG KONG GOVERNMENT SPOKESMAN SAID

INTO IN THE MONEY, FOREIGN "THE DEALS ARE

PHYSICAL OIL) AND SECURITIES EXCHANGE, COMMODITIES (OTHER MARKETS, INCLUDING DERIVATIVES, AND PAYMENT INSTRUCTIONS RECEIVED IMMEDIATE EXECUTION," HE SAID.

FOR

PORT DEVELOPMENT BOARD MAKES PROGRESS

*

THE PORT DEVELOPMENT BOARD HAS FORMED THREE COMMITTEES INAUGURAL MEETING TODAY (WEDNESDAY),

THE GOVERNOR, IN HIS POLICY ADDRESS TO THE LEGISLATIVE IN OCTOBER LAST YEAR, ANNOUNCED THE FORMATION OF THE BOARD.

OF THE

BOARD,

MR

GRAY, SAID JOHN THE CHAIRMAN CONSIDERED AT THE FIRST MEETING WERE MAINLY PROCEDURAL.

"WE HAD TO SEEK AGREEMENT ON THE

IN ITS

COUNCIL

THE ITEMS

ADMINISTRATIVE

TERMS

OF

REFERENCE

SYSTEMS

AND

NATURE,

||

THAT CLEARLY SEEKING MR

UNDER ITS WILL ADOPT THE BOARD IDENTIFY CHANNELS FOR PROVIDING ADVICE, AND MORE IMPORTANTLY,

VERY TECHNICAL IN INFORMATION WHICH MAY FREQUENTLY BE GRAY SAID.

THE OPTIMUM WAY ΤΟ GAIN THE "IT WAS THEREFORE AGREED THAT

OF VIEWS

WAS USERS,

BY INFORMATION REQUIRED AND RECEIVE THE FORMING SPECIALIST COMMITTEES UNDER THE BOARD,

11

PORT HE ADDED.

THESE COMMITTEES WILL BE GIVEN SPECIFIC OBJECTIVES AND FRAME TO COMPLETE THEIR WORK.

A TIME

BOARD PRIVATE FOR SERVICES TOGETHER

"THEY WILL BE CHAIRED BY A BOARD MEMBER SUPPORTED BY THE OF AND BE COMPOSED

REPRESENTATIVES SECRETARIAT, ORGANISATIONS AND INTEREST GROUPS INVOLVED IN PORT

MR GRAY SAID. WITH RELEVANT GOVERNMENT DEPARTMENTS,

"I

ACTIVITIES"

++

SHIP REPAIR

"MIDSTREAM

AND BENJAMIN

OPERATIONS"

MR PETER

THE COMMITTEES FORMED TODAY WILL BE DEALING WITH

AND FACILITIES", "RIVER

MR WONG, DAVID

TRADE

THEY WILL BE CHAIRED BY MR THOMPSON RESPECTIVELY.

BE WILL

FORMED

AS

WORK

OF

THE PORT

OTHER COMMITTEES

DEVELOPMENT BOARD PROGRESSES.

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