-
18
WEDNESDAY, JANUARY 23, 1991
"THERE
SHOULD BE NO DISCRIMINATION
BETWEEN NEGOTIABLE BOTH OF
RECEIPTS AND OTHER DOCUMENTS EVIDENCING DEPOSITS OF MONEY WHICH ARE INCLUDED IN THE EXISTING DEFINITION OF SECURITIES, AND BILLS OF EXCHANGE BECAUSE THEY ARE SIMILAR,
HE SAID.
CONTRACTS
AS REGARDS FOREIGN EXCHANGE CONTRACTS AND FUTURES
OF HE EXPLAINED THAT THEY WERE USED TO HEDGE AGAINST ACTUAL PURCHASES
ON SUCH A FOREIGN CURRENCIES AND SHARES AND IF A PROFIT WAS MADE CONTRACT, A CORRESPONDING LOSS WOULD GENERALLY HAVE BEEN SUFFERED THE ACTUAL CURRENCIES OR STOCKS HELD.
"HEDGING IS REGARDED AS AN ESSENTIAL AND INSEPARABLE PART MANAGING THESE TYPES OF INVESTMENT," HE ADDED.
ON
OF
THE INLAND REVENUE (AMENDMENT) (NO. 2) BILL WILL BE GAZETTTED
1) AND
TO IS DUE
BE
INTO NEXT FRIDAY (FEBRUARY LEGISLATIVE COUNCIL ON FEBRUARY 27.
INTRODUCED
THE
MARINE LITTERING AN OFFENCE
THE MARINE DEPARTMENT TODAY MASTERS OF VESSELS AND THE GENERAL PUBLIC THAT MARINE LITTERING IS OFFENCE.
REMINDED (WEDNESDAY)
OWNERS AND
AN
KONG FERRY (HOLDINGS) THE REMINDER WAS ISSUED AFTER THE HONG
MR MAGISTRATE
HUGH COMPANY
WAS FINED LIMITED
$25,000 BY WESTERN
RUBBISH IN THE WATERS OF SINCLAIR YESTERDAY (TUESDAY) FOR DUMPING HONG KONG.
LITTERING
MR
THE MARINE OFFICER (PROSECUTIONS) OF THE MARINE DEPARTMENT,
IN THE JIM HAYMAN, SAID: "THE MAXIMUM PENALTY FOR MARINE
12 MONTHS" WATERS OF HONG KONG BY A COMPANY IS A FINE OF $50,000 AND IMPRISONMENT FOR THE OWNER OR MASTER OF A VESSEL.
"FOR ANY PERSON CONVICTED OF THE OFFENCE, THE IS A FINE OF $10,000 AND SIX MONTHS' IMPRISONMENT.'
MAXIMUM PENALTY
1989. 27,
SAILORS OF THE THE CASE OCCURRED ON AUGUST
HONG BAGS AND KONG FERRY "MAN SANG" DUMPED SOFT DRINK CONTAINERS, PLASTIC
FERRY WAS APPROACHING PENG ASSORTED TRASH INTO THE WATER, WHEN THE CHAU.
THE DUMPING WAS WITNESSED BY A GROUP OF PEOPLE ON BOARD A YACHT INCLUDING AN OFFICER FROM THE ENVIRONMENTAL PROTECTION DEPARTMENT REPORTS WERE MADE TO THE MARINE DEPARTMENT.
AND
/19