MONDAY, MAY 25, 1992
TO IMPROVE
WITH REGARD ΤΟ MEASURES
TRAFFIC FLOW IN THE NORTHWEST NEW TERRITORIES, THE SPOKESMAN SAID: "IN THE SHORT TERM, WORK IS IN HAND TO IMPROVE SECTIONS OF CASTLE PEAK ROAD BETWEEN YUEN LONG AND TUEN MUN, TO IMPROVE ROAD JUNCTIONS AND TO RE-ROUTE TRAFFIC IN SOME AREAS.
"IN THE LONGER TERM, FURTHER IMPROVEMENTS WILL BE MADE TO CASTLE PEAK ROAD AND SECTIONS OF ROUTE 5 AT SHEK WAI KOK AND CHAI WAN KOK, HE SAID.
THE SPOKESMAN ALSO POINTED OUT THAT THE YUEN LONG-TUEN MUN EASTERN CORRIDOR AND YUEN LONG WEST LINK WOULD BE COMPLETED IN AUGUST NEXT YEAR AND THE YUEN LONG SOUTHERN BYPASS IN JUNE 1994.
HE SAID THIS WOULD BE FOLLOWED BY THE COMPLETION OF THE TIN SHUI WAI WEST ACCESS IN JULY
1995. THESE PROJECTS WOULD GREATLY RELIEVE CONGESTION IN THE AREA.
IN ADDITION, THE GOVERNMENT IS STUDYING THE POSSIBILITY OF BUILDING THE ROUTE 3 (COUNTRY PARK SECTOR), FROM AU TAU TO TSING
YI, AS A PRIVATISED PROJECT.
THIS WILL GREATLY RELIEVE THE CONGESTED TUEN MUN HIGHWAY APART FROM PROVIDING AN IMPORTANT NORTH-SOUTH EXPRESSWAY BETWEEN HONG KONG AND CHINA.
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APPOINTMENT TO ADVISORY COMMITTEE TO
SECURITIES AND FUTURES COMMISSION * * * * *
VICTOR CHU, PAUL FAN, PHILIP ADVISORY COMMITTEE TO THE FROM JUNE 1 THIS YEAR ΤΟ
THE GOVERNOR HAS APPOINTED MESSRS GRAY AND KEVIN WESTLEY AS MEMBERS OF THE SECURITIES AND FUTURES COMMISSION (SFC) MAY 31 NEXT YEAR, THE SECRETARY FOR MONETARY AFFAIRS, MR DAVID NENDICK, ANNOUNCED TODAY (MONDAY).
EIGHT OF THE CURRENT MEMBERS HAVE BEEN RE-APPOINTED FOR A FURTHER TERM OF ONE YEAR FROM JUNE 1.
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THEY ARE MESSRS RONALD ARCULLI CHAN SUN-SUN, RAYMOND KWOK, CHARLES SOO, RICHARD MARGOLIS, LINCOLN YUNG, ZHOU ZHEN-XING AND WATARU YAMAGUCHI.
THE COMMITTEE CONSISTS OF 15 MEMBERS, NAMELY 12 MARKET MEMBERS APPOINTED BY THE GOVERNOR, TWO SFC EXECUTIVE DIRECTORS APPOINTED BY SFC AND THE CHAIRMAN OF SFC WHO PRESIDES AT THE COMMITTEE MEETINGS.
"THE MARKET MEMBERS ARE DRAWN FROM A CROSS-SECTION OF THE SECURITIES INDUSTRY AND FROM THE PROFESSIONS TO ADVISE THE SFC ON MATTERS OF POLICY AND MARKET DEVELOPMENT, MR NENDICK SAID.
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MR NENDICK ALSO PAID TRIBUTE то THE FOUR OUTGOING MEMBERS, MESSRS VICTOR FUNG, PETER NORRIS, LINCOLN SOO AND ROBERT THOMAS FOR THEIR INVALUABLE ADVICE TO THE COMMISSION OVER THE PAST YEARS.
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