WEDNESDAY, NOVEMBER 11, 1992
FURTHER CONTROLS ON TOXIC MATERIALS ARE PROVIDED UNDER THE DANGEROUS GOODS ORDINANCE, THE MERCHANT SHIPPING (SAFETY) ORDINANCE AND THE WASTE DISPOSAL ORDINANCE, DEPENDING ON THEIR NATURE.
SHE ALSO SAID THE GOVERNMENT'S POLICY ON THE SHIPMENT OF
SUBSTANCES WAS NOT AFFECTED BY THE NATIONAL INTERESTS
RADIOACTIVE BRITAIN.
OF
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COMPANY INVESTIGATION POWER UNDER REVIEW
* * *
THERE HAVE BEEN ON-GOING DISCUSSIONS BETWEEN THE SECURITIES AND FUTURES COMMISSION AND THE ADMINISTRATION ON SOME PROPOSED LEGISLATIVE AMENDMENTS TO ALLOW THE POWERS OF INVESTIGATION TO BE EXERCISED MORE EFFECTIVELY.
THIS WAS STATED BY THE SECRETARY FOR MONETARY AFFAIRS, MR DAVID NENDICK, IN A WRITTEN REPLY TO A QUESTION BY THE HON EMILY LAU IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
MR NENDICK SAID MEMBERS WOULD BE ABLE TO EXAMINE THE DETAILED PROPOSALS ON THE POWER OF INVESTIGATION UNDER THE RELEVANT SECTIONS OF THE COMPANIES ORDINANCE AND/OR OTHER ORDINANCES WHEN A BILL IS SUBMITTED TO LEGCO.
MR NENDICK SAID UNTIL CONCRETE PROPOSALS WERE DEVELOPED, IT WAS PREMATURE TO SAY WHETHER OR NOT ANY FURTHER LEVY, IN ADDITION TO THE PRESENT TRANSACTION AND THE SPECIAL LEVIES WOULD HAVE TO BE ENVISAGED TO FUND THE INVESTIGATION WORK.
"BUT I AM CONSCIOUS OF THE NEED TO ENSURE THAT THE HONG KONG SECURITIES MARKETS REMAIN COMPETITIVE AS FAR AS INTERMEDIATION COSTS ARE CONCERNED," HE SAID,
THERE WERE THREE INSPECTIONS CONDUCTED OVER THE PAST 10 YEARS UNDER THE SECURITIES ORDINANCE.
THE TOTAL COSTS FOR THE THREE INSPECTIONS AMOUNTED TO ABOUT $47 MILLION AND THE TIME TAKEN BY THE INSPECTORS TO COMPLETE THEIR TASKS VARIED FROM SEVEN-AND-A-HALF MONTHS TO FOUR YEARS AND TWO MONTHS.
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ADEQUATE AIR SERVICE BETWEEN HONG KONG AND TAIWAN
THE EXISTING AIR PASSENGER AND FREIGHT SERVICES BETWEEN HONG KONG AND TAIWAN ARE GENERALLY ADEQUATE TO COPE WITH CURRENT DEMANDS.
THIS WAS STATED BY THE ACTING SECRETARY FOR ECONOMIC SERVICES, MRS ELIZABETH BOSHER, IN A WRITTEN REPLY TO A QUESTION BY DR THE HON HUANG CHEN-YA IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY),
BE
ON WHETHER IMPROVEMENT PLAN FOR SUCH SERVICES WILL CONTEMPLATED, MRS BOSHER SAID THE PLANNING OF ADDITIONAL SERVICES TO MEET INCREASING DEMAND WAS A MATTER FOR THE AIRLINES IN WHICH GOVERNMENT DID NOT INTERVENE.
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