17
MONDAY, OCTOBER 10, 1994
20
IN ADDITION TO INTERNATIONAL SECURITIES, LINKS WITH MORE DOMESTIC DOMESTIC MARKETS EXTEND EUROCLEAR SERVICES TO MANY AND EQUITY SECURITIES.
THAN
DEBT
THE SYSTEM SERVES OVER 2,700 FINANCIAL INSTITUTIONS ACTIVE INTERNATIONAL SECURITIES MARKETS.
IN
IN 1993, THE EUROCLEAR SYSTEM CELEBRATED 25 YEARS OF LEADERSHIP DEPOSITED AND WITH RECORD GROWTH TO US$1,470 BILLION OF SECURITIES TURNOVER (SETTLEMENTS) IN EXCESS OF US$17 TRILLION,
ATTENTION NEWS EDITORS:
A
PRESS BRIEFING WILL BE HELD AT 3 PM ON 30TH FLOOR, ROAD, HONG
PLEASE NOTE THAT THERE WILL BE NO KONG. PHOTO-TAKING DURING THE SESSION.
3 GARDEN
TV FILMING OR.
THE
COMMITMENT TO AN EFFICIENT TRANSPORT SYSTEM
FOR SECRETARY
TRANSPORT, MR HAIDER
THE BARMA, SAID GOVERNMENT WAS COMMITTED TO PROVIDING AN EFFICIENT TRANSPORT SYSTEM TO MEET THE ECONOMIC, SOCIAL AND RECREATIONAL NEEDS OF THE COMMUNITY.
J
THE
HE SAID: "OUR THREE PRONGED POLICY OBJECTIVE IS TO EXPAND
INFRASTRUCTURE, TRANSPORT
IMPROVE THE PUBLIC TRANSPORT SYSTEM AND MANAGE ROAD USE EFFECTIVELY."
ON TRAFFIC CONGESTION, MR BARMA SAID OVER THE PAST THREE YEARS,
CONTINUING THE NUMBER OF PRIVATE CARS INCREASED BY ONE-THIRD AND WAS TO INCREASE AT AN ANNUAL RATE OF 10 PER CENT.
ALREADY
MR BARMA SAID: "TRAFFIC SPEEDS IN SOME OF THE URBAN AREAS
DETERIORATING.
ARE
OF
GLOUCESTER
"IF NOTHING IS DONE, THE SITUATION WILL GET WORSE. IN SOME THE
SUCH AS THE GASCOIGNE ROAD FLYOVER AND MAJOR ROUTES, ROAD, TRAFFIC WILL EVEN GRIND TO A HALT, HE SAID.
MR
#1
BARMA SAID TRAFFIC CONGESTION WOULD HAVE SERIOUS SOCIAL AND ENVIRONMENTAL COSTS, CONGESTION ALREADY CAUSED LOSS OF 1,500 BUS TRIPS LAST YEAR.
ECONOMIC,
A DAILY
PUBLIC
MR BARMA SAID TO ADDRESS THE PROBLEM, A WORKING GROUP UNDER HIS
WAS CHAIRMANSHIP
WIDE FINALISING A PACKAGE OF PROPOSALS FOR CONSULTATION WITHIN THE NEXT FEW WEEKS.
INFRASTRUCTURE
EXPENDITURE SAID, IN GOVERNMENT
ON THE $30 BILLION TRANSPORT ANNOUNCED BY THE GOVERNOR IN HIS POLICY ADDRESS, MR BARMA
THE ADDITION TO THE AIRPORT CORE PROGRAMME ROAD PROJECTS, PLANNED TO COMPLETE FIVE MAJOR ROAD PROJECTS - TING KAU BRIDGE BY MID- 1997; ROUTE 3 COUNTRY PARK SEC ̃ON AND THE HUNG HOM BYPASS PRINCESS MARGARET ROAD LINK BY 1998; AND ROUTE 16 FROM CHEUNG SHA TO SHA TIN; AND THE WIDENING OF TOLO HIGHWAY FROM SHA TIN TO TAI PO BY 2000.
AND
WAN
/"IN PARALLEL