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Hong Kong Securities Clearing Company appointment
A Financial Services Branch spokesman announced today (Wednesday) that the Financial Secretary had appointed Mr Peter Wong Hong-yuen as an independent director of the Hong Kong Securities Clearing Company Limited (HKSCC) upon the resignation of Mr Derek Murphy with effect from January 31, 1997 until the 1998 Annual General Meeting of the HKSCC.
The spokesman added that Mr Murphy had made very valuable contributions to the Company and his work on the Board has been much appreciated.
Under the Articles of Association of the HKSCC, the Financial Secretary may at any time appoint not more than five persons as directors of the HKSCC to represent the public interest. In addition to Mr Wong, the other four independent directors are Professor Chan Yuk-shee, Messrs Denis M P C Ho, Stuart H Leckie and Michael Liu.
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Places of public entertainment licenses to be exhibited
The Places of Public Entertainment (Amendment) Regulation 1997, which seeks to require a licensee to exhibit his places of public entertainment license in a conspicuous position at the entrance of the premises to which the license relates, was published in the Gazette today (Wednesday).
Under the Places of Public Entertainment Ordinance (PPEO) and its subsidiary legislation, the Urban Council and the Regional Council are the licensing authorities in their respective areas.
"To inform users of the licensing status and for the purpose of better enforcement of the PPEO and its subsidiary legislation, the Municipal Councils have decided that all licensees of places of public entertainment should be required to display their licenses at the premises to which the licenses relate," a Government spokesman said.
"While the Municipal Councils can require the display of licenses as aforesaid by imposing new conditions upon the grant of new licenses, they cannot do so in respect of those existing licenses.