XN000022-1973-02-16 — Page 7

Friday, February 16, 1973

Mr. Hume stressed that condition (5) is most important, and that if

the flow of draft prospectuses is uneven or excessive, there are certain to

be delays.

"Draft prospectuses received by the Companies Registry", said

Mr. Hume, will be given serial numbers and will be examined in strict

numerical order.

"A draft will, however, lose its priority if it requires substantial

alteration or if a second draft has to be prepared."

GOVERNOR TO BE FIRST PRESIDENT OF POLYTECHNIC

The Governor, Sir Murray MacLehose, has accepted an invitation by

the Board of Governors of the Polytechnic to become its first President.

Announcing this, the Board Chairman, Dr. S.Y. Chung, said the

Governor's association with the Polytechnic in this way would give an added

measure of prestige to the Polytechnic itself and perhaps more importently,

to the students enrolled there.

**This is a welcome development," Dr. Chung said, "in keeping with

the general intention to upgrade the status of technical education in Hong

Kong."

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