XN000022-1973-08-01 — Page 24

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Wednesday, August 1, 1973

Earlier, Mr. Woo said that there were doubts standing in the way

of an organiser who wished to deal ad interim in commodities other than

those listed in the schedule of the bill.

Any initiative to provide such a market, he said, was likely to

be considerably inhibited by one of the clauses in the bill which enables

the Governor to add to the list of prohibited items by a notice in the gazette.

He pointed out that undue hardship for both the market and the

traders could be caused if the government could, without advance notice,

suddenly decide that trading in the futures of any unspecified commodity

was no longer to be allowed.

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