XN000022-1974-06-04 — Page 6

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PRESS VISIT TO SHA TSUI DETENTION CENTRE

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NOTE TO EDITORS:

ARRANGEMENTS HAVE BEEN MADE FOR MEDIA REPRESENTATIVES TO VISIT THE SHA TSUI DETENTION CENTRE ON LANTAU ISLAND ON FRIDAY (JUNE 7).

THE CENTRE WAS OPENED IN JUNE 1972 FOR THE PURPOSE OF ACCOMMODATING YOUNG OFFENDERS BETWEEN THE AGES OF 14 AND 21 AND WHO HAVE NOT PREVIOUSLY BEEN IN EITHER A PRISON, A TRAINING CENTRE OR A DETENTION CENTRE.

TO ENABLE ADEQUATE TRANSPORT FACILITIES TO BE ARRANGED, YOU ARE REQUESTED TO SUBMIT THE NAMES OF YOUR REPRESENTATIVES TO THE G.I.S. NEWS DIVISION NOT LATER THAN 12.00 NOON ON WEDNESDAY, JUNE 5.

THE PRISONS DEPARTMENT WILL PROVIDE BOTH SEA AND LAND TRANSPORTS TO TAKE THE PRESS PARTY TO THE CENTRE WHICH IS HOUSED IN ACCOMMODATION PREVIOUSLY USED BY THE SHEK PIK TRAINING CENTRE.

THE PRISONS DEPARTMENT'S LAUNCH WILL LEAVE QUEEN'S PIER, EDINBURGH PLACE, HONG KONG ISLAND AT 9.00 A.M. ON FRIDAY, JUNE 7, FOR SILVERMINE BAY.

THE LAUNCH IS EXPECTED TO BRING MEMBERS OF THE MEDIA BACK TO HONG KONG BY 2.30 P.M.

LIGHT REFRESHMENT WILL BE SERVED AT THE CENTRE AT THE END OF THE VISIT AND MEMBERS OF THE MEDIA WILL BE ALLOWED TO TAKE PICTURES.

DURING THE VISIT, MR. TOM GARNER, COMMISSIONER OF PRISONS, WILL BE PRESENT TO BRIEF THE VISITORS.

FORMATION OF FINANCIAL MANAGEMENT COMMITTEE

AND APPOINTMENT OF FINANCIAL ADVISERS

TO THE MASS TRANSIT RAILWAY PROVISIONAL AUTHORITY

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THE MASS TRANSIT RAILWAY PROVISIONAL AUTHORITY ANNOUNCED TODAY THAT IT HAS APPOINTED TWO MERCHANT BANKS, NAMELY KLEINWORT, BENSON LIMITED OF LONDON AND WARDLEY LIMITED OF HONG KONG, TO BE ITS FINANCIAL ADVISERS.

THE TWO MERCHANT BANKS WILL PROVIDE THEIR SERVICES THROUGH THE APPOINTMENT EACH OF A REPRESENTATIVE WHO WILL WORK FULL-TIME WITH THE PROVISIONAL AUTHORITY. IN ADDITION, THE PROVISIONAL AUTHORITY HAS AGREED TO APPOINT A FINANCIAL MANAGEMENT COMMITTEE TO OVERSEE THE PLACING OF LOANS ON THE INTERNATIONAL MONEY MARKET AND TO WORK OUT LOAN-SERVICING ARRANGEMENTS.

THE FINANCIAL SECRETARY WILL BE THE CHAIRMAN AND ITS MEMBERSHIP WILL INCLUDE THE CHAIRMAN OF THE PROPOSED MASS TRANSIT RAILWAY CORPORATION (WHEN APPOINTED) AS WELL AS MEMBERS OF THE PROVISIONAL AUTHORITY AND REPRESENTATIVES OF THE TWO MERCHANT BANKS.

THE COMMITTEE IS EXPECTED TO BE CONVENED EARLY THIS MONTH.

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