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TUESDAY, JUNE 17, 1975.
NUMBER OF RICE IMPORTERS TO BE INCREASED
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THE NUMBER OF RICE IMPORTERS IS TO BE INCREASED."
ANNOUNCING THIS TODAY, THE ACTING DIRECTOR OF COMMERCE AND INDUSTRY, MR. JIMMY MCGREGOR, SAID THAT CONSUMERS SHOULD BENEFIT FROM THE MOVE.
THERE ARE AT PRESENT 38 REGISTERED IMPORTERS OF RICE. MODIFICATION OF THE RICE CONTROL SCHEME - SCHEDULED FOR JANUARY 1976 - WILL ALLOW THE NUMBER TO BE INCREASED TO A MAXIMUM OF 45.
+WE BELIEVE THAT CONSUMERS WILL BENEFIT FROM THE ADDITION OF A REASONABLE NUMBER OF NEWCOMERS WITH BUSINESS EXPERIENCE AND KNOWLEDGE+, MR. MCGREGOR SAID.
HE EXPLAINED THAT THE DECISION TO REGISTER ADDITIONAL IMPORTERS OF RICE WAS MADE ON THE ADVICE OF THE TRADE AND INDUSTRY ADVISORY BOARD AND ITS RICE ADVISORY COMMITTEE, ADDING THAT THE CONSUMER COUNCIL HAD MADE A SIMILAR SUGGESTION LAST YEAR.
MR. MCGREGOR POINTED OUT THAT THERE WERE LIMITING FACTORS IN DETERMINING THE NUMBER OF NEWCOMERS TO THE TRADE. +WE MUST MAKE SURE THAT THE EXISTING PATTERN OF TRADE IS NOT DISRUPTED AND THAT EACH REGISTERED IMPORTER WILL HAVE SUFFICIENT BUSINESS TO MAKE IMPORTING OF RICE A VIABLE PROPOSITION.
+TRADE EXPERIENCE AND STABILITY ARE VITAL FACTORS IN PROTECTING THE PUBLIC INTEREST+ MR. MCGREGOR SAID. HE ADDED THAT THE RICE CONTROL SCHEME WAS SUBJECT TO ANNUAL REVIEW BUT HE DID NOT EXPECT THIS TO RESULT IN ANY FURTHER CHANGE IN THE NUMBER OF IMPORTERS FOR A CONSIDERABLE PERIOD OF TIME. +WE MUST CONTINUE, THEREFORE TO OPERATE THE SCHEME IN A WAY THAT WOULD ENSURE A STEADY SUPPLY OF RICE AND COMPETITIVE ENVIRONMENT FOR SALES+.
THOSE WHO WISH TO BECOME RICE IMPORTERS MUST COMPLETE CERTAIN FORMS GIVING DETAILS OF THEIR COMPANIES TO THE COMMERCE AND INDUSTRY DEPARTMENT. THESE FORMS ARE OBTAINABLE FREE OF \ CHARGE FROM THE DEPARTMENT. THOSE WHO HAVE APPLIED PREVIOUSLY ARE ELIGIBLE TO DO SO AGAIN PROVIDED THEY MEET THE FOLLOWING CRITERIA:
(A) THE APPLICANT FIRM MUST BE REGISTERED IN HONG KONG WITH
THE BUSINESS REGISTRATION OFFICE=
(B) IT MUST HAVE BEEN ACTIVELY ENGAGED IN THE IMPORT AND
EXPORT TRADE FOR AT LEAST 3 YEARS=
/(C) IT MUST
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