XN000022-1976-11-13 — Page 2

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SATURDAY, NOVEMBER 13, 1976

FORUM ON COMMODITIES TRADING ORDINANCE

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A SPOKESMAN FOR THE OFFICE OF THE COMMISSIONER FOR SECURITIES TODAY STATED THAT IT IS INTENDED TO HOLD A FORUM ON THE COMMODITIES TRADING ORDINANCE IN THE LEGISLATIVE COUNCIL CHAMBER AT 3.30 P.M. ON FRIDAY, NOVEMBER 19, 1976.

REPRESENTATIVES OF THE OFFICE OF THE COMMISSIONER FOR COMMODITIES TRADING, THE HONG KONG COMMODITY EXCHANGE AND CLEARING HOUSE WILL BE PRESENT TO ANSWER QUESTIONS.

THOSE WHO WISH TO ATTEND ARE REQUESTED TO TELEPHONE 5-259361 FOR RESERVATION. SIMULTANEOUS TRANSLATION FACILITIES WILL BE AVAILABLE.

RIVER TRAINING SCHEME ON LANTAU *****

THE GOVERNMENT HAS EARMARKED $2.5 MILLION TO COMPLETE THE TUNG CHUNG RIVER TRAINING SCHEME ON LANTAU, THE ISLANDS DISTRICT OFFICER, MR. DAVID TSUI, SAID TODAY.

MR. TSUI SAID HE HAD INFORMED MEMBERS OF THE TUNG CHUNG RURAL COMMITTEE THIS WEEK THAT SUBJECT TO EXECUTIVE COUNCIL'S APPROVAL OF THE RESUMPTION OF ABOUT 60,000 SQUARE FEET OF LAND, WORK WILL BEGIN ON THE PROJECT SOON.

THE FIRST STAGE OF THE PROJECT, WHICH WAS COMPLETED THREE YEARS AGO, WAS SUCCESSFUL IN PREVENTING FLOODING OF THE UPSTREAM SECTION OF THE RIVER.

+BUT THE NEXT TWO STAGES ARE NEEDED TO PROTECT THE FARMERS AND THEIR LAND FURTHER DOWNSTREAM,+ HE SAID.

+WE EXPECT THAT WORK WILL COMMENCE SOON AND CARRY OVER THE NEXT TWO DRY SEASONS TO COMPLETE THE TRAINING OF THE RIVER TO THE SEA.

+ THE FIRST STAGE OF THE SCHEME HAS ALREADY PRODUCED GREAT BENEFITS AND THE FINAL TWO STAGES WILL BRING EVEN GREATER IMPROVEMENTS FOR THE LOCAL PEOPLE.+

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