XN000022-1978-04-02 — Page 5

SUNDAY, APRIL 2, 1978

BANK NOTES ISSUE ORDINANCE AMENDED

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A BILL, BANK NOTES ISSUE (AMENDMENT) BILL, PROPOSING TO REMOVE THE TIME LIMIT WITHIN WHICH THE NOTE ISSUING BANKS MAY MAKE, ISSUE, REISSUE AND CIRCULATE CURRENCY NOTES HAS BEEN PUBLISHED IN THE GOVERNMENT GAZETTE.

THE NOTE ISSUING BANKS EXTENSION OF POWERS ORDINANCE WAS ENACTED IN 1939 AND AUTHORISED THE LEGISLATIVE COUNCIL TO EXTEND THE NOTE ISSUING POWERS OF BANKS FOR ANY PERIOD NOT EXCEEDING 12 MONTHS.

THE EFFECT OF THIS LEGISLATION HAS BEEN THAT EVERY YEAR THE LEGISLATIVE COUNCIL HAS TO BE INVITED TO EXTEND THE POWERS OF THE NOTE ISSUING BANKS FOR 12 MONTHS AT A TIME.

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A GOVERNMENT SPOKESMAN SAID THAT IN PRACTICE, THE COUNCIL HAD NO ALTERNATIVE TO AGREEING THE EXTENSION OR ELSE THERE WOULD BE NO BANK NOTE ISSUE.

HE SAID THE TIME LIMIT AND THE CONSEQUENT ANNUAL EXTENSIONS DID NOT SERVE ANY USEFUL PURPOSE AND THE TIME LIMIT WAS BEING REMOVED SO THAT THE NOTE ISSUING BANKS WOULD CONTINUE THIS FUNCTION UNTIL THE LEGISLATIVE COUNCIL DECIDED OTHERWISE.

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WINNERS OF INTER-CENTRE CONTEST SHOW THEIR SKILLS

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FASHION SHOW, FOLK SONGS, DRAMA, ORIENTAL AND WESTERN FOLK DANCES OF THE WINNERS PERFORMANCE STAGED THIS (SUNDAY) AFTERNOON AT CARITAS HOUSE, CAINE ROAD, HIGHLIGHTED THE SUCCESSFUL COMPLETION OF THE SOCIAL WELFARE DEPARTMENT'S INTER-CENTRE COMPETITION.

TROPHIES AND SOUVENIRS FOR THE WINNING TEAMS AND INDIVIDUALS WERE PRESENTED AFTER THE SHOW BY THE DIRECTOR OF SOCIAL WELFARE, MR. THOMAS LEE, AND THE SENIOR PRINCIPAL SOCIAL WELFARE OFFICER, MR. HENRY AU.

THE CONTEST, AN ANNUAL FUNCTION ORGANISED BY THE DEPARTMENT'S GROUP AND COMMUNITY WORK DIVISION, BEGAN TWO MONTHS AGO, AND IS AIMED AT AROUSING INTEREST IN RECREATIONAL AND CULTURAL ACTIVITIES AS WELL AS FOSTERING FRIENDSHIP AMONG MEMBERS CF CLUBS AND SERVICE GROUPS.

THE MATCHES, WHICH TOOK PLACE AT VARIOUS PLAYGROUNDS AND COMMUNITY CENTRES DURING THE LAST TWO MONTHS, INCLUDED ORIENTEERING, JUDO, BASKETBALL, FOLK DANCE, FOLK SONG, DRAMA, DRESS-MAKING, RIBBON FLOWER MAKING CRAFT AND POSTET DÉSIGN.

THERE WERE 460 PARTICIPANTS, RECRUITED FROM 26 UNITS OF THE DIVISION.

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