XN000022-1980-01-18 — Page 8

FRIDAY, JANUARY 18, 1980

7

COMMODITY DEALERS REQUIRED TO SUBMIT AUDITED ACCOUNTS

******

THE GOVERNMENT ANNOUNCED IN A GAZETTE NOTICE TODAY (FRIDAY) THAT SECTION 50 OF THE COMMODITIES TRADING ORDINANCE, WILL COME INTO FORCE ON JANUARY 30, 1980.

THE SECTION REQUIRES COMMODITY DEALERS WHOSE FINANCIAL YEARS END ON OR AFTER JANUARY 31, 1980 TO SUBMIT THE IR AUDITED ACCOUNTS TO THE COMMISSIONER FOR COMMODITIES TRADING WITHIN FOUR MONTHS OF THE IR ACCOUNTING YEAR-ENDS.

THE REQUIREMENT IS SIMILAR TO THAT IMPOSED ON DEALERS IN SECURITIES UNDER SECTION 88 OF THE SECURITIES ORDINANCE.

CLOSURE OF ACCESS ROAD IN CHAI WAN PROPOSED

*****

THE GOVERNMENT HAS PROPOSED TO CLOSE PART OF THE ROAD AND CERTAIN STEPS LEADING FROM CHAI WAN ROAD TO HING WAH ESTATE.

A SPOKESMAN FOR THE PUBLIC WORKS DEPARTMENT SAID TODAY THAT BEFORE CLOSING THE ROAD, A NEW ROAD ACCESS FROM HONG MAN STREET WOULD BE PROVIDED.

A NOTICE ABOUT THE PROPOSAL WAS PUBLISHED IN TODAY'S GAZETTE.

ANY OBJECTION AGAINST THE PROPOSAL MUST REACH THE OFFICE OF THE DIRECTOR OF PUBLIC WORKS BY FEBRUARY 18, 1980, AND ANY CLAIM FOR COMPENSATION BY MARCH 18, 1980.

LAYING OF WATER PIPELINE IN TSUEN WAN *****

THE WATER SUPPLIES DEPARTMENT IS INVITING TENDERS FOR THE LAYING OF A FRESH WATER PIPELINE BETWEEN CHAI WAN KOK AND SUNNY VILLA IN TSUEN WAN.

THE 2 800-METRE PIPELINE, WITH A DIAMETER OF 300 MM, WILL SERVE THE PROPOSED MAJOR RESIDENTIAL DEVELOPMENT IN THE AREA.

IT WILL ALSO AUGMENT THE EXISTING WATER SUPPLIES TO TIN KAU WHERE LOW WATER PRESSURE IS EXPERIENCED DURING PERIODS OF PEAK DEMAND.

WORK ON THE PROJECT WILL START IN APRIL AND WILL TAKE ABOUT 12 MONTHS TO COMPLETE.

-

18