XN000022-1980-07-12 — Page 4

SATURDAY, JULY 12, 1980

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CASE REFERRED TO INSIDER DEALING TRIBUNAL

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THE FINANCIAL SECRETARY TODAY ANNOUNCED THAT, AFTER CONSIDERING A REPORT FROM THE SECURITIES COMMISSION, HE HAD REFERRED A CASE OF POSSIBLE INSIDER DEALING TO THE INSIDER DEALING TRIBUNAL.

THE TERMS OF REFERENCE CONCERNED REQUIRE THE TRIBUNAL TO INQUIRE INTO DEALINGS IN HUTCHISON WHAMPOA LTD. SHARES IN THE PERIOD IMMEDIATELY PRECEDING THE ANNOUNCEMENT ON SEPTEMBER 25 LAST YEAR OF THE SALE OF 90 MILLION SHARES.

THE PURPOSE OF THE INQUIRY IS TO DETERMINE, IN ACCORDANCE WITH THE PROVISIONS OF THE SECURITIES ORDINANCE, WHETHER CULPABLE INSIDER DEALING IN HUTCHISON WHAMPOA SHARES OCCURRED PRIOR TO THE FORMAL ANNOUNCEMENT OF THE SALE AND, IF SO, THE IDENTITY OF THE PERSON OR PERSONS INVOLVED IN SUCH INSIDER DEALING.

MR JUSTICE BARKER, A JUDGE OF THE HIGH COURT, IS THE CHAIRMAN OF THE TRIBUNAL. THE OTHER TWO MEMBERS WILL BE APPOINTED SHORTLY BY THE GOVERNOR.

IT IS EXPECTED THAT THE TRIBUNAL WILL HOLD ITS FIRST MEETING SHORTLY. AS PROVIDED BY THE SECURITIES ORDINANCE, THE TRIBUNAL'S HEARINGS WILL TAKE PLACE IN CAMERA AND ITS FINDINGS WILL BE SET OUT IN A REPORT WHICH WILL BE PUBLISHED.

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RECRUITMENT DRIVE FOR FIREMEN ****

THE FIRE SERVICES WILL LAUNCH A SIX-WEEK RECRUITMENT DRIVE ON MONDAY (JULY 14) TO TIE IN WITH ITS EXPANSION PROGRAMME.

+WE ARE LOOKING FOR ACTIVE, RESPONSIBLE AND PHYSICALLY-FIT YOUNG MEN TO FILL VACANCIES FOR FIREMEN, A FIRE SERVICES SPOKESMAN SAID TODAY.

+A FIREMAN HAS A CHALLENGING CAREER AND HAS THE OPPORTUNITY TO SERVE THE COMMUNITY BY PROTECTING LIVES AND PROPERTY, + HE SAID.

FOR THE CONVENIENCE OF APPLICANTS, THREE RECRUITING CENTRES WILL BE SET UP ON THE ISLAND, IN KOWLOON AND IN THE NEW TERRITORIES.

THE CENTRES