XN000022-1984-10-20 — Page 2

SATURDAY, OCTOBER 20, 1984

TRIBUNAL TO INQUIRE INTO ICH SHARES DEALINGS

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THE FINANCIAL SECRETARY TODAY (SATURDAY) ANNOUNCED THAT, AFTER CONSIDERING A RECOMMENDATION FROM THE SECURITIES COMMISSION, HE HAD DECIDED TO REFER A POSSIBLE CASE OF INS I DER DEALINGS TO THE INSIDER DEALING TRIBUNAL.

HE ADDED THAT THE TRIBUNAL WILL SOON BE APPOINTED TO INQUIRE INTO DEALINGS IN THE SHARES OF INTERNATIONAL CITY HOLDINGS LTD. (+ICH+) OVER A SPECIFIED PERIOD.

THE PURPOSE OF THE INQUIRY WILL BE TO DETERMINE IN ACCORDANCE WITH THE PROVISIONS OF THE SECURITIES ORDINANCE, WHETHER CULPABLE

INSIDER DEALING IN ICH OCCURRED DURING THE SPECIFIED PERIOD, AND IF SO, THE IDENTITY OF THE PERSONS INVOLVED, AND THE EXTENT OF THE IR CULPABILITY.

THE FINANCIAL SECRETARY SAID THAT HE EXPECTED THAT THE TRIBUNAL WOULD 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.

UNTIL THE INQUIRY IS COMPLETED AND THE REPORT IS PUBLISHED THE ISSUE IS PURELY CONJECTURAL. IT WOULD BE MOST UNFAIR FOR THERE TO BE ANY DEGREE OF PREJUDGMENT. THE PRESENT POSITION WAS SIMPLY THAT A FORMAL INQUIRY WOULD BE CONDUCTED.

ID CARD REMINDER TO WOMEN BORN IN 1955, 1956

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WOMEN BORN IN 1955 AND 1956 WERE TODAY (SATURDAY) REMINDED TO APPLY FOR NEW I.D. CARDS BEFORE THE 15TH PHASE OF THE NEW 1.D. CARD ISSUE SCHEME CLOSES ON NOVEMBER 3 (SATURDAY).

+SINCE THE START OF THIS PHASE, WE HAVE PROCESSED MORE THAN 72 000 APPLICATIONS AND WE EXPECT TO RECEIVE ABOUT 30 800 MORE IN THE NEXT TWO WEEKS,+ A SPOKESMAN FOR THE IMMIGRATION DEPARTMENT SAID.

APPLICANTS WERE URGED TO CALL AT ANY OF THE EIGHT ISSUE OFFICES AS SOON AS POSSIBLE TO AVOID LAST MINUTE RUSH.

THE OFFICES ARE OPEN FROM 8 AM TO 9.30 PM, MONDAY TO SATURDAY. +THOSE WHO DO NOT HAVE TO WORK IN THE DAYTIME ARE ADVISED TO MAKE THE IR VISITS DURING NORMAL OFFICE HOURS, THE SPOKESMAN SAID.

THEY SHOULD BRING ALONG THE IR OLD I.D. CARDS AND BE PREPARED TO PROVIDE PERSONAL INFORMATION INCLUDING THE IR BUSINESS AND RESIDENTIAL ADDRESSES.

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