WEDNESDAY, AUGUST 7, 1985
15
+WE HAVE TRIED TO STRIKE A BALANCE BETWEEN THE EXCHANGE AND ITS SHAREHOLDERS. AND WE HAVE BEEN EVER CONSCIOUS OF THE NEED TO SAFEGUARD THE INTEREST OF THE INVESTORS.
+THE UNDERLYING PHILOSOPHY OF THE FUND IS THAT THERE SHOULD BE A COLLECTIVE RESPONSIBILITY ON THE PART OF THE MEMBERS OF THE EXCHANGE TOWARDS THE INVESTING PUBLIC, HE SAID.
AS FOR MR CHEUNG'S CONCERN ABOUT THE BURDENS AND LIABILITIES ON SHAREHOLDERS, MR JACOBS SAID THE PROPOSALS WERE NOT TOO ONEROUS AND HAD BEEN ACCEPTED BY THE EXCHANGE.
THE BILL WAS PASSED.
BILL WITHDRAWN
***
THE DANGEROUS GOODS (AMENDMENT) BILL 1985 WAS WITHDRAWN,
IN ACCORDANCE WITH STANDING ORDER NO. 52 OF THE LEGISLATIVE COUNCIL, BY THE SECRETARY FOR SECURITY, THE HON GORDON MORTIMER, TODAY.
SPEAKING AT THE RESUMED DEBATE ON THE BILL, MR MORTIMER EXPLAINED THAT HE WAS WITHDRAWING THE BILL FOR TECHNICAL REASONS AFTER RECONSIDERING THE NEED FOR THE CHANGES PROPOSED IN THE BILL.
SUPPORT FOR PRIVATE SECTOR CAR TESTING ****
PRIVATE CARS MAINTAINED IN GOOD CONDITION WOULD CONTRIBUTE GREATLY TO ROAD SAFETY AND REDUCE TRAFFIC CONGESTION DUE TO BREAKDOWNS, THE HON F.K. HU SAID IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
+ADDITIONAL GOVERNMENT VEHICLE EXAMINATION CENTRES WILL REQUIRE A CONSIDERABLE AMOUNT OF CAPITAL EXPENDITURE AND RECURRENT COST WHILE UTILISATION OF PRIVATE SECTOR CENTRES UNDER A PROPERLY MONITORED SCHEME CAN ACHIEVE THE SAME OBJECTIVES IMMEDIATELY AND WITHOUT ANY NET EXPENDITURE FROM PUBLIC FUNDS,+ HE ADDED.
HE NOTED THE ROAD TRAFFIC (AMENDMENT) BILL MADE THIS ARRANGEMENT POSSIBLE.
/+THIS BILL
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