XN000022-1985-10-24 — Page 6

THURSDAY, OCTOBER 24, 1985

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THE FINES IMPOSED FOR ANY FAILURE BY A DEALER OR AN INVESTMENT ADVISER TO EXHIBIT HIS CERTIFICATE OF REGISTRATION HAVE ALSO BEEN REVISED UNDER THE AMENDED REGULATIONS,

THE SPOKESMAN POINTED OUT THAT THE FEES RELATING TO REGISTRATION OR RENEWAL OF REGISTRATION OF COMMODITY DEALERS, ADVISERS AND THEIR REPRESENTATIVES HAVE NOT BEEN REVISED SINCE THEY WERE FIRST SET IN 1976. THEY HAVE NOW BEEN SET ON A COST RECOVERY BASIS AFTER A DETAILED EXAMINATION BY GOVERNMENT. THESE NEW FEES ALSO TAKE INFLATION INTO ACCOUNT.

BOARD MEMBERS LEARN ABOUT GOVERNMENT STRUCTURE

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THE CITY AND NEW TERRITORIES ADMINISTRATION TODAY (THURSDAY) ORGANISED A SEMINAR TO ENABLE DISTRICT BOARD MEMBERS TO HAVE A BETTER UNDERSTANDING OF THE OPERATION OF THE GOVERNMENT.

IN HIS WELCOMING SPEECH TO PARTICIPANTS, THE REGIONAL SECRETARY FOR THE NEW TERRITORIES. DR JAMES HAYES, SAID DISTRICT BOARD MEMBERS HAD CONTRIBUTED MUCH TO THE SUCCESS OF THE DISTRICT ADMINISTRATION SCHEME, AND HAD BECOME A SIGNIFICANT VOICE TO THE GOVERNMENT.

+DISTRICT BOARDS GIVE ADVICE NOT ONLY ON DISTRICT MATTERS AND WELFARE, BUT SOMETIMES ON TERRITORY-WIDE ISSUES AS WELL, HE SAID.

+THE GOVERNMENT HAS ALWAYS BEEN RESPONSIVE TO THE ADVICE AND VIEWS FROM THE DISTRICT BOARDS,+ HE ADDED.

DR HAYES SAID THERE WAS A CLOSE AND POSITIVE LINK BETWEEN THE GOVERNMENT AND THE DISTRICT BOARDS; +AND TO FURTHER THAT LINK IT IS DESIRABLE TO FOSTER A BETTER UNDERSTANDING OF EACH OTHER ON BOTH SIDES.+

+DISTRICT BOARDS HAVE SERVED OUR COMMUNITY VERY WELL OVER THE PAST YEARS, AND HAVE BEEN WIDELY ACCEPTED BY THE RESIDENTS OF HONG KONG, + HE SAID.

IN EXPRESSING HIS VIEW THAT THIS WOULD CONTINUE IN THE FUTURE, DR HAYES SAID: +WE ALL WANT TO SEE UNITED DISTRICT BOARDS WORK ING TOWARDS THE COMMON GOAL OF ENHANCING THE WELFARE OF THE LOCAL RESIDENTS.+

THE DEPUTY REGIONAL SECRETARY FOR HONG KONG AND KOWLOON, MR MAYER NG, WAS ALSO PRESENT AT TODAY'S SEMINAR WHICH WAS ATTENDED BY ABOUT 250 DISTRICT BOARD MEMBERS.

SPEAKERS AT THE SEMINAR WERE MISS MARIA TAM, MEMBER OF THE EXECUTIVE AND LEGISLATIVE COUNCILS, AND MISS EMILY LAU, CORRESPONDENT OF THE FAR EASTERN ECONOMIC REVIEW.

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