XN000022-1986-03-27 — Page 41

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THURSDAY, MARCH 27, 1986

MR POPE STRESSED THAT THE SALES PROGRAMME WAS PROVISIONAL AND SUBJECT TO CHANGE AND THAT FURTHER DETAILS AND DATES WOULD BE PUBLISHED IN THE GOVERNMENT GAZETTE AND MAJOR NEWSPAPERS IN THE USUAL WAY.

COPIES OF THE TENTATIVE LAND SALES PROGRAMME FOR THE PERIOD APRIL 1 UNTIL SEPTEMBER ARE AVAILABLE FROM THE LANDS DEPARTMENT HEADQUARTERS, MURRAY BUILDING, THIRD FLOOR, GARDEN ROAD, HONG KONG, OR AT ANY DISTRICT LAND OFFICES.

FS GETS REPORT ON INSIDER DEALINGS

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THE INSIDER DEALING TRIBUNAL INQUIRING INTO DEALINGS IN THE SHARES OF INTERNATIONAL CITY HOLDINGS LTD HAS SUBMITTED ITS REPORT TO THE FINANCIAL SECRETARY, SIR JOHN BREMRIDGE, THIS (THURSDAY) AFTERNOON.

A GOVERNMENT SPOKESMAN SAID TODAY THAT THE REPORT WILL BE PUBLISHED AS SOON AS POSSIBLE, BUT THAT THERE WILL BE A DELAY FOR A FEW WEEKS. HE INDICATED THAT THE DELAY WILL ARISE AS A CONSEQUENCE OF THE PROVISIONS OF THE SECURITIES ORDINANCE WHICH REQUIRE THE TRIBUNAL TO GIVE ANY PERSONS SUSPECTED OF BEING CULPABLE INSIDER DEALERS, BUT WHO HAVE BEEN FOUND NOT TO BE CULPABLE, THE OPPORTUNITY TO ELECT WHETHER OR NOT THEY WISH TO BE NAMED IN THE REPORT.

+ IT IS ENVISAGED THAT THE ENGLISH VERSION OF THE REPORT WILL BE PUBLISHED FIRST, HE SAID. +THE CHINESE VERSION WILL BE PUBLISHED AS SOON AS POSSIBLE UPON COMPLETION OF TRANSLATION.+

THE GOVERNMENT SPOKESMAN SAID THAT BECAUSE THE TRI BUNAL'S PROCEEDINGS WERE JUDICIAL ITS MEMBERS HAD INDICATED THAT THEY WILL MAKE NO PUBLIC STATEMENT RELATING TO THE TRIBUNAL'S PROCEEDINGS OR THE REPORT.

THE TRIBUNAL COMMENCED IN NOVEMBER 1984 ITS INQUIRY INTO POSSIBLE CULPABLE INSIDER DEALING IN RELATION TO THE ORDINARY SHARES OF INTERNATIONAL CITY HOLDINGS LTD AND RELATED COMPANIES BETWEEN JANUARY 1, 1984 AND JUNE 30, 1984.

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