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MONDAY, MAY 5, 1986
IT WAS NOTED THAT A PHASED DECLARATION OF SUCH ZONES HAD THE ADVANTAGE OF ALLOWING RESOURCES TO BE FOCUSED INITIALLY ON THOSE AREAS WHICH REQUIRED URGENT ACTION.
DECLARATION OF ZONES BY PHASES WOULD ALSO FACILITATE THE REVIEW OF IMPLEMENTATION OF AIR QUALITY OBJECTIVES IN DECLARED ZONES SO THAT EXPERIENCE IN ONE ZONE COULD BE APPLIED LATER TO OTHER ZONES.
EPCOM ALSO ADVISED THE GOVERNMENT TO SUBMIT THE DRAFT AIR POLLUTION CONTROL (AMENDMENT) BILL 1986 AND THE DRAFT AIR POLLUTION CONTROL (SPECIFIED PROCESSES) REGULATIONS 1986 TO INDUSTRIAL REPRESENTATIVES FOR FURTHER CONSULTATION BEFORE CONSIDERATION BY THE EXECUTIVE COUNCIL.
THE DRAFT REGULATIONS SEEK TO PROVIDE FOR THE LICENSING OF 23 CLASSES OF INDUSTRIES, NAMELY THE SPECIFIED PROCESSES, WHICH HAVE THE POTENTIAL TO CAUSE MAJOR AIR POLLUTION PROBLEMS, AND FOR THE CONTROL OF AIR POLLUTION FROM THESE PROCESSES.
EPCOM ALSO DISCUSSED THE FINAL STUDY REPORT ON THE PROBLEM OF MOTOR VEHICLE EMISSIONS IN HONG KONG PREPARED BY A CONSULTANT FROM THE UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANISATION, MR M. WALSH,
THE COMMITTEE WAS TOLD THAT A FOLLOW-UP PROGRAMME WOULD BE PREPARED BY THE GOVERNMENT WHICH WOULD DRAW ON THE RECOMMENDATIONS OF THE CONSULTANT'S REPORT.
CONTROLS ON AIR POLLUTION FROM SPECIFIED PROCESSES AND MOTOR VEHICLE EMISSIONS ARE BOTH IMPORTANT FOR THE ACHIEVEMENT OF AIR QUALITY OBJECTIVES.
MONETARY STATISTICS FOR MARCH *****
HONG KONG DOLLAR DEMAND AND SAVINGS DEPOSITS SHOWED A SEASONAL DECREASE IN MARCH, ACCORDING TO MONETARY STATISTICS PUBLISHED TODAY. AS A RESULT TOTAL DEPOSITS IN HONG KONG DOLLARS DROPPED, DESPITE GROWTH IN TIME DEPOSITS. TOTAL DEPOSITS IN FOREIGN CURRENCIES ALSO FELL, THOUGH SLIGHTLY,
TOTAL MONEY SUPPLY ON ALL DEFINITIONS FELL. THE SEASONAL DECREASE IN LEGAL TENDER NOTES AND COINS HELD BY THE PUBLIC, AND IN DEMAND DEPOSITS, LED TO A LARGER FALL IN M1 (THE NARROWEST DEFINITION OF MONEY SUPPLY).
/LOANS AND
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