XN000022-1986-08-07 — Page 6

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THURSDAY, AUGUST 7, 1986

IT AGREED IN PRINCIPLE THAT THE COVERAGE OF THE WAGE SECURITY FUND SHOULD BE EXTENDED TO INCLUDE WAGES IN LIEU OF NOTICE ON THE UNDERSTANDING THAT THIS EXTENSION WOULD NOT RESULT IN ANY INCREASE IN THE PRESENT RATE OF LEVY..

THE EXTENT OF THE COVERAGE WILL BE DISCUSSED AT THE NEXT MEETING OF THE BOARD FOLLOWING A FURTHER EXAMINATION OF THE RELEVANT FACTS AND FIGURES AND THE FINANCIAL IMPLICATIONS OF THE VARIOUS OPTIONS.

MEMBERS WERE TOLD OF THE PROGRESS MADE ON TWO PROPOSALS WHICH THEY HAD CONSIDERED AND ENDORSED AT PREVIOUS BOARD MEETINGS. THE FIRST PROVIDES FOR STAFF RETIREMENT SCHEMES INVOLVING WAGE DEDUCTIONS TO BE APPROVED BY THE COMMISSIONER FOR LABOUR AND THE SECOND CONCERNS VARIOUS AMENDMENTS TO THE TRADE UNIONS ORDINANCE TO IMPROVE UNION ADMINISTRATION GENERALLY.

THE BOARD ALSO AGREED TO THE PUBLICATION OF AN ANNUAL REPORT ON ITS ACTIVITIES AND NOTED A REPORT ON HONG KONG'S RECENT ATTENDANCE AT THE GENERAL CONFERENCE OF THE INTERNATIONAL LABOUR ORGANISATION.

THE MEETING WAS CHAIRED BY THE COMMISSIONER FOR LABOUR, MR J.C.A. HAMMOND.

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REGISTRATION REVOKED

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THE COMMISSIONER OF DEPOSIT-TAKING COMPANIES ANNOUNCED THAT HE HAS TODAY REVOKED THE REGISTRATION OF FIRST BANGKOK CITY FINANCE LIMITED AS A DEPOSIT-TAKING COMPANY, ON THE GROUND THAT THE COMPANY IS BEING WOUND UP.

SHIPPING, PORT, CARGO STATISTICS RELEASED

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IN THE FIRST QUARTER OF 1986, 3 208 SHIPS WITH A TOTAL CAPACITY OF 19.2 MILLION NAT (NET REGISTERED TONS) ARRIVED IN HONG KONG, REPRESENTING AN INCREASE OF 192 (OR 6 PER CENT) IN NUMBER AND OF 9 PER CENT IN CAPACITY OVER THE FIRST QUARTER OF 1985.

THESE FIGURES ARE CONTAINED IN THE +HONG KONG SHIPPING STATISTICS REPORT+ PUBLISHED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT,

/DURING