XN000022-1987-03-01 — Page 2

SUNDAY, MARCH 1, 1987

CONTINUATION OF HK'S SUCCESS SYSTEM ASSURED

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WITH THE SINO-BRITISH JOINT DECLARATION ON HONG KONG'S FUTURE FIRMLY IN PLACE, THE FUTURE SPECIAL ADMINISTRATIVE REGION IS ASSURED OF THE CONTINUATION OF THE SYSTEMS WHICH HAVE MADE HONG KONG'S SUCCESS POSSIBLE, THE FINANCIAL SECRETARY, MR PIEKS JACOBS, SAID THIS (SUNDAY) EVENING.

SPEAKING AT THE DINNER PARTY OF THE CHARTERED INSTITUTE OF ARBITRATORS, MR JACOBS SAID, +CONSISTENT WITH THE SPIRIT OF THE JOINT DECLARATION, THE WORK OF THE INSTITUTE WILL CERTAINLY CONTINUE TO FLOURISH AS IT HAS FOR THE PAST 15 YEARS.+

THE HONG KONG BRANCH OF THE CHARTERED INSTITUTE OF ARBITRATORS WAS FORMED IN 1972 AND HAS A MEMBERSHIP OF OVER 600. IT IS INVOLVED IN THE FOSTERING OF THE PRACTICE OF SETTLEMENT OF DISPUTES BY ARBITRATION.

*THE INCREASED BUSINESS DEALINGS INVOLVING THE PEOPLE'S REPUBLIC OF CHINA WILL NO DOUBT INCREASE THE DEMANDS UPON MEMBERS OF THE INSTITUTE,+ HE SAID.

+AND MEMBERS WILL NO DOUBT RISE TO MEET THE EXPECTATIONS FOR SPEEDY AND RELIABLE RESOLUTION OF COMMERCIAL DISPUTES WITH PRECISION AND ZEAL.

MR JACOBS SAID THAT WITH HARD WORK AND DEDICATION, HONG KONG'S POTENTIAL AS THE INTERNATIONAL ARBITRATION CENTRE OF THE EAST WOULD BE FULLY REALISED.

WORK STARTS ON JORDAN VALLEY CONTROLLED TIP

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WORK HAS STARTED ON BUILDING A CONTROLLED TIP AT JORDAN VALLEY TO PROVIDE SEVEN HECTARES ON LAND FOR RECREATIONAL AND AMENITY FACILITIES.

THE CIVIL ENGINEERING SERVICES DEPARTMENT HAS AWARDED A $9.54 MILLION CONTRACT FOR THE PROJECT WHICH WILL TAKE 20 MONTHS TO COMPLETE.

IT INCLUDES CONSTRUCTING AN ACCESS ROAD TO THE TIP, AS WELL AS SURFACE DRAINAGE.

THE SANITARY