XN000022-1987-06-12 — Page 4

3

FRIDAY, JUNE 12, 1987

"THEY MUST ENSURE

-

AND BE SEEN TO ENSURE ARE FAIR AND THAT THEY ARE BEING FOLLOWED, HE SAID.

-

THAT

MARKET RULES

+

SIR DAVID ALSO SAID THE GOVERNMENT ATTACHED TO MAINTAINING HEALTHY STOCK MARKET IN HONG KONG.

GREAT IMPORTANCE

"THIS ACCOUNTS FOR ALL THE EFFORTS OVER THE PAST DECADE, BY THE PRIVATE SECTOR AND BY GOVERNMENT, WHICH LED то THE UNIFICATION OF THE PREVIOUS FOUR SEPARATE EXCHANGES.

BOTH

"THESE EFFORTS HAVE NOW BORNE FRUIT. THE HONG KONG STOCK EXCHANGE IS ONLY 14 MONTHS OLD. BUT IT HAS SHOWN ALREADY THAT IT CAN BEAR COMPARISON WITH ANY STOCK EXCHANGE IN THE WORLD

ITS USE OF TECHNOLOGY AND IN ITS EFFICIENCY, HE SAID.

**

IN

AFTER OFFICIATING AT THE OPENING OF THE EXHIBITION, SIR DAVID LOOKED AT THE EXHIBITS PUT UP BY VARIOUS INVESTMENT COMPANIES.

DESCRIBING THE EXHIBITION AS A "VERY GOOD" ONE, SIR DAVID SAID: "I AM PARTICULARLY DELIGHTED TO HEAR THAT IT'S GOING TO GO ON TO NEW YORK,

"SO THE PEOPLE IN THE UNITED STATES, TOO, WILL SER WHAT OPPORTUNITIES THERE ARE FOR INVESTMENT IN HONG KONG.

**

BILL TO DESIGNATE HOSTELS GAZETTED

THE SUPERVISION ORDERS

(RESIDENTIAL

WHICH SEEKS STATUTORY

OF HOSTELS, ADMINISTRATION PUBLISHED IN THE GOVERNMENT GAZETTE TODAY (FRIDAY).

BY SENTENCED HAVE AT PRESENT, PERSONS WHO UNDER THE DRUG ADDICTION TREATMENT CENTRES ORDINANCE, PROCEDURE ORDINANCE, DETENTION CENTRES ORDINANCE AND TRAINING

LIVE TO ORDINANCE, MAY BE REQUIRED ON THEIR RELEASE SUPERVISED ACCOMODATION, KNOWN AS HALF-WAY HOUSES.

PROVISION

ALSO

KNOWN

FOR THE

AS

REQUIREMENTS ) BILL

DESIGNATION

1987

AND

HALF-WAY HOUSES,

IS

BEEN

THE

COURTS CRIMINAL CENTRES TEMPORARILY IN

ADMINISTERED

THESE HALF-WAY HOUSES

ARB

SERVICES DEPARTMENT.

THE OBJECT OF THE BILL

IS TO

BY THE CORRECTIONAL

FOR

MAKE STATUTORY PROVISION THEIR DESIGNATION AND ADMINISTRATION, AND FOR THIS PURPOSE REFERRED TO AS "HOSTELS".

THE NEW