XN000022-1987-11-23 — Page 6

1

5

1

MONDAY, NOVEMBER 23, 1987

RECOMMENDATIONS

ON

THE CONSULTANTS'

THE ASSIGNMENT OF THE REVIEW OF THE LOAD RESPECTIVE MONITORING RESPONSIBILITIES; REGULAR

THE POWER FORECASTS; SUBMISSION OF BREAKDOWNS OF FUEL EXPENDITURE BY COMPANIES; "FUNCTIONALISATION" OF COSTS IN THE COMPANIES' ACCOUNTS AND DIRECTORS ARE ALREADY MONITORING OF TRANSACTIONS INVOLVING COMPANIES'

UNDER PRACTICE

THE MOINITORING ARRANGEMENTS. REMAINING PROPOSALS WILL BE FORMALLY PUT TO THE POWER COMPANIES WILL BE ASKED TO MEET THE PROPOSED REQUIREMENTS.

THE PRESENT

THE WHICH

PUT TO

THE

MRS CHAN SAID THAT THE WORKING PARTY'S REPORT HAD BEEN

THE ADMINISTRATION HAD ALSO DISCUSSED THE EXECUTIVE COUNCI1..

STANDING PANEL ON PUBLIC PROPOSALS FOR IMPROVEMENT WITH THE OMELCO UTILITIES.

OF

ARE CURRENTLY CARRIED THE GOVERNMENT'S MONITORING ACTIVITIES

NAMELY: THE FINANCIAL MONITORING UNIT OUT BY FOUR UNITS,

OF THE

ECONOMIC

BRANCH SERVICES

WHICH

FOR IS RESPONSIBLE

FINANCIAL THE ECONOMIC SERVICES MONITORING; THE ECONOMIC ANALYSIS DIVISION OF MAKES ECONOMIC BRANCH

EVALUATION SUCH AS ASSESSMENT

DEPARTMENT ELECTRICITY DEMAND; THE ELECTRICAL AND MECHANICAL SERVICES

THE ENGINEERING ASPECT; AND WHICH PROVIDES TECHNICAL INPUT ON

OF DIVISION ECONOMIC SERVICES

ECONOMIC SERVICES THE CO-ORDINATES THE OVERALL MONITORING PROCESS.

WHICH

THE BRANCH WHICH

THE CONSULTANTS SAW NO INHERENT REASON TO MONITORING STRUCTURE.

MODIFY THE PRESENT

SECURITIES REVIEW COMMITTEE INVITES SUBMISSIONS

DAVISON, SAID: EXCHANGE AND

BE

(MONDAY) THAT

THE SECURITIES REVIEW COMMITTEE ANNOUNCED TODAY SUBMISSIONS FROM INTERESTED PARTIES AND MEMBERS OF THE PUBLIC AREA OF WORK TO BE COVERED BY THE COMMITTEE ARE BEING INVITED.

THE CHAIRMAN OF THE SECURITIES REVIEW

"WE WILL

FUTURES THE

ON THE

COMMITTEE, MR IAN HAY

MEMBERS

THE TO THE WRITING

OF

STOCK EXCHANGE, THE HONG KONG STOCKBROKERS ASSOCIATION, THE HONG KONG ASSOCIATION OF BANKS UNIT TRUSTS ASSOCIATION AND OTHER INTERESTED ORGANISATIONS

AREA OF OUR WORK. WE THEIR VIEWS AND COMMENTS ON THE

INTERESTED FROM OTHER

PARTIES WELCOME VIEWS AND COMMENTS GENERAL PUBLIC."

AND THE

HONG KONG TO INVITE WOULD ALSO

AND

THE

TO MR DAVISON STRESSED THAT THE MAIN PURPOSE OF THE REVIEW WAS

AND SYSTEMS TO BUILD A EXAMINE CRITICALLY THE RELEVANT STRUCTURES

FAULT FOR BLUEPRINT FOR THE FUTURE AND NOT TO ALLOCATE BLAME OR FIND PAST EVENTS.

"ALL SUBMISSIONS