XN000022-1987-12-09 — Page 7

VI

WEDNESDAY, DECEMBER 9, 1987

t

"IF ANY SUCH APARTMENT IS NOT UP TO THE HEALTH AND HYGIENE OR ISSUE HIM STANDARDS REQUIRED, THEY WOULD WARN THE OPERATOR ORALLY WITH A LETTER ADVISING HIM OF THE IMPROVEMENTS HE SHOULD INTRODUCE

THE SEVERITY OF WITH A NUISANCE ABATEMENT NOTICE, DEPENDING ON CASE.

OR

THE

"FAILURE TO COMPLY WITH A WARNING, LETTERS OR NOTICES MAY TO LEGAL PROCEEDINGS AGAINST THE OPERATOR," HE SAID.

LEAD

REVIEW OF TRAINING NEEDS FOR SECURITIES COMMODITIES STAFF

AN OVERALL REVIEW OF THE TRAINING NEEDS OF STAFF OF THE ORNACE OF THE COMMISSIONER FOR SECURITIES AND COMMODITIES TRADING AND THE OFFICE OF THE COMMISSIONER OF BANKING WOULD BE CONDUCTED, FINANCIAL SECRETARY, THE HON PIERS JACOBS, TOLD THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

IN HIS REPLY TO A QUESTION BY THE HON DAVID LI, MR JACOBS SAID THE REVIEW WOULD BE CARRIED OUT WHEN THE FINDINGS AND RECOMMENDATIONS OF THE SECURITIES REVIEW COMMITTEE ON THE OPERATION AND MANAGEME OF THE TWO OFFICES WERE AVAILABLE.

"I DO NOT, HOWEVER, SEE THESE MEASURES AS OBVIATING THE NEED FOR RECOURSE TO OUTSIDE CONSULTANTS FROM TIME TO TIME TO PROVIDE SPECIALIST ADVICE," HE SAID.

MR JACOBS SAID HE BELIEVED IT WAS RIGHT FOR THE GOVERNMENT то CONTINUE TO EMPLOY OUTSIDE CONSULTANTS IF THE NEED AROSE, AND "IT MAY BE NECESSARY TO HAVE INDEPENDENT AND IMPARTIAL SPECIALIST ADVICE IN A PARTICULAR CASE."

"IT WOULD BE EXTRAVAGANT ΤΟ RECRUIT AND RETAIN WITHIN GOVERNMENT SERVICE PEOPLE WITH THE HIGHLY SPECIALISED SKILLS REQUIRED TO UNDERTAKE ONE-OFF TASKS, QUITE APART FROM THE FACT THAT SUCH PEOPLE COULD NOT BE ACCOMMODATED WITHIN EXISTING GOVERNMENT PAY SCALES, HE ADDED.

MR JACOBS ALSO POINTED OUT THAT THE GOVERNMENT WAS CONSCIOUS OF THE NEED TO DEVELOP AND EXPAND ITS OWN EXPERTISE IN THE SUPERVISION OF FINANCIAL MARKETS.

FOR THE PURPOSE OF TRAINING AND DEVELOPMENT TWO OFFICES, TRAINING PROGRAMMES, BOTH IN-HOUSE BEEN AND WOULD CONTINUE TO BE ORGANISED, HE SAID.

OF STAFF OF AND OVERSEAS

THE

HAD

"EARLIER THIS