XN000022-1988-03-22 — Page 5

TUESDAY, MARCH 22, 1988

THE ANNUAL FEE IS DETERMINED BY THE GOVERNOR IN COUNCIL.

"FOR THE THIRD YEAR OF OPERATION, THAT IS, 1988-89, THE FEE HAS BEEN SET AT $14.5 MILLION.

ANNUAL

וי

"THIS FEE HAS BEEN CALCULATED TO RECOVER COSTS INCURRED BY OFFICE

THE COMMISSIONER OF

FOR

IN REGULATING THE SECURITIES ACTIVITIES OF THE STOCK EXCHANGE, THE SPOKESMAN SAID.

THE

HE ADDED THAT THE SECURITIES COMMISSION HAD BEEN CONSULTED CONSIDERED THE FEE APPROPRIATE.

AND

THE "IN ADDITION TO PROVIDING EXECUTIVE SUPPORT TO

FOR RESPONSIBLE COMMISSION, THE COMMISSIONER'S OFFICE IS THE TRADING AND OTHER ACTIVITIES OF THE STOCK EXCHANGE.

SECURITIES REGULATING

"WHILE FEES ARE LEVIED ON SOME OF THESE SERVICES INCLUDING REGISTRATION OF BROKERS AND DEALERS, SERVICES SUCH AS THE PROCESSING OF LISTING RULES AND MATTERS CONCERNING AND INVESTIGATIONS.

THE

LEVIED ON OTHER THE STATUTORY SURVEILLANCE

IS NO FEE APPLICATION UNDER

MARKET TAKEOVERS,

"THE FEE OF $14.5 MILLION WILL RECOVER THE

SUCH SERVICES," THE SPOKESMAN SAID.

COST OF PROVIDING

THIS THE SPOKESMAN POINTED OUT THAT IN DETERMINING THE FEE FOR

POSITION OF THE YEAR, FULL ACCOUNT HAD BEEN TAKEN OF THE FINANCIAL

OF EXCHANGE COMPANY AND IT SHOULD NOT LEAD TO AN INCREASE IN THE RATE TRANSACTION LEVY PRESENTLY BORNE BY INVESTORS.

TRAINING HELPS SPUR JEWELLERY INDUSTRY

PROVIDED BY THE TRAINING IN BETTER CRAFTSMANSHIP FOR WORKERS JEWELLERY

TRAINING INDUSTRY

CENTRE OF THE VOCATIONAL TRAINING

FOR ACCOUNTING

THE SUCCESS OF HONG COUNCIL IS ONE OF THE FACTORS

AND INDUSTRY, MR KONG'S JEWELLERY INDUSTRY, THE SECRETARY FOR TRADE HAMISH MACLEOD, SAID TODAY (TUESDAY).

THE

CENTRE, WHICH RUNS

INDUSTRY-WIDE

GOLDSMITH

TECHNIQUES

IN

PROVIDES

PLACES FOR

AND 105 CRAFTSMEN

PRECIOUS

STONE

TRAINING SETTING,

COURSES IN

BUT EVENTUALLY

AT WILL

PRESENT

PROVIDE

TRAINING FACILITIES FOR 150 CRAFTSMEN EACH YEAR.

SPEAKING AT

THE HONG

ORGANISED BY THE HONG

NOTED THAT HONG KONG RECOGNISED JEWELLERY MANUFACTURING CENTRE.

KONG JEWELLERY DEVELOPMENT KONG TRADE

A HAD NOW BECOME

GALA

MAJOR

SHOW

MR COUNCIL,

AND INTERNATIONALLY

EVENING

MACLEOD

/"THE SIZE