XN000022-1988-06-21 — Page 7

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TUESDAY, JUNE 21, 1988

CONFIDENCE IN HK'S FUTURE AS FINANCIAL CENTRE: DAVID NENDICK

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THE GOVERNMENT WILL CONTINUE то ALLOW INTERNATIONAL SUPPORT SERVICES INCLUDING FINANCIAL INFORMATION SYSTEMS TO ESTABLISH THEMSELVES HERE WITHOUT LET OR HINDRANCE, THE ACTING SECRETARY, MR DAVID NENDICK, SAID THIS (TUESDAY) EVENING.

FINANCIAL

OFFICIATING AT THE TELERATE ASIA-PACIFIC REGIONAL OFFICE OPENING, MR NENDICK SAID HE WELCOMED THIS INDICATION OF CONFIDENCE HONG KONG'S FUTURE AS A MAJOR INTERNATIONAL FINANCIAL CENTRE.

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IT IS IMPORTANT TO RECOGNISE THAT THE FACT THAT HONG KONG IS THE CENTRE WITH THE LARGEST NUMBER OF INTERNATIONAL FINANCIAL INSTITUTIONS IN THE ASIA-PACIFIC REGION, AND IS STILL ATTRACTING FURTHER SUCH INSTITUTIONS HAS ONLY BEEN MADE POSSIBLE BECAUSE THERE HAS BEEN A PARALLEL GROWTH IN A WIDE RANGE OF INTERNATIONAL SUPPORT SERVICES, HE SAID.

FINANCIAL INFORMATION SYSTEMS SUCH AS TELERATE ARE AN IMPORTANT COMPONENT, HE ADDED.

CONSTRUCTION SAFETY LEGISLATION IN PERSPECTIVE

THE LABOUR DEPARTMENT IS ORGANISING A SERIES OF DISCUSSION SESSIONS WITH INDUSTRIALISTS AND TRADE UNIONISTS TO EXCHANGE VIEWS ON THE EXISTING LEGISLATION GOVERNING SAFETY AND HEALTH IN THE WORKPLACE.

THE FIRST SESSION, ENTITLED CONSTRUCTION SAFETY LEGISLATION IN PERSPECTIVE, WILL TAKE PLACE AT THE DEPARTMENT'S INDUSTRIAL SAFETY TRAINING CENTRE IN CENTRAL ON FRIDAY (JUNE 24).

A DEPARTMENT SPOKESMAN SAID THE CONSTRUCTION INDUSTRY HAD SEEN A BOOM IN RECENT YEARS BUT AT THE SAME TIME HAD BROUGHT ABOUT A LARGE NUMBER OF INDUSTRIAL ACCIDENTS.

THERE ARE AT PRESENT AT LEAST SIX SETS OF REGULATIONS UNDER THE FACTORIES AND INDUSTRIAL UNDERTAKINGS ORDINANCE WHICH DEAL WITH SAFE PRACTICES IN THE CONSTRUCTION INDUSTRY.

/"ALTHOUGH REGULAR