XN000022-1988-11-18 — Page 6

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FRIDAY, NOVEMBER 18, 1988

OFFICIALS REVIEW PROGRESS OF AGREEMENT

OF

PIERS JACOBS, EARLIER THIS THE FINANCIAL SECRETARY, MR

WEEK LED BY MET A VISITING

DEFENCE OFFICIALS, TEAM OF MINISTRY OF

MR SECRETARY

STATE ASSISTANT UNDER

BRIAN COUSINS, TO REVIEW PROGRESS ON THE OPERATION OF THE 1988 DEFENCE COSTS AGREEMENT.

DISCUSSION AT THE MEETING CENTRED

ON MEASURES IDENTIFIED EFFECT COST SAVINGS IN THE OPERATION OF THE GARRISON.

SPOKESMAN

SAID

TODAY

(FRIDAY)

то

THAT

THE

WERE

A GOVERNMENT DISCUSSIONS HAD BEEN CORDIAL AND PRODUCTIVE, AND THAT BOTH SIDES PLEASED WITH THE PROGRESS THAT HAD BEEN MADE.

THE MEETING, WHICH HAD BEEN SCHEDULED EXPECTED TO BE THE FIRST OF A REGULAR SERIES.

EARLIER THIS YEAR, IS

AMENDED TV ORDINANCE BECOMES EFFECTİVE ON MONDAY

WHICH INTRODUCES A THE TELEVISION (AMENDMENT) ORDINANCE 1988 NUMBER OF SIGNIFICANT CHANGES INTO THE LEGISLATION GOVERNING WIRELESS KONG TELEVISION BROADCASTING IN HONG

WILL COME INTO OPERATION MONDAY (NOVEMBER 21).

ON

INTO THE TELEVISION THE ORDINANCE, WHICH ADDS NEW PROVISIONS

ENSURES ORDINANCE,

THAT TELEVISION COMPANIES REMAIN LOCALLY

THE BUSINESS OF CONTROLLED AND THAT THEY CONCENTRATE ON

TELEVISION

BROADCASTING.

OR

IT RESTRICTS THE SHAREHOLDINGS WHICH MAY BE HELD BY PERSONS COMPANIES WHICH

NOT SATISFY CERTAIN HONG KONG RESIDENCE REQUIREMENT.

DO

THE AN INDIVIDUAL PERSON OR COMPANY WHO IS "UNQUALIFIED" UNDER

AUTHORITY то ORDINANCE WILL REQUIRE THE APPROVAL OF THE BROADCASTING HOLD A "RELEVANT INTEREST IN TWO PER CENT OR MORE OF THE VOTING SHARES OF A LICENSEE COMPANY, AND MAY NOT HOLD MORE THAN 10 PER CENT VOTING SHARES OF A LICENSEE.

OF THE

"QUALIFIED" UNDER THE ORDINANCE

KONG FOR A

FOR AN INDIVIDUAL TO BE MUST BE ORDINARILY RESIDENT IN HONG RESIDENT IN HONG KONG AT SOME TIME LEAST SEVEN YEARS.

HE

AND HAVE

CONTINUOUS PERIOD

BEEN

ORDINARILY OF AT

/FOR A