XN000022-1989-02-13 — Page 7

MONDAY, FEBRUARY 13, 1989

LEGCO GROUP BRIEFED ON SFC FUNDING

ON

THE ADMINISTRATION HAS HAD A VERY HELPFUL EXCHANGE OF VIEWS THE PROPOSED FUNDING AND BUDGETARY ARRANGEMENTS FOR THE SECURITIES AND FUTURES COMMISSION (SFC) WITH THE LEGCO AD HOC GROUP TO STUDY SECURITIES AND FUTURES COMMISSION BILL.

THE SECRETARY FOR MONETARY

THE

AFFAIRS, MR DAVID NENDICK, SAID THIS AFTER HIS MEETING WITH THE GROUP THIS (MONDAY) MORNING.

TOGETHER WITH THE GOVERNMENT SECURITIES CONSULTANT, MR ROBERT OWEN,

MR NENDICK BRIEFED THE GROUP ON THE DETAILED FUNDING PROPOSALS

ADMINISTRATION AS WHICH HAVE BEEN DRAWN UP BY THE

WELL AS ON THE MANPOWER AND ORGANISATIONAL PLAN THAT HAVE BEEN DEVELOPED FOR THE COMMISSION.

THE SFC IS EXPECTED TO COME INTO EXISTENCE AS SOON AS BILL IS ENACTED.

NEW

THE SFC

HAVE,

AS

"WE HAVE HAD A VERY FRANK AND FRUITFUL DISCUSSION AND WE OF CONCERN I HOPE, ADDRESSED THE ISSUES

TO THE GROUP

WELL AS POINTS PREVIOUSLY MADE BY MARKET BODIES, MR NENDICK SAID.

■

LEGCO THE ADMINISTRATION'S PROPOSALS WERE SUBMITTED TO THE HOC GROUP LAST FRIDAY (FEBRUARY 10). THE GROUP HAS REQUESTED FURTHER INFORMATION AND WILL CONTINUE ITS CONSIDERATION OF CERTAIN DETAILS

AD

IN

THE PROPOSALS.

NEW ARRANGEMENT ON COACH ENTRY INTO COUNTRY PARK

* * * *

THE AGRICULTURE AND

TODAY

FISHERIES DEPARTMENT ANNOUNCED (MONDAY) THAT WITH EFFECT FROM SATURDAY (FEBRUARY 181 A LIMITED NUMBER OF COACHES WILL BE ALLOWED TO ENTER THE SAI KUNG COUNTRY PARK BEYOND THE PAK TAM CHUNG BARRIER GATE.

THIS ARRANGEMENT WILL APPLY BETWEEN 9 AM AND 4.30 PM DAILY, AND SPECIAL PERMISSION FOR ENTRY WILL HAVE FIRST TO BE OBTAINED FROM THE DEPARTMENT.

HAVE ENTRY.

THE NUMBER OF COACHES WILL BE RESTRICTED TO 30 A DAY.

TO GAIN ACCESS TO THE COUNTRY PARK, A SPECIAL COACH PERMIT WILL то

BE APPLIED FOR IN ADVANCE, AND COLLECTED AT THE POINT OF

/IT IS