XN000022-1989-02-20 — Page 7

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MONDAY, FEBRUARY 20, 1989

THEY DISCUSSED AN OUTLINE WHICH COVERED THE WHOLE SPECTRUM

WASTES AND POLLUTION: AIR, WATER,

NOISE, AND OTHER PLANNING ENFORCEMENT ISSUES.

OF

AND

ENVIRONMENTAL

MEMBERS WERE PARTICULARLY INTERESTED EDUCATION AND AWARENESS AND INTENT, GOVERNMENT'S

OBJECTIVES AND TARGETS IN THESE ASPECTS SHOULD BE CLEARLY STATED IN THE WHITE PAPER.

IN THE AREA ADVISED THAT

OF

THE

THEY URGED THAT AN EARLY DRAFT OF THE PUT TO EPCOM FOR DISCUSSION TO ENSURE THAT FULLY TAKEN INTO ACCOUNT.

WHITE PAPER SHOULD MEMBERS' VIEWS WOULD

BE

RE

THEY AGREED TO MEET MONTHLY TO PROVIDE THE NECESSARY ADVICE HELF TACKLE HONG KONG'S ENVIRONMENTAL PROBLEMS.

TO

MEMBERS WERE INFORMED THAT THE SECRETARY FOR LANDS AND WORKS

DELEGATION WOULD BE LEADING A

TO PARTICIPATE IN AN INTERNATIONAL MINISTERIAL CONFERENCE ON CHLOROFLUOROCARBONS AND THE OZONE BE HELD IN LONDON FROM MARCH 5 TO 7.

LAYER ΤΟ

SUPPORT THE PURPOSE OF THE CONFERENCE IS TO

EXISTING EFFORTS SERIOUS AND TO PROMOTE INTERNATIONAL CO-OPERATION IN DEALING WITH THE ENVIRONMENTAL PROBLEMS POSED BY

PARTICULARLY CHLOROFLUOROCARBONS, THEIR DAMAGING EFFECT ON

OZONE LAYER AND THEIR CONTRIBUTION TO THE "GREENHOUSE EFFECT"

THE STRATOSPHERIC

+

IN THE MONTREAL PROTOCOL ON IN THE UNITED

HONG KONG IS A PARTICIPANT SUBSTANCES THAT DEPLETE THE OZONE LAYER VIA INCLUSION KINGDOM'S RATIFICATION OF THE PROTOCOL.

THE LONDON CONFERENCE IS BEING HOSTED GOVERNMENT AND WILL BE ATTENDED BY THE PRIME THATCHER.

BY THE UNITED KINGDOM

MRS MINISTER,

MARGARET

NEW ARRANGEMENTS ON TRANSACTION LEVY

A GOVERNMENT SPOKESMAN ANNOUNCED TODAY (MONDAY) THAT THE FINANCIAL SECRETARY, MR PIERS JACOBS, HAS ACCEPTED THE SECURITIES COMMISSION'S VIEW THAT THE 0.025 PER CENT STOCK EXCHANGE TRANSACTION LEVY SHOULD BE ABOLISHED.

"IN ITS PLACE, MR JACOBS HAS PROPOSED THAT THERE SHOULD BE A NEW STATUTORY LEVY OF EQUIVALENT AMOUNT тся BE SHARED INITIALLY EQUALLY BETWEEN THE STOCK EXCHANGE AND THE NEW SECURITIES AND COMMISSION," THE SPOKESMAN SAID.

FUTURES

ARE:

KEY FEATURES OF THE NEW ARRANGEMENT, TO BE DEFINED DETAILED EXCHANGE OF LETTERS AND RECOMMENDED FOR INCLUSION NECESSARY LEGISLATION,

IN A MORE

IN THE

/* THE EXISTING