XN000022-1989-03-15 — Page 28

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WEDNESDAY, MARCH 15, 1989

PROVIDED

MONEY AND PERMITTED

THESE EXCHANGE RATES, CHARGES AND COMMISSIONS CONSENT IN ADVANCE TO THE TERMS OF THE TRANSACTION.

FOR

THE

DISCLOSURE

BY

CHANGERS CUSTOMERS ΤΟ

OF

THE

UP то EXAMINE MR CHUNG, CONVENER OF A LEGCO AD HOC GROUP SET

THE PRINCIPAL ENACTMENT OF FOLLOWING SAID BILL,

THAT

HAD

AN UNACCEPTABLE LEVEL ORDINANCE IN 1985 THERE MALPRACTICE WITHIN THE TRADE.

THE

BEEN STILL

OF

"THIS GENERATES A SIGNIFICANT AMOUNT OF ADVERSE PUBLICITY LOCALLY AND OVERSEAS, HE SAID.

BOTH

CHANGER TO MAINTAIN A THE AMENDMENT BILL REQUIRED THE MONEY BOARD OR OTHER DEVICE DISPLAYING THE NET RATES OF EXCHANGE.

IT ALSO PROHIBITED A MONEY CHANGER FROM DISPLAYING NOTICES STATEMENTS WHICH WERE FALSE OR MISLEADING FOR THE CUSTOMERS.

AND

AGENCY TO

WITH

MR CHUNG SAID THE BILL WOULD ENABLE THE ENFORCEMENT

CASES ON NON-COMPLIANCE DEAL MORE EFFECTIVELY WITH COMPLAINT REQUIREMENTS OF THE ORDINANCE.

ΤΟ SERVE

REGULATE THE TRADE, HONG KONG'S IMAGE

HE SAID.

"I BELIEVE THAT THE BILL WILL AFFORD BETTER PROTECTION TO CUSTOMERS AND ENHANCE AS A FAVOURABLE VISITOR DESTINATION,

HE ALSO SPEAKING IN SUPPORT OF THE BILL, THE HON DAVID LI SAID

THE IMAGE OF HONG HEARTILY ENDORSED ANY MEASURE AIMED AT IMPROVING KONG AS A PLACE WHERE ONE COULD EXPECT FAIR AND HONEST TREATMENT THOSE CONNECTED, IN WHATEVER WAY, WITH THE FINANCIAL FIELD.

FROM

TO FIRST

ROTTEN APPLES "WHILE ONE ACCEPTS THAT IT TAKES ONLY A FEW SPOIL THE BARREL, NEVERTHELESS IT REMAINS A FACT THAT OFTEN THE AND LAST ACT OF PEOPLE VISITING HONG KONG IS TO CHANGE MONEY.

OUT FROM ΚΑΙ TAK WITH "WE DO NOT WISH PEOPLE TO FLY MEMORY OF HONG KONG SOURED BY ILL TREATMENT AT THE HANDS MINORITY," HE SAID.

THE HON MARTIN BARROW MOVED TWO AMENDMENTS TO THE THE COMMITTEE STAGE.

THEIR

OF A SMALL

BILL DURING

REFUSED TO PROCEED ONE AMENDMENT PROVIDED THAT IF A CUSTOMER

MONEY CHANGER SHOULD IMMEDIATELY WITH AN EXCHANGE TRANSACTION, THE HAND BACK TO THE CUSTOMER THE CURRENCY TENDERED BY THE CUSTOMER.

HANDLING

FEE IN

RESPECT OF

MONEY CHANGERS DO

WHICH TRANSACTIONS

ARR

"THE AMENDMENT WAS PROPOSED TO ENSURE THAT NOT IMPOSE A CANCELLED, MR BARROW SAID.

LI

THE OTHER AMENDMENT PROHIBITED ADVERTISEMENTS RELATING CHARGING OR NON-CHARGING OF COMMISSIONS OR OTHER CHARGES BY THE CHANGERS.

TO THE MONEY

THE DISPLAY