XN000022-1989-05-05 — Page 12

11

FRIDAY, MAY 5, 1989

NOVEMBER

1988, SECTION 17C OF HOWEVER, AS GAZETTED IN ORDINANCE WILL COME INTO EFFECT AS SCHEDULED ON MAY 21, 1989.

THE

OPERATION THE "49 PER CENT RULE" THIS SECTION BRINGS INTO

CENT OF THE VOTING UNDER WHICH AN AGGREGATE OF NO MORE THAN 49 FER SHARES OF A TELEVISION LICENSEE COMPANY MAY BE REGISTERED IN THE

DO NOT OF PERSONS OR COMPANIES WHICH

CERTAIN HONG

RESIDENTIAL REQUIREMENTS.

NAME KONG

SATISFY

THE

TELEVISION LICENSEES,

HAVE HONG HONG COMMISSION AND THE STOCK EXCHANGE OF TODAY (FRIDAY) OF THE ADMINISTRATION'S INTENTIONS.

THE

SECURITIES

AND FUTURES BEEN INFORMED

TEXTILES RELATED APPLICATION FEES REVISED

WILL

THE FEES CHARGED UNDER THE TEXTILES EXPORT CONTROL SYSTEM

UNDER THE IMPORT AND BE REVISED WITH EFFECT FROM JUNE 1 THIS YEAR, EXPORT (FEES) (AMENDMENT) REGULATIONS 1989 GAZETTED TODAY (FRIDAY).

A TRADE DEPARTMENT NECESSARY TO RECOVER THE COST.

SPOKESMAN

POLICY

SAID THAT THE INCREASE

WAS

THAT FEES AND

CHARGES

SHOULD

"IT IS GOVERNMENT'S RECOVER THE FULL COST OF OPERATING THE TEXTILES EXPORT CONTROL SYSTEM.

"THE PRESENT SCALE OF FEES WAS INTRODUCED IN 1984 IN ACCORDANCE WITH THIS POLICY," HE SAID.

TRADE DEPARTMENT A COSTING EXERCISE RECENTLY CONDUCTED BY THE

$13 MILLION IN INDICATED THAT THE SERVICE HAD OPERATED AT A LOSS OF 1987-88 AND THE LOSS IN 1988-89 WAS EXPECTED TO BE $3 MILLION.

BE

"IF THE FEES ARE NOT RAISED NOW, THE LOSSES ARE EXPECTED TO

1989-90 AND 1990-91 RESPECTIVELY, #13 MILLION AND $23 MILLION FOR THE SPOKESMAN SAID.

HE ALSO SAID INCREASED COSTS.

THA'T

NEW THE

FEES GENERALLY

REFLECTED

THE

INTER-REGIONAL ON THE THREE-FOLD INCREASE FROM $30 TO $100 FOR

WAS INTER-REGIONAL TRANSFER TRANSFER, HE EXPLAINED THAT THE FEE FOR

THE SCHEDULE OF THE AT PRESENT NOT REFLECTED AS A SEPARATE ITEM IN

CHARGED AS A IMPORT AND EXPORT (FEES) REGULATIONS, AND IT WAS BEING DOCUMENT ISSUED OTHER THAN THOSE SPECIFIED IN THE SCHEDULE AT $30.

THE NEW FEE FOR INTER-REGIONAL TRANSFER WOULD BE FOR SWING AND TRANSFER, BECAUSE THEY ALL PROVIDED SIMILAR TO THE TRADE.

THE SAME AS FLEXIBILITY

/BETWEEN 1983