XN000022-1989-06-05 — Page 5

MONDAY, JUNE 5, 1989

AS FOR THE STOCK AND FUTURES MARKETS, MR JACOBS SAID TRADING WAS ORDERLY ON BOTH MARKETS TODAY AND THERE WERE NO SIGNS OF ANY DIFFICULTY IN MEETING MARGIN REQUIREMENTS ON THE FUTURES MARKET.

"INVESTORS SHOULD NOT OVER-REACT TO EVENTS ELSEWHERE SHOULD REMEMBER THAT THE POLITICAL FACTOR IS ONLY ONE OF THE FACTORS AFFECTING SHARE PRICES.

THE GOVERNMENT AND THE SECURITIES AND FUTURES CLOSELY MONITORING THE SITUATION. HE SAID.

AND MANY

COMMISSION

ARK

BANKS TO REMAIN OPEN ON WEDNESDAY

THE HONG KONG ASSOCIATION OF BANKS IS AWARE THAT THERE HAS BEEN A CALL FOR A GENERAL STRIKE IN HONG KONG ON WEDNESDAY, JUNE 7. FURTHERMORE THE ASSOCIATION UNDERSTANDS THAT IT IS INTENDED THAT ANY SUCH STRIKE SHOULD EXCLUDE ESSENTIAL SERVICES SUCH AS BANKING.

THE COMMITTEE OF THE ASSOCIATION SUPPORTS THE STATEMENT ISSUED BY MEMBERS OF THE EXECUTIVE AND LEGISLATIVE COUNCILS TODAY

IN WHICH, INTER ALIA, THEY SAID:

"WE HAVE A DUTY TO OUR OWN CITIZENS IN MAINTAINING OUR OWN PROSPERITY AND STABILITY."

THE COMMITTEE OF THE ASSOCIATION BELIEVES THAT AS AN ESSENTIAL SERVICE TO THE PEOPLE OF HONG KONG, BANKS SHOULD REMAIN OPEN FOR BUSINESS ON WEDNESDAY AND IS ENCOURAGING ITS MEMBERS TO MAKE EVERY EFFORT TO DO SO.

SENTIMENTS OF CIVIL SERVANTS RESPECTED

CIVIL SERVANTS'

(JUNE 7༽,

IN RESPONSE то PRESS ENQUIRIES ON PARTICIPATION IN THE MASS ACTIVITIES ON WEDNESDAY GOVERNMENT SPOKESMAN SAID:

CIVIL

A

SERVANTS IN MASS ALL

"THE GOVERNMENT APPRECIATES THE SENTIMENTS OF AND RESPECTS THEIR INDIVIDUAL DECISION ΤΟ PARTICIPATE ACTIVITIES. BUT AT THE SAME TIME, IT CONSIDERS IT IMPERATIVE THAT GOVERNMENT SERVICES FOR THE PUBLIC SHOULD REMAIN OPEN AND SHOULD BE NO DISRUPTION OF ESSENTIAL PUBLIC SERVICES.

THAT THERE

OR EMERGENCY PARTICIPATE IN MASS

"STAFF OTHER THAN THOSE WHO PROVIDE ESSENTIAL SERVICES SHOULD APPLY FOR LEAVE IF THEY WISH TO ACTIVITIES.

"THE GOVERNMENT TRUSTS THAT CIVIL RESPONSIBLY AND WILL MINIMISE INCONVENIENCE POSSIBLE.

ΤΟ

SERVANTS WILL

THE PUBLIC

BEHAVE WHEREVER

/5