XN000022-1989-11-07 — Page 9

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TUESDAY, NOVEMBER 7, 1989

SENIOR MEDICAL AND HEALTH OFFICER

MEDICAL AND HEALTH OFFICER

NURSES (UP TO AND INCLUDING NURSING OFFICER I)

OUT "THIS WOULD MEAN THAT SOME 14,000 OFFICERS IN THESE RANKS,

I.E. 7.5 PER CENT, OF A TOTAL OF MORE THAN 185,000 CIVIL SERVANTS,

THE SPOKESMAN SAID. WOULD RECEIVE THE TEMPORARY ALLOWANCE,

LOSE THE SPOKESMAN STRESSED THAT OTHER CIVIL SERVANTS WILL NOT

THEIR GRADE, BECAUSE OUT AS A RESULT OF THE TIMING OF THE REVIEW OF

TAKE EFFECT FROM THE ANY PERMANENT ADJUSTMENTS TO PAY SCALES WOULD COMMON DATE OF OCTOBER 1. 1989.

TRIBUNAL TO INQUIRE INTO SHARE DEALINGS OF LAFE HOLDINGS LIMITED

*

PIERS SIR

A

THE FINANCIAL SECRETARY,

JACOBS, TODAY (TUESDAY) RECOMMENDATION FROM THE ANNOUNCED

AFTER CONSIDERING THAT,

POSSIBLE SECURITIES AND FUTURES COMMISSION, HE HAD DECIDED TO REFER A CASE OF INSIDER DEALING TO THE INSIDER DEALING TRIBUNAL.

THE PURPOSE OF THE INQUIRY WILL BE TO DETERMINE, IN

THE SECURITIES ORDINANCE, WHETHER WITH THE PROVISIONS OF INSIDER DEALING IN THE SHARES OF LAFE HOLDINGS LIMITED (LHL) THE PERSONS INVOLVED, OVER A SPECIFIED PERIOD, AND IF SO, EXTENT OF THEIR CULPABILITY.

ACCORDANCE

CULPABLE OCCURRED AND THE

APPOINTED

AS CHAIRMAN OF THE

THE FINANCIAL SECRETARY STATED THAT THE GOVERNOR HAD MR JUSTICE NAZARETH, A JUDGE OF THE HIGH COURT, INSIDER DEALING TRIBUNAL.

PUBLIC ACCOUNTANT, AND THE

IN ADDITION, MR ALAN KEMP, A CERTIFIED MR DENNIS H.S. LAM, AN EXPERIENCED BANKER, HAVE BEEN APPOINTED BY GOVERNOR AS THE OTHER TWO MEMBERS OF THE TRIBUNAL TO ACT TO THIS PARTICULAR INQUIRY,

IT IS EXPECTED THAT THE TRIBUNAL WILL HOLD

IN RELATION

LATER THIS MONTH.

AS PROVIDED

BY

THE

SECURITIES

ITS FIRST MEETING

THE

TRIBUNAL'S

ORDINANCE,

HEARINGS WILL BE HELD IN CAMERA AND ITS FINDINGS WILL BE SET OUT IN REPORT WHICH WILL BE PUBLISHED.

A

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