38
WEDNESDAY, JUNE 27, 1990
IMPOSE
"THE WORKING GROUP WILL THEN EXAMINE THE SUBMISSIONS CONTROLS ON CONSIDER WHETHER THERE IS ANY NEED TO DEALINGS IN FOREIGN CURRENCIES BY THESE COMPANIES,
INTRODUCE
NEW
THAT
MADE AND LEVERAGED
OUR
GO BEYOND MEASURES ΤΟ "IF WE ARE
FINANCIAL SECTOR, EXISTING REGULATIONS IN RELATION TO TRADING IN THE
DEVELOPMENT OF THE THEN WE NEED TO ENSURE THAT WE DO NOT IMPEDE THE
TRYING TO SWAT HE SAID, ADDED THAT IN
TO KNOCK REPUTABLE END OF THE MARKET,
NOT CAREFUL THE IRRI" ATING FLY IN THE KITCHEN ONE MUST BE OVER THE STOVE.
WARNINGS WOULD
IMPORTANCE OF
TO BE ISSUED CONTINUE IN THE MEANTIME,
GREAT TAKING
CARE WHEN THROUGH THE MEDIA ABOUT THE
THROUGH CONSIDERING INVESTING IN LEVERAGED FOREIGN EXCHANGE CONTRACTS UNREGULATED COMPANIES.
WAS THE LESS CONCERN ABOUT OF
AS REGARDS DEALINGS IN GOLD, MR NENDICK SAID IT REPUTABLE FRINGE OPERATORS AND BUCKET SHOPS THAT GAVE RISE TO
THE PUBLIC TO EDUCATE HEIGHTENED AND
HAD BEEN PUBLICITY
THE POSSIBILITY THE RISKS OF TRADING THROUGH THE BUCKET SHOPS AND
OF THE GAMBLING PROVISIONS BY THE CAUGHT SUCH DEALINGS BEING ORDINANCE IN CERTAIN CIRCUMSTANCES.
AGAINST SUCH ΤΟ MONITOR THE OF THE RISKS
COMPLAINTS "I AM GLAD TO SAY THAT THE NUMBER OF
WE WILL SUBSIDED. HAS SINCE OPERATORS SITUATION AND REMIND THE PUBLIC FROM TIME TO HE SAID. TRADING WITH THE FRINGE OPERATORS,
MR NENDICK ADDED THAT
HIGH
WITH HIGH RISKS.
CONTINUE
TIME OF
RETURNS
USUALLY WERE
ASSOCIATED
GOLD,
IN FOREIGN CURRENCIES OR "IF INVESTORS WISH TO TRADE
SUCH THEY ARE BEST ADVISED TO APPROACH A LARGE AND REPUTABLE DEALER
UNDER THE BANKING AUTHORISED TAKING COMPANY AS A BANK OR DEPOSIT
THE
THE OFFICE ORDINANCE WHICH IS SUBJECT TO THE SUPERVISION OF COMMISSIONER OF BANKING.
+
THERE IS I BELIEVE ALSO
PRUDENCE AND CAUTION AND A DEGREE
A
NEED
OF
ΤΟ
EXERCISE DECIDING
INVESTORS FOR OF COMMON SENSE BEFORE WHETHER THEY SHOULD PARTICIPATE IN COMPLEX AND OFTEN VOLATILE MARKETS, WHICH TEND TO BE MORE FOR THE PROFESSIONALS," HE ADDED.
0
REVIEW OF FINANCIAL ASSISTANCE SCHEME TO MAC'S COMPLETED
* * *
ADMINISTRATION
HAS COMPLETED
A THE CITY AND NEW TERRITORIES
TO THE FINANCE REVIEW OF THE FINANCIAL ASSISTANCE SCHEME FOR MUTUAL AID COMMITTEES IN APRIL THIS YEAR AND ITS FINDINGS HAVE BEEN FORWARDED BRANCH FOR CONSIDERATION.
TSAO,
TOLD THE
то REPLY
A
WRITTEN THE SECRETARY FOR HOME AFFAIRS, THE HON PETER LEGISLATIVE COUNCIL THIS TODAY (WEDNESDAY) IN A QUESTION FROM THE HON CHAN YING-LUN.
MR TSAO ADDED THAT ONE OF THE RECOMMENDATIONS WAS TO RAISE CEILING FOR EXPENDITURE ON PHOTOCOPYING.
THE
0
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