XN000022-1990-07-16 — Page 7

MONDAY, JULY 1, 1990

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DEADLINE FOR SUBMISSIONS ON FOREX DEALINGS

WRITTEN-SUBMISSIONS TO THE WORKING GROUP SET UP ΤΟ STUDY THE NEED TO IMPOSE CONTROL ON LEVERAGED DEALINGS IN FOREIGN EXCHANGE BY RETAIL INVESTMENT COMPANIES HAVE TO BE MADE BEFORE THE END OF THIS (JULY) MONTH, A GOVERNMENT SPOKESMAN SAID TODAY (MONDAY).

MONETARY

THE GROUP, WHICH WAS FORMED BY THE SECRETARY FOR AFFAIRS UNDER THE MONETARY AFFAIRS BRANCH, HAS BEEN INVITING WRITTEN SUBMISSIONS ON THE SUBJECT IN EARLY JUNE.

AND ORGANISATIONS HAVE

"SINCE THEN A NUMBER OF INDIVIDUALS SENT IN THEIR SUBMISSIONS, THE SPOKESMAN SAID.

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CHAIRED BY THE DEPUTY SECRETARY FOR MONETARY AFFAIRS, THE WORKING GROUP INCLUDES REPRESENTATIVES FROM THE OFFICE OF COMMISSIONER OF BANKING AND THE SECURITIES AND FUTURES COMMISSION.

"IT WILL EXAMINE ALL THE SUBMISSIONS BEFORE DECIDING WHETHER. AND IF SO WHAT CONTROL SHOULD BE IMPOSED ON LEVERAGED DEALINGS IN FOREIGN EXCHANGE BY COMPANIES WHICH ARE NOT SUBJECT ΤΟ THE EXISTING SUPERVISION AND REGULATION FROM THE COMMISSIONER OF BANKING AND THE SECURITIES AND FUTURES COMMISSION, THE SPOKESMAN SAID.

FOR

WRITTEN SUBMISSIONS SHOULD BE SENT TO THE DEPUTY SECRETARY MONETARY AFFAIRS AT THE MONETARY AFFAIRS BRANCH, 24TH FLOOR, ADMIRALTY CENTRE, TOWER 2, 18 HARCOURT ROAD.

ALL WRITTEN SUBMISSIONS WILL BE TREATED IN STRICT CONFIDENCE.

0

NEW YAU TSIM OFFICE CONTINUES TO SERVE DISTRICT

י.

REDEVELOPMENT AND IMPROVEMENT PROJECTS UNDERTAKEN IN IN THE NEXT FEW YEARS WILL BRING ABOUT A FACELIFT FOR THE THE REGIONAL SECRETARY FOR HONG KONG AND KOWLOON, MR DAVID TODAY (MONDAY).

YAU TSIM

DISTRICT, LAN, SAID

HE WAS SPEAKING AT THE OPENING CEREMONY OF THE NEW OFFICE OF THE YAU TSIM DISTRICT OFFICE AND YAU TSIM DISTRICT BOARD.

CITING THE "SIX STREETS" REDEVELOPMENT SCHEME AS EXAMPLE, MR LAN SAID THIS WAS TO BE COMPLETED IN TWO PHASES AND THE WHOLE SCHEME WOULD EVENTUALLY PROVIDE THE DISTRICT WITH A LARGE NUMBER OF BUILDINGS, EITHER FOR SALE OR FOR RENTAL, AS WELL AS COMMUNITY FACILITIES AND RECREATIONAL AREAS.

"THIS, TOGETHER WITH THE REDEVELOPMENT OF YUNNAN LANE AND THE RECLAMATION OF THE YAU MA TEI TYPHOON SHELTER, WOULD RESULT IN A NEW OUTLOOK FOR THE DISTRICT,

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HE SAID.

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