XN000022-1990-08-06 — Page 2

MONDAY, AUGUST 6, 1990

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SMALL INVESTORS SHOULD STAY PUT: FS

COMMENTING ON TRADING ON THE STOCK MARKET TODAY (MONDAY), THE ACTING FINANCIAL SECRETARY, MR DAVID NENDICK, SAID: "WHEN MARKETS ARE VOLATILE AS THEY ARE AT PRESENT, IT IS WISER FOR THE SMALL INVESTOR TO STAY PUT.

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"SUCH TIMES ARE NOT GOOD EITHER FOR THOSE WHO WANT TO SELL OR THOSE WHO WANT TO BUY AND IT IS BEST TO WAIT UNTIL MARKETS STABILISE, HE SAID.

"CERTAINLY THERE IS NO REASON FOR INVESTORS ΤΟ PANIC, SOONER OR LATER THE MARKETS WILL SETTLE DOWN AGAIN AND PRICES WILL REFLECT THE INTRINSIC STRENGTH OF THE HONG KONG ECONOMY WHICH IS STILL PERFORMING SATISFACTORILY MR NENDICK POINTED OUT.

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STATEMENT ON FREEZING KUWAITI ASSETS

A GOVERNMENT SPOKESMAN SAID TODAY (MONDAY) THAT THE GOVERNMENT WOULD MOST PROBABLY FOLLOW THE UNITED KINGDOM'S FREEZING KUWAITI ASSETS IN HONG KONG.

HONG KONG

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THE PRECISE FORM IS TO BE FINALISED SHORTLY. THE HONG KONG GOVERNMENT IS CONSULTING THE UNITED KINGDOM GOVERNMENT ON THIS MATTER.

87.5 PER CENT JSEA PARTICIPANTS ALLOCATED AIDED SECONDARY 4 PLACES

THE PERCENTAGE OF STUDENTS WHO HAVE BEEN ALLOCATED AIDED SECONDARY 4 PLACES HAS AGAIN INCREASED THIS YEAR, AN EDUCATION DEPARTMENT SPOKESMAN SAID TODAY (MONDAY) IN ANNOUNCING THE ALLOCATION RESULTS OF THE JUNIOR SECONDARY EDUCATION ASSESSMENT (JSEA) SYSTEM.

ACCORDING TO THE SPOKESMAN, 78,289 STUDENTS PARTICIPATED IN THE JSEA SYSTEM THIS YEAR.

APART FROM 4,674 STUDENTS WHO, THROUGH INTERVIEWS, HAVE BEEN OFFERED ADMISSION TO THE FULL-TIME POST-SECONDARY 3 CRAFT COURSES IN THE TECHNICAL INSTITUTES AND INDUSTRY TRAINING CENTRES OF THE VOCATIONAL TRAINING COUNCIL, CONSTRUCTION INDUSTRY TRAINING CENTRES AND CLOTHING INDUSTRY TRAINING CENTRES AND ANOTHER 1,110 STUDENTS WHO HAVE OPTED OUT DURING THE YEAR, 87.5 PER CENT OF THOSE REMAINING, OR 63,469 STUDENTS, WERE ALLOCATED AIDED SECONDARY 4 PLACES, COMPARED WITH 79.2 PER CENT LAST YEAR.

/THIS INCLUDED