XN000022-1991-04-24 — Page 16

15

WEDNESDAY, APRIL 24, 1991

PERSPECTIVE,

IT

IS NOT

WHOLLY OF

BE

THE

"FIRST, FROM A REGULATORY SATISFACTORY TO TARGET THE OWNERSHIP OF SHARES BECAUSE THE CONTROL A LICENSEE COMPANY (AND THAT IS ACTUALLY WHAT MAY NOT BE DEPENDENT ON THE OWNERSHIP OF EXERCISED THROUGH LEGAL, ACTUAL SHAREHOLDER OR BENEFICIAL OWNER.

FAMILY

AND

WE SEEK TO RESTRICT) SHARES ALONE, BUT MAY

WITH OTHER RELATIONSHIPS

ON

INCLUDING OWNERS,

"SECONDLY, THE RESTRICTIONS SHAREHOLDERS, HAVE PROVED TO BE AN IMPEDIMENT TO THE TRADE OF LICENSEE COMPANIES," MR TSAO SAID.

NOMINEE IN SHARES

ROUTINE MEANS SAID IT WAS INHIBIT THE TRANSFER

AS SHAREHOLDINGS IN THE NAMES OF NOMINEES WAS A OF INVESTMENT IN PUBLIC COMPANIES IN HONG KONG, MR TSAO NOT THE WISH OF THE GOVERNMENT ARTIFICIALLY TO OF SHARES IN HONG KONG REGISTERED COMPANIES.

BY

SHARES NOMINEE INFLUENCE IN EXERCISED BY

"THIS BILL REPEALS THE RESTRICTIONS ON THE OWNERSHIP OF

THE

ON PROHIBITION PERSONS AND REMOVES UNQUALIFIED

RETAINS RESTRICTIONS ON NON-LOCAL SHAREHOLDERS, BUT TELEVISION LICENSEE COMPANIES BY TARGETTING THE CONTROL UNQUALIFIED VOTING CONTROLLERS RATHER THAN THE OWNERSHIP OF SHARES

SUCH PERSONS.

HAS

THE

BY

ADVANTAGE

OF MORE EFFECTIVELY

SOUGHT TO

REGULATE,** MR

"WE BELIEVE THIS REGULATING WHAT OUR LEGISLATION HAS ALWAYS

TSAO SAID.

DEBATE ON THE BILL WAS ADJOURNED.

AMENDMENT BILL ENSURES GOVT'S ABILITY TO IMPLEMENT

ARRANGEMENTS FOR ASYLUM SEEKERS

* *

NUMBER OF THE IMMIGRATION { AMENDMENT) BILL 1991 WILL MAKE A

THE GOVERNMENT'S AMENDMENTS TO THE IMMIGRATION ORDINANCE TO ENSURE ABILITY TO IMPLEMENT THE ARRANGEMENTS AGREED INTERNATIONALLY FOR AS SET DOWN IN VIETNAM, TREATMENT OF ASYLUM SEEKERS COMPREHENSIVE PLAN OF ACTION.

FROM

THE THE

THIS WAS STATED BY THE SECRETARY FOR SECURITY, THE HON ALISTAIR ASPREY, TODAY (WEDNESDAY) IN THE LEGISLATIVE COUNCIL WHEN HE MOVED THE SECOND READING OF THE BILL.

SAID:

OUTLINING THE FIVE PRINCIPAL AIMS OF THE BILL, MR ASPREY

IS DETAINED PENDING "THE FIRST IS TO ENSURE THAT, WHERE A PERSON DETERMINATION OF HIS STATUS AS A REFUGEE OR NOT, THE REASONABLENESS OF THE LENGTH OF DETENTION SHOULD BE CONSIDERED IN THE LIGHT OF ALL CIRCUMSTANCES, INCLUDING THE NUMBER OF PERSONS WAITING TO BE SCREENED, AND THE AVAILABLE RESOURCES.

THE

/"THE SECOND