XN000022-1991-05-01 — Page 32

WEDNESDAY, MAY 1, 1991

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RE-APPOINTMENT TO SECURITIES AND FUTURES COMMISSION

THE GOVERNOR HAS RE-APPOINTED MESSRS DENIS CHANG, DENYS CONNOLLY AND PETER WONG AS NON-EXECUTIVE DIRECTORS OF THE SECURITIES AND FUTURES COMMISSION (SFC), AND IN ADDITION TO THAT, AS MEMBERS OF THE SECURITIES AND FUTURES APPEALS PANEL, FROM MAY 1 FOR PERIODS FROM SIX MONTHS TO ONE YEAR, THE SECRETARY FOR MONETARY AFFAIRS, MR DAVID NENDICK, ANNOUNCED TODAY (WEDNESDAY).

SHALL

UNDER SECTION 5 OF THE SFC ORDINANCE, THE GOVERNOR APPOINT NOT LESS THAN EIGHT DIRECTORS TO THE SFC, HALF OF WHOM SHALL BE NON-EXECUTIVE DIRECTORS. AT PRESENT THE COMMISSION IS SERVED BY 12

DIRECTORS.

"THE NON-EXECUTIVE DIRECTORS WILL CONTINUE ΤΟ BRING INDEPENDENT VIEW TO THE MANAGEMENT AND ORGANISATION OF THE SFC.

"THEY WILL BE FULLY INVOLVED IN ITS POLICY DEVELOPMENT," NENDICK SAID.

AN

MR

VEHICLES MEETING NEW STRINGENT EMISSION STANDARDS CAN REGISTER NOW

AS A RESULT OF THE SMOOTH INTRODUCTION OF UNLEADED PETROL (ULP) IN HONG KONG, THE ENVIRONMENTAL PROTECTION DEPARTMENT HAS ADVISED THE TRANSPORT DEPARTMENT THAT REGISTRATION OF VEHICLES COMPLYING WITH THE NEW STRINGENT EMISSION STANDARDS CAN COMMENCE TODAY (WEDNESDAY),

"SINCE WE ARE SATISFIED WITH THE LEAD CONTENT IN OUR ULP, WE ARE PREPARED TO ALLOW VEHICLES MEETING THE NEW STANDARDS ΤΟ BE REGISTERED STARTING FROM TODAY, PROVIDED OF COURSE, THAT FULL CERTIFICATION OF COMPLIANCE FROM THE MANUFACTURER IS SUPPLIED AND THAT THE VEHICLES MEET ALL OTHER REGISTRATION REQUIREMENTS OF THE TRANSPORT DEPARTMENT, AN ASSISTANT DIRECTOR OF THE ENVIRONMENTAL

"

PROTECTION DEPARTMENT, MR FRED TROMP, SAID.

OF

MR TROMP SAID THE GOVERNMENT RECENTLY CONDUCTED AN ANALYSIS ULP SAMPLES TAKEN FROM PETROL FILLING STATIONS ACROSS THE TERRITORY, AND RESULTS SHOWED THAT THE LEAD LEVELS WERE MUCH LOWER THAN THE STANDARD SET BY LAW.

"THE LAW REQUIRES THAT THE LEAD CONCENTRATION IN ULP EXCEED 0.013 GRAMS PER LITRE. THE LEVELS IN OUR SAMPLES LOWER THAN THIS, HE SAID.

"

MUST NOT

·

ARE MUCH

LEAD LEVELS HAVE TO BE LIMITED ΤΟ PROTECT THE CATALYTIC CONVERTER, WHICH IS THE VEHICLE EMISSION CONTROL DEVICE THAT ENABLES PETROL VEHICLES TO MEET THE STRINGENT EMISSION STANDARDS MANDATED UNDER THE NEW REGULATIONS.

/"IMPLEMENTATION OF