18
FRIDAY, NOVEMBER 22, 1991
"AS A VICTIM OF WHAT. WE REGARD AS UNFAIR ALLEGATIONS OF DUMPING REVISED GATT ANTI-DUMPING IN RECENT YEARS, WE ARE STRIVING FOR A AGREEMENT WHICH WOULD BE FAIRER, MORE TRANSPARENT AND MORE PRECISE ITS APPLICATION, HE SAID.
11
IN
RULES WHICH MR CHAU POINTED OUT THAT ANOTHER ASPECT OF GATT
KONG IS THE SO CALLED COMMANDS A VERY HIGH PRIORITY FOR HONG
TO RESTRICT "SAFEGUARD" PROVISION ON THE USE OF EMERGENCY MEASURES IMPORT INJURING THE DOMESTIC INDUSTRY.
THIS ISSUE IS PARTICULARLY IMPORTANT TO HONG KONG BECAUSE SAFEGUARD PROVISION WILL APPLY TO TRADE IN TEXTILES AND CLOTHING IT IS BROUGHT BACK UNDER THE GATT RULES," HE SAID.
"HONG
THE
WHEN
11
THE PRINCIPLE THAT KONG IS SEEKING AN AFFIRMATION OF
BASIS, SAFEGUARD ACTION CAN ONLY BE APPLIED ON A NON-DISCRIMINATORY MR CHAU SAID.
SALE OF EXCHANGE FUND'S SHARES IN CROSS-HARBOUR TUNNEL LTD
30,774,255
ANNOUNCES THAT, THE FINANCIAL ADVISER TO HAS TODAY (FRIDAY) SOLD
OF
ON
THE
THE
SHARES
IN
THE DIRECTOR, OFFICE OF THE EXCHANGE FUND THE ADVICE OF HAMBRO PACIFIC LIMITED, EXCHANGE FUND IN THIS TRANSACTION, HE
SHAREHOLDING ENTIRE EXCHANGE FUND'S
24.33 CROSS-HARBOUR TUNNEL COMPANY (CHTC), REPRESENTING APPROXIMATELY
CAPITAL, ΤΟ THE WHARF (HOLDINGS) PER CENT OF CHTC'S ISSUED
OF APPROXIMATELY HK$370 CONSIDERATION A TOTAL LIMITED GROUP FOR MILLION, EQUIVALENT TO ABOUT $12 PER SHARE.
SHARE
FOR
THE SALE IS IN ACCORDANCE WITH THE LONG DECLARED INTENTION
ON THE GROUND THE EXCHANGE FUND TO DISPOSE OF ITS HOLDINGS IN CHTC, THAT THIS IS NOT AN APPROPRIATE ASSET TO BE HELD BY THE EXCHANGE FUND.
THE TWO GOVERNMENT APPOINTED DIRECTORS, MR R.W. CANDLER AND G.K.C. SIU WILL TENDER THEIR RESIGNATIONS TO THE BOARD OF CHTC.
MR
0
HK IS BASE FOR GERMAN BUSINESS INTERESTS IN THE REGION
PROMOTE THEIR
THE DIRECTOR-GENERAL OF INDUSTRY, MR T.H. BARMA, TODAY (FRIDAY) URGED GERMAN BUSINESSMEN TO USE HONG KONG AS A BASE TO BUSINESS INTERESTS IN THE ASIA-PACIFIC REGION.
MR BARMA WAS SPEAKING AT A SEMINAR ORGANISED BY
INVESTMENT CHAMBER OF COMMERCE DURING AN INDUSTRIAL IN EUROPE.
THE FRANKFURT PROMOTION VISIT
/HE SAID
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