XN000022-1991-12-27 — Page 15

FRIDAY, DECEMBER 27, 1991

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IN ADDITION, THE BOUNDARIES OF THE "OPEN SPACE" AND GIC ZONES AT THE SOUTHERN WATERFRONT WOULD BE ADJUSTED TO BETTER REFLECT THE SITE REQUIREMENT OF THE SALT WATER PUMPING STATION DEVELOPMENT.

MEANWHILE, PART OF THE TAI TAM COUNTRY PARK AND SHEK O COUNTRY PARK WOULD BE REZONED FROM "GREEN BELT" TO NEW "COUNTRY PARK" ZONE.

THE DRAFT AMENDMENT PLAN TOGETHER WITH THE SCHEDULE OF AMENDMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE HONG KONG DISTRICT PLANNING OFFICE, THE PLANNING DEPARTMENT HEADQUARTERS

AND, THE EASTERN DISTRICT OFFICE UNTIL FEBRUARY 27 NEXT YEAR.

ANY PERSON AFFECTED BY THE AMENDMENTS MAY SEND HIS OBJECTION IN WRITING TO THE SECRETARY OF THE TOWN PLANNING BOARD, C/O PLANNING DEPARTMENT, 16TH FLOOR, MURRAY BUILDING, GARDEN ROAD, HONG KONG BY THE ABOVE DATE.

TRUSTEE ORDINANCE (AMENDMENT OF SECOND SCHEDULE) ORDER 1991

* *

THE TRUSTEE ORDINANCE (AMENDMENT OF SECOND 1991, PUBLISHED IN THE

SCHEDULE) ORDER GAZETTE TODAY (FRIDAY), REMOVES SECURITIES ISSUED BY THE HONG KONG BUILDING AND LOAN AGENCY LIMITED LIST OF AUTHORISED INVESTMENTS SPECIFIED IN THE SECOND THE TRUSTEE ORDINANCE, A GOVERNMENT SPOKESMAN SAID.

FROM THE SCHEDULE TO

PROVIDES THAT A INVESTMENT

SECTION 4(1)(A) OF THE TRUSTEE ORDINANCE TRUSTEE MAY INVEST ANY TRUST FUNDS IN HIS HANDS IN ANY SPECIFIED IN THE SECOND SCHEDULE.

"PRIOR TO THE PUBLICATION OF THE ORDER, SECURITIES THE HONG KONG BUILDING AND LOAN AGENCY LIMITED, THE PAYMENT IS GUARANTEED BY THE GOVERNMENT IS SPECIFIED AS AN INVESTMENT, UNDER PART II OF THE SECOND SCHEDULE,

H

ISSUED BY OF WHICH AUTHORISED THE SPOKESMAN SAID.

THE SHARES OF THE AGENCY WERE PREVIOUSLY HELD BY FOUR BANKS SUPERVISED UNDER THE BANKING ORDINANCE, THE FINANCIAL INCORPORATED AND THE COMMONWEALTH DEVELOPMENT CORPORATION.

LICENSED SECRETARY

LIMITED SECURITIES

"THESE SHARES WERE SOLD TO LIPPO CAPITAL CORPORATION IN FEBRUARY 1991. ALL OUTSTANDING GOVERNMENT-GUARANTEED ISSUED BY THE AGENCY WERE REDEEMED BEFORE THE SALE, HE SAID.

SUPERVISED

AS LIPPO IS NEITHER A GOVERNMENT BODY NOR A INSTITUTION, THE AGENCY'S SECURITIES ARE NO LONGER GUARANTEED BY THE GOVERNMENT AND DO NOT THEREFORE QUALIFY AS AN AUTHORISED UNDER THE ORDINANCE.

"THIS ITEM HAS NOW BEEN REMOVED FROM ORDINANCE BY ORDER OF THE GOVERNOR IN COUNCIL,

INVESTMENT

THE SAID PART OF THE

THE SPOKESMAN SAID.

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