XN000022-1993-04-07 — Page 2

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WEDNESDAY, APRIL 7, 1993

STATEMENT ON NAVAL BASE REMOVAL * * * * *

THE CHINESE JLG OFFICE IN RESPONSE TO A STATEMENT ISSUED BY

TAMAR NAVAL BASE, A GOVERNMENT RELATING TO THE REMOVAL OF THE HMS SPOKESMAN MADE THE FOLLOWING STATEMENT:

"THE CHINESE SIDE HAS KNOWN THIS DECISION TO RELOCATE THE ROYAL THEREFORE MYSTIFIED BY THE NAVY TO STONECUTTERS SINCE 1989. WE ARE CHINESE STATEMENT.'

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NEW DIRECTOR FOR INFORMATION TECHNOLOGY SERVICES

HAD

THE GOVERNMENT ANNOUNCED TODAY (WEDNESDAY) THAT MR LAU KAM-HUNG BEEN APPOINTED TO SUCCEED DR C C GREENFIELD AS DIRECTOR OF INFORMATION TECHNOLOGY SERVICES WITH EFFECT FROM APRIL 1.

DR GREENFIELD HAS PROCEEDED ON LEAVE ON SERVICE WITH THE GOVERNMENT.

MR LAU, AGED 47, JOINED THE CIVIL SERVICE OFFICER II IN 1969.

COMPLETION OF HIS

AS AN EXECUTIVE

IN THE SAME YEAR, HE WAS APPOINTED TO THE ASSIGNMENT OFFICER GRADE, WHICH WAS SUBSEQUENTLY RETITLED AS ANALYST/PROGRAMMER.

MR LAU WAS PROMOTED TO ASSISTANT DIRECTOR OF INFORMATION TECHNOLOGY SERVICES IN JANUARY 1990 AND HAD BEEN ACTING AS DIRECTOR SINCE JUNE 1 LAST YEAR.

COMPANIES (AMENDMENT) (NO. 3) BILL TO BE GAZETTED TOMORROW

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THE EXISTING PROVIDE

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THE GOVERNMENT IS INTRODUCING CHANGES TO REVISE PROVISIONS ON DISQUALIFICATION OF COMPANY DIRECTORS TO EXTENSIVE AND MORE EFFECTIVE SANCTIONS, A GOVERNMENT SPOKESMAN SAID TODAY (WEDNESDAY).

THE AMENDMENTS WILL BR GAZETTED TOMORROW COMPANIES (AMENDMENT) (NO. 3) BILL 1993.

(THURSDAY) AS

"THE AMENDMENTS ARE NECESSARY TO FULFIL THE NEED FOR MORE EFFECTIVE MEASURES TO DEAL WITH COMPANY DIRECTORS WHO ABUSE THEIR OFFICE OR FAIL TO COMPLY WITH THEIR STATUTORY OBLIGATIONS, THE SPOKESMAN SAID.

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"THE EXISTING SECTIONS 157E AND 157F OF THE COMPANIES ORDINANCE WHICH EMPOWER COURTS TO DISQUALIFY DIRECTORS ON A DISCRETIONARY BASIS ARE BASED ON SIMILAR PROVISIONS IN THE UK COMPANIES ACT 1981 AND THE INSOLVENCY ACT 1976.

/"THESE UK