XN000022-1993-06-02 — Page 38

WEDNESDAY, JUNE 2, 1993

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"DETAILS OF THESE IMPROVEMENTS WILL BE ANNOUNCED AS AGREEMENT IS REACHED, MR TELFORD SAID.

*

SOON AS

GUIDELINES HAD BEEN MADE AVAILABLE TO ALL ELIGIBLE PUBLIC TRANSPORT OPERATORS ON HOW TO SEEK EXEMPTION FROM GOVERNMENT LICENCE FEES AND RENTAL PAYMENTS, IN ORDER TO HELP FINANCE CONCESSIONARY SCHEMES FOR THE ELDERLY, HE ADDED.

FARE

COMMITTEE SUPPORTS BEIJING'S OLYMPIC GAMES BID

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HONG KONG'S SUPPORT FOR BEIJING'S BID TO HOST THE OLYMPIC GAMES IN THE YEAR 2000 SHOULD MORE APPROPRIATELY COME FROM THE HONG KONG AMATEUR SPORTS FEDERATION AND OLYMPIC COMMITTEE, THE SECRETARY FOR RECREATION AND CULTURE, MR JAMES SO, TOLD THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

HE SAID THE COMMITTEE HAD ALREADY MADE KNOWN ITS STAND IN SUPPORT OF BEIJING IN FEBRUARY THIS YEAR.

IN

A WRITTEN REPLY TO A QUESTION BY THE HON MARTIN BARROW, MR SO SAID THE SELECTION OF THE HOST CITY WAS BASICALLY A MATTER FOR THE INTERNATIONAL OLYMPIC COMMITTEE, WHICH IS MADE UP OF REPRESENTATIVES THE OLYMPIC COMMITTEES OF THE PARTICIPATING COUNTRIES AND TERRITORIES.

OF

THE INTERNATIONAL OLYMPIC COMMITTEE IS EXPECTED то MAKE A DECISION ON THE HOST CITY IN SEPTEMBER THIS YEAR.

MR SO ALSO TOLD THE COUNCIL THAT THE GOVERNMENT WAS AWARE THAT IP BEIJING WERE TO BE SELECTED AS THE HOST CITY, HONG KONG WOULD BENEFIT IN TOURISM AND OTHER AREAS.

"HOWEVER, IT WOULD BE PREMATURE, AT THIS STAGE, TO GAUGE THE EXTENT OF THESE BENEFITS, HE ADDED.

MARKET BEHAVIOUR PROPERLY MONITORED

ANY

ON

THE SECURITIES AND FUTURES COMMISSION (SFC) HAS NOT DETECTED IMPROPER BEHAVIOUR IN CONNECTION WITH RECENT MARKET MOVEMENTS WHICH IT COULD TAKE ACTION UNDER THE PROVISIONS OF THE SECURITIES (INSIDER DEALING) ORDINANCE 1990.

NEVERTHELESS, THE SFC WILL CONTINUE TO MONITOR AND TAKE ACTION AS AND WHEN NECESSARY, THE SECRETARY FOR FINANCIAL SERVICES, MR MICHAEL CARTLAND, SAID IN A WRITTEN REPLY TO A QUESTION BY DR THE HON HUANG CHEN-YA IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

/HE POINTED