XN000022-1994-01-26 — Page 19

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WEDNESDAY, JANUARY 26, 1994

THEY

HE SAID BECAUSE THESE INSTRUMENTS WERE ISSUED BY A THIRD PARTY, LISTED WERE

RELEVANT NOT CLASSIFIED AS THE SECURITIES OF THE CORPORATION AND THUS THEIR TRADING FELL OUTSIDE THE SCOPE OF "INSIDER DEALING".

THE SAMB APPLIES WHERE THE PRODUCTS ARE NOT LISTED IN THE TERRITORY, HE ADDED.

THE BILL PROVIDES THAT INSIDER DEALING WILL COVER THIRD-PARTY- ISSUED DERIVATIVE PRODUCTS IN RESPECT OF LISTED SECURITIES IN HONG KONG, WHETHER OR NOT THESE PRODUCTS ARE LISTED HERE.

DEBATE ON THE BILL WAS ADJOURNED.

0

BILL ON HK INSTITUTE OF EDUCATION INTRODUCED

OF

A BILL SEEKING TO INCORPORATE THE HONG KONG INSTITUTE EDUCATION (HKIED) AS AN AUTONOMOUS TERTIARY INSTITUTION WAS INTRODUCED INTO THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

OF

MR

MOVING THE SECOND READING OF THE HONG KONG INSTITUTE EDUCATION BILL, THE ACTING SECRETARY FOR EDUCATION AND MANPOWER, W K LAM, SAID THE ESTABLISHMENT OF THE INSTITUTE WAS AIMED TO UPGRADE THE QUALITY OF TEACHER EDUCATION AND CONTINUOUS PROFESSIONAL DEVELOPMENT OF TEACHERS IN HONG KONG.

"THE NEW UNITARY INSTITUTE WILL SUBSUME THE EXISTING COLLEGES OF EDUCATION AND THE INSTITUTE OF LANGUAGE IN EDUCATION, WHICH ARE CURRENTLY MANAGED BY THE EDUCATION DEPARTMENT, HE SAID.

*

UNDER THE BILL, A COUNCIL WILL BE APPOINTED BY THE GOVERNOR IN HIS CAPACITY AS THE PRESIDENT OF THE INSTITUTE.

IT WILL COMPRISE THE DIRECTOR AND DEPUTY DIRECTORS OF THE HKIED, PUBLIC OFFICERS, NOMINEES FROM THE ACADEMIC BOARD, A STAFF REPRESENTATIVE, MEMBERS OF THE PUBLIC WHO HAVE EXPERIENCE IN COMMERCE, INDUSTRY OR A PROFESSION IN HONG KONG, AND OTHERS WHO ARE EXPERIENCED IN HIGHER EDUCATION IN HONG KONG OR ELSEWHERE.

THE BILL ALSO PROVIDES FOR THE APPOINTMENT OF AN ACADEMIC BOARD TO

PLAN ACADEMIC PROGRAMMES, REGULATE STUDENT ADMISSION AND CONFER ACADEMIC AWARDS.

MR LAM SAID THE PROVISIONAL GOVERNING COUNCIL OF THE HKIED HAD BEEN MAKING GOOD PROGRESS SINCE ITS APPOINTMENT IN JANUARY 1993.

THE COUNCIL HAS APPOINTED THE DIRECTOR FOR THE INSTITUTE IS RECRUITING OTHER KEY ADMINISTRATIVE AND ACADEMIC STAFF.

AND

AND

IT IS ALSO PLANNING THE DEVELOPMENT OF A NEW CAMPUS IN TAI PO IS ENGAGED IN WORKING OUT ARRANGEMENTS FOR INTEGRATING QUALIFIED SERVING STAFF INTO THE INSTITUTE, MR LAM SAID.

DEBATE ON THE BILL WAS ADJOURNED.

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