XN000022-1994-01-31 — Page 7

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MONDAY, JANUARY 31, 1994

PROPRIETORS CONTRAVENING THE GENERAL DUTIES PROVISIONS OF FIUO WILL FACE A MAXIMUM FINE OF $200,000 AND TO IMPRISONMENT FOR MONTHS.

FAILS A PERSON EMPLOYED AT AN INDUSTRIAL UNDERTAKING WHO COMPLY WITH THE PROVISIONS ALSO COMMITS AN OFFENCE AND IS LIABLE TO MAXIMUM FINE OF $50,000 AND TO IMPRISONMENT FOR SIX MONTHS.

THE

SIK

TO

A

ΤΟ

UNPROTECTED

MR CHAN STRESSED THAT THE TRAGEDY ON SATURDAY WAS BELIEVED HAVE BEEN CAUSED BY A FIRE ARISING FROM UNCONTROLLED AND USE OF INFLAMMABLE SUBSTANCES CARRIED IN A GONDOLA.

"IT HAD NOTHING TO DO WITH THE MECHANICAL GONDOLA, NOR WAS THERE ANY APPARENT FAULT FOUND IN CONSTRUCTION OF THE GONDOLA, HE SAID.

AT

OF OPERATION

THE THE DESIGN AND

GOVERNING

PRESENT, THERE ARE STATUTORY SAFETY REQUIREMENTS THE USE AND MAINTENANCE OF LIFTING APPLIANCES, INCLUDING GONDOLAS.

MR

IN THE PROCESS SAID THE LABOUR DEPARTMENT WAS CHAN BRINGING IN A MORF SPECIFIC PIECE OF LEGISLATION TO IMPROVE THE

PLATFORMS, USE AND

WORKING MAINTENANCE OF ALL SUSPENDED GONDOLAS.

OF

SAFE INCLUDING

"THE PROPOSED IMPROVEMENTS ARE AIMED AT COVERING ALL ASPECTS OF SAFETY WHICH, NEEDLESS TO SAY, WILL INCLUDE FIRE HE ADDED.

ESSENTIAL SAFETY,

||

MONETARY STATISTICS FOR DECEMBER 1993

HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS DECREASED NOTABLY DURING DECEMBER 1993, MAINLY DUE TO THE REFUNDING OF STATISTICS PUBLISHED TODAY SHARE SUBSCRIPTION MONIES, ACCORDING TO (MONDAY) BY THE HONG KONG MONETARY AUTHORITY.

WITH CONSISTENT

KONG THE BROADEST HONG THIS,

SUPPLY,

IN DECEMBER. DECLINED HK$M3,

HONG KONG ADVANCES ALSO DECREASED DURING THE MONTH.

DOLLAR DOLLAR LOANS

MONEY AND

DEPOSTI'S

RESULT INFLUENCED BY THE HIGH COMPARISON BASE IN NOVEMBER AS A OF THREK FLOTATION

HONG KONG DOLLAR DEPOSITS WITH EXERCISES,

FELL BY AUTHORISED INSTITUTIONS (ADJUSTED TO INCLUDE SWAP DEPOSITS) 14.3% IN DECEMBER, FOLLOWING INCREASES OF 11.7% AND 15% IN OCTOBER AND FELL BY NOVEMBER RESPECTIVELY. AMONG THESE DEPOSITS, TIME DEPOSITS 25.4%.

ON THE OTHER HAND, DEMAND DEPOSITS AND SAVING DEPOSITS RECORDED MONTH. YEAR-ON- INCREASES OF 4.4% AND 4.5% RESPECTIVELY DURING THE YEAR, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 25.5%.

WITH

AUTHORISED

FOREIGN CURRENCY DEPOSITS INCREASED BY 0.2% IN DECEMBER, AFTER AN INCREASE OF 1.6%

A DECREASE OF 0.2% IN NOVEMBER.

AND

INSTITUTIONS OCTOBER

IN

/OF THESE