XN000022-1994-03-24 — Page 7

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THURSDAY, MARCH 24, 1994

THEY ARE ALSO INFORMED THAT UNLESS THEY WOULD PROVIDE BY MARCH 17 THIS YEAR DOCUMENTATION SHOWING A CONTRACT HAD BEEN SIGNED FOR THE REMOVAL OF THE WRECK TOGETHER WITH A WORK PLAN AND SCHEDULE, THE DIRECTOR OF MARINE WOULD TAKE ACTION то SEIZE THE VESSEL UNDER SECTION 21(3) OF THE SHIPPING AND PORT CONTROL ORDINANCE.

A FORMAL NOTICE OF THE SEIZURE OF THE VESSEL WILL

TOMORROW.

BE GAZETTED

"IF NO CLAIM FOR THE RELEASE OF THE VESSEL IS RECEIVED BY THE MARINE DEPARTMENT WITHIN 14 DAYS AFTER THE PUBLICATION OF THE NOTICE IN THE GAZETTE, THE VESSEL MAY BE PUT UP FOR AUCTION, MR HIRD SAID.

"THE LONGER THE WRECK IS ALLOWED TO REMAIN AT ITS PRESENT SITE WITHOUT ANY ATTEMPT TO REMOVE IT, THE GREATER THE RISK IS POSED EITHER BY BREAKING UP, CAUSING POLLUTION FROM RUPTURED OR DETERIORATED TANKS OR EVEN, IN TYPHOON CONDITIONS, OF COMING OFF THE BEACHING SITE, HE SAID.

t:

55 LEGCO MEMBERS DEBATE BUDGET

* * * * *

A TOTAL OF 55 LEGISLATIVE COUNCIL MEMBERS HAVE SPOKEN DEBATE ON THE APPROPRIATION BILL 1994 AT A TWO-DAY MEETING THAT TODAY (THURSDAY).

IN THE ENDED

DEBATE THE

WEDNESDAY (MARCH

30)

ON THE BILL IS FURTHER ADJOURNED UNTIL NEXT

WHEN GOVERNMENT OFFICIALS WILL

REPLY

TO

THE

POINTS RAISED.

HONG KONG MONETARY AUTHORITY

MONEY MARKET OPERATIONS * * * * *

CUMULATIVE

$ MILLION

TIME (HOURS)

CHANGE

($ MILLION)

OPENING BALANCE IN THE ACCOUNT

2,160

0930

+399

CLOSING BALANCE IN THE ACCOUNT

3,209

1000

+399

CHANGE ATTRIBUTABLE TO :

1100

+824

MONEY MARKET ACTIVITY LAF TODAY

+824

1200

+824

+225

1500

+824

1600

+824

LAF RATE 2.00 BID/4.00 OFFER

TWI 125.8

*+0.1*

24.3. 94

HONG KONG