XN000022-1994-06-23 — Page 7

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THURSDAY, JUNE 23, 1994

TO THE LATTER

FURTHER TOWARDS THE

1997 RISK'

"WE ARE ALSO CONSIDERING PUSHING THE BENCHMARK YIELD FIVE-YEAR RANGE, A DECISION WHICH WOULD BE MADE PART OF THIS YEAR WHEN MARKET PERCEPTION OF THE BECOMES CLEARER ON THE LAUNCH OF THE JULY ISSUE OF THREE-YEAR EXCHANGE FUND NOTES, THE FIRST OF ITS KIND WITH A REPAYMENT DATE 1997," HE SAID.

ON

PROVIDING AN

BEYOND JUNE

ATTRACTIVE ENVIRONMENT FOR THE FURTHER

HAMISH POINTED OUT THAT THE

MEASURES

DEVELOPMENT OF THE MARKET, SIR EXCHANGE HAD INTRODUCED A NUMBER OF LISTINGS OF DEBT INSTRUMENTS ON THE EXCHANGE.

ΤΟ RECENTLY

STOCK ENCOURAGE

BESIDES WORKING WITH THE STOCK BXCHANGE AND THE MARKET THE GOVERNMENT PRACTITIONERS TO CONSIDER MEANS TO DEVELOP THE MARKET, HAD THROUGH THE HONG KONG MONETARY AUTHORITY BEEN PROVIDNIG A CENTRAL RUN BY THE CLEARING AND SETTLEMENT SYSTEM FOR EXCHANGE FUND PAPER CENTRAL MONEYMARKETS UNIT (CMU) SINCE MARCH 1990, HE SAID.

HAS SINCE JANUARY 31 THIS YEAR EXTENDED THE CMU CLEARING AND CUSTODIAN SERVICE TO HONG KONG DOLLAR PAPER PARTIES OTHER THAN THE GOVERNMENT.

A

SIMILAR ISSUED BY

GOVERNMENT

AND

PAYMENT

SIR HANISH ADDED THAT BEYOND THE CMU SERVICE, THE

THE то WAS ALSO LOOKING AT VARIOUS ISSUES RELATING SETTLEMENT SYSTEM, WHICH WOULD HOPEFULLY MAKE DELIVERY AGAINST PAYMENT POSSIBLE AND THEREBY GREATLY REDUCING SETTLEMENT RISKS.

0

—

JLG ADJOURN TODAY

IN ORDER TO ENABLE THE DEFENCE LANDS EXPERTS TO COMPLETE THEIR DISCUSSIONS, THE JOINT LIAISON GROUP HAVE DECIDED TO ADJOURN THEIR MEETING TODAY (THURSDAY). THE MEETING WILL RESUME ON MONDAY (JUNE 27). (FRIDAY).

THE AIRPORT COMMITTEE WILL, AS ANNOUNCED, MEET TOMORROW

WHITEHEAD REPORT DEFENDED

BY

A GOVERNMENT SPOKESMAN TODAY (THURSDAY) REJECTED CRITICISMS FIVE UNITED STATES-BASED PRESSURE GROUPS OF THE WHITEHEAD REPORT AND THE GOVERNMENT'S RESPONSE TO ITS FINDINGS AND RECOMMENDATIONS.

THE SPOKESMAN SAID IN RESPONSE TO PUBLIC CONCERN, THE GOVERNOR ASKED TWO JUSTICES OF THE PEACE (JPS) TO CONDUCT A THOROUGH AND ENTIRELY INDEPENDENT INQUIRY INTO THE EVENTS AT THE WHITEHEAD DETENTION CENTRE ON APRIL 7.

THEY INTERVIEWED 265 VIETNAMESE WITNESSES, ABOUT 100 OFFICERS IN THE PUBLIC SERVICE, AS WELL AS UNITED NATIONS HIGH COMMISSIONER FOR REFUGEES OFFICIALS AND REPRESENTATIVES OF OTHER NON-GOVERNMENT ORGANISATIONS.

/THEY ALSO