XN000022-1994-07-13 — Page 12

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INSIDER DEALING TRIBUNAL

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WEDNESDAY, JULY 13, 1994

FINANCIAL

THE GOVERNMENT ANNOUNCED TODAY (WEDNESDAY) THAT THE SECRETARY HAS APPOINTED MR DEREK MURPHY AND PROFESSOR RICHARD HO YAN- FOR THE SECOND KI AS LAY MEMBERS TO THE INSIDER DEALING TRIBUNAL

(INSIDER

INQUIRY

UNDER THE

SECURITIES

DEALING)

INSIDER ORDINANCE.

DEALING

THE

STIPULATES THAT THE ORDINANCE

INSIDER

DEALING

TRIBUNAL

SHALL COMPRISE A CHAIRMAN, WHO MUST BE A JUDGE APPOINTED FOR A TERM OF THREE YEARS, AND TWO MEMBERS APPOINTED ON A CASE BY CASE BASIS.

STOCK. THE TRIBUNAL IS CURRENTLY CHAIRED BY MR JUSTICE FIRST HEARING CONDUCTED BY THE TRIBUNAL IN RELATION TO THE TRADING SHARES IN SUCCESS HOLDINGS LIMITED HAS BEEN COMPLETED.

THE

OF

IN FEBRUARY 1994, THE FINANCIAL SECRETARY, IN EXERCISE OF HIS AUTHORITY

REFERRED TO THE ORDINANCE, UNDER SECTION 16(2) OF THE

SHARES OF TRIBUNAL FOR AN INQUIRY A CASE INVOLVING DEALINGS IN THE PUBLIC INTERNATIONAL INVESTMENTS LIMITED (PIIL) IN DECEMBER 1992 AN INQUIRY.

UNDER EXISTING LEGISLATION, A DIFFERENTLY CONSTITUTED COULD NOT BE APPOINTED FOR THE SECOND CASE UNTIL THE FIRST HAD COMPLETED ITS WORK ON THE SUCCESS HOLDINGS INQUIRY.

COMPANY

TRIBUNAL TRIBUNAL

HE IS GROUP

A LIMITED,

LISTED

MR MURPHY SERVED ON THE FIRST TRIBUNAL HEARING. VICE-PRESIDENT OF THE FIRST PACIFIC INVESTMENT AND MANAGEMENT COMPANY.

DIRECTOR

AS

PRIOR TO HIS PRESENT POSITION, MR MURPHY WAS MANAGING OF WARDLEY INVESTMENT SERVICES (HK) LTD FOLLOWING HIS RESIGNATION DEPUTY COMMISSIONER FOR SECURITIES IN 1987.

PROFESSOR HO IS THE HEAD OF THE DEPARTMENT OF FINANCE OF THE CITY POLYTECHNIC OF HONG KONG.

ECONOMICS AND

THE PRELIMINARY HEARING FOR THE PIIL CASE IS EXPECTED HELD IN EARLY TO MID-AUGUST.

TO BE

-

0

-

JUNE AIR QUALITY REPORT

THE

ENVIRONMENTAL

PROTECTION DEPARTMENT

RELEASED AIR QUALITY INFORMATION FOR LAST MONTH.

A SPOKESMAN

FOR

THE DEPARTMENT

SAID

TODAY

(WEDNESDAY)

PURPOSE THE

OF

THE

ANNOUNCEMENT WAS TO KEEP THE PUBLIC INFORMED OF THE AIR QUALITY LEVELS IN THE TERRITORY AND TO EXPLAIN THE MEASUREMENTS.

MONG кок,

THE ANNOUNCEMENT CONTAINS MONITORING RESULTS FROM CENTRAL/WESTERN AND KWAI CHUNG. THESE LOCATIONS ARE TYPICAL OF OF THE IMPORTANT LAND USE TYPES FOUND IN THE TERRITORY:

THREE

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