XN000022-1994-08-08 — Page 3

MONDAY, AUGUST 8, 1994

TRANSCRIPT OF ACTING GOVERNOR SPEAKING TO THE PRESS

THE

MRS

OFFICES

THIS

IS THE TRANSCRIPT OF THE ACTING GOVERNOR, FOLLOWING ANSON

GOVERNMENT CHAN, SPEAKING TO REPORTERS AT THE CENTRAL LOBBY AFTER MEETING REPRESENTATIVES OF THE LEGCO HOUSE COMMITTEE (MONDAY) AFTERNOON:

ANDREW

ΤΟ

WE

DID

THE

MOST THE

MRS CHAN: I HAD A SESSION THIS MORNING WITH MRS TU AND WITH MR WONG AND THEY RELAYED TO ME THE REQUEST OF THE HOUSE COMMITTEE REQUEST A JUDICIAL ENQUIRY. OF COURSE, WE WILL CONSIDER THIS WHEN RECEIVE A FORMAL LETTER TOGETHER WITH TERMS OF REFERENCE. BUT, I POINT OUT TO

OF THE TWO LEGISLATIVE COUNCILLORS THAT

COURSE, JUDICIAL ENQUIRY HAS TO BE THE DECISION OF THE GOVERNOR-IN-COUNCIL AND AT THE MOMENT, AS YOU KNOW, EXCO IS IN RECESS. I THINK OUR PRESSING

OF TASK AT THE MOMENT IS TO COMPLETE THE INVESTIGATION COLLAPSE SO THAT WE CAN DETERMINE WHAT FURTHER ACTION IS TO BE TAKEN BY THE GOVERNMENT. I AM HOPING THAT THE PRELIMINARY INVESTIGATION REPORT WILL BE MADE PUBLIC VERY, VERY SHORTLY, CERTAINLY WITHIN WEEK. AND, OF COURSE, THERE WILL BE A MORE DETAILED REPORT TO WE HAVE ALSO ANNOUNCED THAT WE'RE ENGAGING THIS INTERNATIONAL EXPERT.

WE I AM EXPECTING HIM TO ARRIVE ON THE 19TH. WHEN THE EXPERT ARRIVES, WILL BE VERY HAPPY FOR THE EXPERT TO MEET WITH THE LEGCO PANEL TO DISCUSS THE AREA OF HIS WORK. WE INTEND TO MAKE AVAILABLE HIS FINDINGS AND IN THE LIGHT OF HIS FINDINGS ON THE KWUN LUNG LAU COLLAPSE, I AM SURE WE WILL GET USEFUL POINTERS AS TO WHETHER OUR CURRENT PROGRAMME OF STABILISING SLOPES IS ALONG THE RIGHT APPROACH AND IF IT IS NOT, IN WHAT WAY WE SHOULD IMPROVE IT.

THIS

FOLLOW.

INSIDER DEALING TRIBUNAL

LIMITED

HEARING ON

CASE

THE INSIDER DEALING TRIBUNAL WILL HOLD A PRELIMINARY ON THE PUBLIC

INVESTMENTS INTERNATIONAL WEDNESDAY (AUGUST 10), A GOVERNMENT SPOKESMAN SAID TODAY (MONDAY).

(PIIL)

THE FINANCIAL

REFERRED SECRETARY IN FEBRUARY 1994,

ΤΟ THE IN THE SHARES OF TRIBUNAL FOR AN INQUIRY, A CASE INVOLVING DEALING PIIL IN DECEMBER 1992.

TO THE

TRIBUNAL SINCE NEW

THIS IS THE SECOND CASE REFERRED INSIDER DEALING LAWS CAME INTO EFFECT IN 1991.

THE

THIS

HAD ΤΟ AWAIT THE SUCCESS HOLDINGS

OF COMMENCEMENT

INQUIRY HAS CONCLUSION OF THE INQUIRY INTO DEALING IN SHARES OF LIMITED.

THE

1994, THAT INQUIRY TOOK PLACE IN MAY

SECRETARY ITS REPORT TO THE FINANCIAL PUBLISHED IT IN LATE JULY.

IN JUNE

TRIBUNAL

AND

SUBMITTED

THE GOVERNMENT

/ON JULY 1,