6 -
Mr White will report to the SFC on April 18 and will formally assume the post on May 1. His contract will run until June 30, 1997, and may be extended by mutual agreement.
"The appointment, from among the Executive Directors, of a new Deputy Chairman of the SFC is still under consideration and an announcement will be made in the near future," Mr Cartland said.
"I would like to pay tribute to Mr Robert Gilmore, the outgoing Deputy Chairman and Executive Director, for his contributions to the SFC since its inception in 1989. Mr Gilmore's in-depth knowledge of the international securities industry has helped the SFC to develop into a world class regulatory organisation," Mr Cartland added.
End/Thursday, March 16, 1995
Unemployment and underemployment statistics for Nov 1994 - Jan 1995
The seasonally adjusted unemployment rate for November 1994 - January 1995 was 2.2%, and the underemployment rate was 1.6%, according to the latest labour force statistics released today (Thursday) by the Census and Statistics Department.
The provisional seasonally adjusted unemployment rate for the period of December 1994 - February 1995 was 2.5%, while the provisional underemployment rate was 1.5%.
The latest figures indicate that the unemployment rate rose, while the underemployment rate remained generally stable.
The rise in the unemployment rate in the three months ending February is likely to be due to more workers changing jobs and looking for alternative employment after the Lunar New Year.
During the period of November 1994 - January 1995, the number of unemployed persons, adjusted for seasonal variations in the proportion of first-time job-seekers in the labour force, was estimated at 66,000, while the number of underemployed persons was estimated at 47,300.
The unemployment and underemployment statistics were obtained from a continuous General Household Survey conducted by the Census and Statistics Department.
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