6
Besides the introduction of the new preferential class, other aspects of the liquidation are not affected by the Bill and will continue to be governed by established liquidation law and practice.
The spokesman added that the Bill also provided for the use of either Chinese or English under the various provisions in the Ordinance and the use of certificates of incorporation with pre-printed signatures.
He said the proposal to allow for the use of either Chinese or English under the various provisions would place the two languages on an equal footing.
As regards the use of certificates of incorporation with pre-printed signatures, this would allow better use of resources and is merely an efficiency measure.
1995.
The Bill is scheduled for introduction into the Legislative Council on April 19,
End/Friday, April 7, 1995
New fixed telecommunication network services licences
The Telecommunication (Amendment) Regulation 1995, which sets out the form of the new fixed telecommunication network services licence to be issued to the Hong Kong Telephone Company and three new competitors, was gazetted today (Friday).
The Hong Kong Telephone Company's current monopoly in the provision of local fixed network telephony will expire on 30 June this year.
"The new licence specifies in detail the terms and conditions governing the services to be provided by Hong Kong Telephone and the three new entrants, namely Hutchison Communications, New T & T Hong Kong and New World Telephone," a spokesman from the Economic Services Branch said.
The new licence contains comprehensive provisions to safeguard consumer interests and fair competition among the four competitors.
No comments yet.
Private notes are available after approval.