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"It is also proposed that the new Council will include 12 elected members - six to be elected from all registered medical practitioners on the General Register and the rest to be elected by the HKMA.

"The introduction of elected members is in line with Government policy of encouraging greater involvement of the profession in its own affairs," he added.

The Bill further proposes to introduce a universal Licensing Examination, the passing of which will qualify a person to be registered under the Medical Registration Ordinance.

This will provide an equal opportunity for anybody who wishes to register as a medical practitioner in Hong Kong, irrespective of where he received his training.

Another proposal in the Bill is the introduction of a General Register and a Specialist Register. The former is to replace the existing register of medical practitioners while the latter contains a list of medical practitioners entitled to be known as medical specialists in their respective specialties.

In addition, three more committees will be set up under the Medical Council, namely the Education Committee, the Ethics Committee and the Health Committee. These are in addition to the existing Licentiate Committee and the Preliminary Investigation Committee.

The spokesman said the proposed Bill had been drawn up after extensive consultation with the Medical Council and the Hong Kong Medical Association.

End/Wednesday, May 17, 1995

HKMA Annual Report 1994

The 1994 annual report of the Hong Kong Monetary Authority (HKMA), published and tabled at the Legislative Council today (Wednesday), provides a detailed account of HKMA's roles and functions. It also contains considerable new information including the approach in managing the Exchange Fund and the outlook of the banking sector in 1995.

Introducing the HKMA's second annual report, the Chief Executive of the HKMA, Mr Joseph Yam, said: "The year 1994 was fruitful for the Monetary Authority. On the exchange rate front, the year 1994 was comfortably uneventful. which is good for the stability and prosperity of Hong Kong."

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