XN000022-1995-07-19 — Page 15

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14.

Insider Dealing Tribunal to conduct hearing

The Insider Dealing Tribunal which has been appointed to inquire into possible insider dealings in the listed securities of Public International Investments Limited (PIIL) will conduct a further hearing at 10 am tomorrow (Thursday), a Government spokesman announced today (Wednesday).

The Tribunal has decided that insider dealing in the shares of PIIL did take place in December 1992. The Tribunal has also identified three individuals as insider dealers in respect of the transactions in question. Under the Securities (Insider Dealing) Ordinance, the Tribunal has power to impose financial penalties and to disqualify insider dealers from directorships of companies.

Tomorrow's hearing will enable those individuals identified as insider dealers to make representations as to penalty.

The hearing will be open to the public and will take place at Courtroom 26 in the Supreme Court Building.

End/Wednesday, July 19, 1995

Sewage disposal scheme comes to fruition

The Stanley Sewerage and Sewage Disposal Scheme which serves a population of 27,000 in Stanley and nearby Tai Tam, Chung Hom Kok and Red Hill areas came to fruition today (Wednesday).

The scheme comprises an underground sewage treatment plant, 10 sewage pumping stations and 10 kilometres of new sewers.

Officiating at the opening ceremony this morning of the Stanley Underground Sewage Treatment Plant which forms a major part of the scheme, the Secretary for Works, Mr James Blake, said the Government had done a lot to achieve the goal of keeping Hong Kong waters clean.

He pointed out that the entire territory of Hong Kong had been divided into 16 Sewerage Master Plan (SMP) areas for sewerage planning. "Within each area, the water qualities are examined and suitable sewerage facilities are proposed.