49.
A total of 1,043 advisory letters were subsequently issued to the owners of cooling towers found to be in a poor state of repair. The letters called on the owners to demolish them voluntarily.
"We are pleased to see that over half of the owners have removed their towers and frames. But the others will be served with statutory removal orders.
"We urge owners to take heed and comply with this removal order. If they fail to comply, we will consider taking legal action according to the Buildings Ordinance.
"Government contractors will also be employed to carry out the removal work, and all the costs incurred will be recovered from the owners," he warned.
Mr Leung also advised factory owners to obtain prior approval from the Building Authority before putting up new cooling towers on the external wall of buildings.
"It is the owners' duty not only to design and construct such towers and supporting frames properly. They must also maintain them in a safe and sound condition," he said.
End/Friday, October 13, 1995
Hong Kong Monetary Authority money market operations
Cumulative
Time
$ million
(hours)
change ($million)
Opening balance in the account
2,298
0930
+870
Closing balance in the account
3,466
1000
+870
Change attributable to :
1100
+870
Money market activity
+868
1200
+870
LAF today
+300
1500
+870
1600
+868
LAF rate 4.25% bid/6.25% offer TWI 121.9 *-0.1* 13.10.95
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