XN000022-1996-04-17 — Page 4

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The Secretary for the Treasury will introduce the Bills into the Legislative Council on Wednesday (May 1).

To implement the Budget proposal to waive stamp duty for market makers on stock transactions for the purpose of hedging options transactions, the Governor-in- Council has made the Stamp Duty (Jobbing Business) (Options Market Makers) Regulation under the Stamp Duty Ordinance. The Regulation will also be gazetted on April 19 and tabled in the Legislative Council on April 24. It will come into operation on June 1.

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Appointments to Housing Authority

The following supersedes GIS960417022 issued at 4.30 pm. Please note that the number of newly-appointed members should be 10 instead of seven.

The Secretary for Housing, Mr Dominic S W Wong, announced today (Wednesday) that the Governor has re-appointed four serving members and appointed 10 new members to the Hong Kong Housing Authority for a term of two years with effect from April 1, 1996. The appointments were made on a personal basis.

The four re-appointed members are:

Mr Fung Kin-kee (Legislative Councillor);

Professor Yeung Yue-man (academic in housing development);

Mr Lee Wing-tat (Legislative and Regional Councillor);

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Mr Joseph Chow Ming-kuen (civil and structural engineer).

The 10 newly-appointed members are:

Mr Chan Bing-woon (solicitor and district board chairman);

Mr Walter Chan Kar-lok (solicitor);

Mr Cheng Kai-nam (public affairs consultant);