TNAG-1361-FCO40-1807-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1985 — Page 249

Sir,

Speech by Mr P. Jacobs, Secretary for Economic Services, in the Legislative Council on 6 February 1985

Money Changers (Disclosure of Rates, Charges

and Commissions) Bill 1985

I am grateful to Mr Lee and his colleagues for

their support and the careful consideration that they have

given to this Bill. As I indicated when I moved the Second

Reading, we are attempting to give some protection to

customers of money changers without interfering unnecessarily

with the normal business practices adopted in this particular

trade. We hope that we have struck the right balance.

2.

The amendments that Mr Lee intends to introduce

at Committee Stage will undoubtedly improve the Bill, and it

is unnecessary for me to comment further on the proposed

amendments except to say that I support them.