15:43 INFORMATION SERVICES DEPT
852 521 7725 P.03/08
Pur
BOR: VBP.
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PREMIUM BONDS
FM 16/1
SCMP quoted the Secretary for the Treasury, Hamish Macleod, as saying that money raised from a proposed scheme to sell Government premium bonds would not used to finance HK's infrastructural development scheme and the scheme was one of several proposals the Government had been considering to boost the cash flow. In an editorial, the paper said that issuing premium bonds was no way to open a professional bond market in the territory, if the Government still harboured that objective.
OTHER STORIES
HKS reported that Lord MacLehose cancelled a planned tour next week of a Vietnamese detention centre because of a too crowded itiner-
-ary for his visit to HK. SCMP quoted Mr Michael Thomas as saying that the Government might seek a declaration from the High Court stating that the detention of VBP was legal because of the huge implications raised by the suggestion that their detention was illegal.
In a letter to the Post editor, Dr Philip Kwok said that current and future leaders needed to understand the realities of power or
we would flounder on, creating a quagmire for ourselves and our children, and into which we would all sink.
SCMP reported that leading HK companies were ignoring WHO guidelines by testing potential employees for AIDS to avoid large claims for medical expenses. In the paper Sue Shaw investigated why the HK Bank and Jardine Pacific were testing potential employees for AIDS and other HK firms were set to follow.
The Fost said that the KMB noted that it was committed to fare rises of less than 10 per cent for each of the next four years,
HKS reported that liberal academic Dr John-Yeung was giving up his seat on Sha Tin DB to prepare his campaign for Legco.
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