1997 — Page 31

HKF

Principal properties

A summary of the Group's properties is set out on pages 62

and 63.

收入運用

根據每持有兩股原來股份配售一股新股的股份發行

計劃,本公司於一九九四年十月以發行價港幣10.5 元發行 118,748,706股每股面值港幣1元之普通

股。在扣除支出後,淨收入為港幣1,218,000,000 元,其中港幣172,000,000元已支付興建四個位於

中環之新碼頭之打樁工程成本及相關專業費用,另 港幣75,000,000元則已用於改善小輪業務。至於未 有即時按一九九四年九月十五日股份發行文件所列 之用途運用之收入部份,本集團已將其存放於銀行

作為短期存款。

符合最佳應用守則

本公司在本年度內符合香港聯合交易所有限公司 《上市規則》附錄十四所列之最佳應用守則。

核數師

在行將召開的股東週年大會上將提呈議案,續聘畢

馬域會計師行為本公司之核數師。

Use of proceeds

Pursuant to a rights issue made in the proportion of one share for every two shares then held, the Company issued 118,748,706 ordinary shares of HK$1 each at an issue price of

HK$10.5 in October 1994. After deducting expenses, the net proceeds amounted to HK$1,218 million of which HK$172

million was applied for the payment of the cost of construction for the piling of the four new piers in Central and related professional fees while HK$75 million was used to improve ferry operations. To the extent that such proceeds were not immediately used for the purposes as described in the Rights

Issue document dated 15 September 1994, the Group had

placed the same on short term bank deposits.

Compliance with the Code of Best Practice

The Company has complied throughout the year with the "Code of Best Practice" as set out by the Stock Exchange of Hong Kong Limited in Appendix 14 to the Listing Rules.

Auditors

A resolution for the re-appointment of KPMG Peat Marwick as auditors of the Company is to be proposed at the forthcoming

Annual General Meeting.

承董事會命

林高演

主席

On behalf of the board

李寧

Colin K. Y. Lam

董事

Chairman

香港,一九九八年三月十三日

Hong Kong, 13 March 1998

29

Li Ning

Director