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To: lorne who wrote (35427)	6/15/1999 11:23:00 PM
From: Alex	Read Replies (1) \| Respond to of 116764

Bank holiday plan for millennium eve By Cheung Chi-fai STORY: THE government plans to designate 31 December 1999 as a general holiday to give the banking sector more time for a smooth transition to the new millennium. Under the ordinance, a general holiday is one observed by banks, educational establishments, public offices and government departments. The proposal, which was requested by the Hong Kong Association of Banks, would only affect the banking sector, government offices and schools. In other words, the day would not be a public holiday and the total number of holidays would not be affected. The government said the proposal was only a precautionary measure to minimise any adverse impact of the Year 2000 problem, or millennium bug. The measure would give banks sufficient time to complete all their year-end operations, and validate and back-up customer records on 31 December. Deputy Secretary for Financial Services Rebecca Lai Ko Wing-yee said the public should not be overly worried about the readiness of the banking sector in dealing with the Y2K issue. Britain has declared the millennium eve as a holiday. In Japan, it is traditional for banks to close on the last day of the year. Most of the banks in Europe will also close on that day. The holiday proposal would be decided by the Legislative Council before 7 July. Democrat legislator Sin Chung-kai welcomed the proposal and said Legco would hold a special meeting late next month to discuss the progress of rectifying the Y2K problem by government departments and public utilities. online.hkstandard.com

To: lorne who wrote (35427)	6/16/1999 5:35:00 AM
From: John Hunt	Respond to of 116764

Interview with Issy Bacher 15 June 1999 (Moneyweb SA) << AH: Let's get a little bit more to every man's story and the gold story is something that has been fascinating us - certainly on this programme - for some while. You've been accurate, Issy. Just a couple of week ago I called you and said, "is it time to buy gold shares now after we saw that crack down to the $268 level?" You said, "no, stay away, stay away". We are now down to below $260 an ounce - are the gold shares starting to offer value now? ISSY BACHER: Alec, what I've got to say is based on cycles … It's truly technical. I've examined the Toronto Gold Index, I've examined shares like Homestake, I've looked at our own Anglogold, I've looked at marginals like Durban Deep and, wherever I look, I see that we're at what we call a low-risk buying level, and my advice to people is now: if it falls, buy ... more ... >> moneyweb.co.za