MPP FACTION MEETS

Ulaanbaatar, Mongolia /MONTSAME/ The faction of the Mongolian People's Party (MPP) backed on Monday altering the 39th parliamentary resolution on giving additional 10 per cent of stocks to people. The faction members reached a final position to give the additional stocks of 10 per cent to other 10 per cent of the Tavantolgoi coal deposit's shares to be owned by people. It means that the people will receive 20 per cent of the TT deposit. The faction considered as necessity to create an opportunity for national enterprisers to own certain part of the stocks. Then, it also considered as necessity to let the government tackle other matters including the TT stocks for students. It has been calculated that each citizen will have 1,072 units of the stocks if the population get 20 per cent of the total stocks. After setting of the stock's nominal value, the citizens will make own decision to choose the stocks or cash equaling to 1,072 stocks. The faction backed a draft package law on court submitted by the President, and then decided to set up a related working group. A draft law on local election has been discussed as well. B.Khuder