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Friday, March 15, 1974

NEW BANKING COMMISSIONER APPOINTED

Mr. Anthony Ockenden has been appointed Commissioner of Banking.

He will succeed Mr. James Paterson.

Fr. Paterson is returning to London at the end of this month after

serving as Commissioner of Banking for nearly three years. Prior to that

he served as Exchange Controller.

Mr. Ockenden was seconded to the government from the Bank of

England a year ago and has since been working in the Econonic Branch of the

Secretariat as Principal Assistant Economic Secretary with responsibilities

for foreign exchange and monetary matters.

He is 46 and has served with the Bank of England in London since

1944, with the exception of a three year period from 1964 when he was seconded

to Sierra Leone as the first General Manager of the central bank there.

The new Principal Assistant Economic Secretary will be Ir. J.I.

Mutch who arrived in Hong Kong recently, also on secondment from the Bank of

England.

Aged 46, Mr. Mutch has spent many years in the Economic Intelligence

Department of the Bank of England. From 1968-1970 he was seconded to HM

Treasury where he worked in the Overseas Finance Division.

loto to Editors:

Copies of Mr. Ockenden's photograph are based

for collection.

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