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DANKING POLICY
HEDNESDAY, JANUARY 8, 1975
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NOTE TO EDITORS:
THE FINANCTAL SECRETARY, THE HON. PHILIP HADDON-CAVE, MADE A STATEMENT IN THE LEGISLATIVE COUNCIL TODAY ABOUT THE GOVERNMENT'S INTENTIONS IN THE RELATED AREAS OF DANK LICENSING POLICY. PROTECTION OF DEPOSITORS AND THE CONTROL OF FINANCE COMPANIES.
BRIEFLY, HE SAID THAT IT WAS PRESSED ON HIM, AND HE RELUCTANTLY ACCEPTED, THAT THIS WAS NOT A TIME TO BRING ABOUT RADICAL CHANGE IN HONG KONG!Š FINANCIAL STRUCTURE.+.
HE ANNOUNCED THAT HE DID NOT INTEND TO PROCEED AT PRESENT TO SEEK AUTHORITY FOR THE INTRODUCTION OF A NEW, LIMITED CLASS OF BANKING LICENCE AND IT WAS NOT INTENDED TO GRANT ANY NEW LICENCES AT ALL FOR THE TIME DEING.
THE FINANCIAL SECRETARY DESCRIDED THIS AS AN UNHAPPY OUTCOME OF MONTHS OF THOUGHT AND DISCUSSION, FOR THE GOVERNMENT AND EVEN MORE FOR THOSE WHO HAD HOPED TO BE ABLE TO PARTICIPATE MORE FULLY IN HONG KONG'S FINANCIAL DEVELOPMENT.
THE FULL TEXT OF THE FINANCIAL SECRETARY'S STATEMENT IS BOXED FOR COLLECTION.
PRESS CONFERENCE ON TEXTBOOKS, SCHOOL UNIFORMS SALES
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NOTE TO EDITORS :
THE DIRECTOR OF EDUCATION, MR. KENNETH TOPLEY WILL HOLD A PRESS CONFERENCE TOMORROW (THURSDAY) TO GIVE DETAILS OF A CODE OF PRACTICE RELATING TO PURCHASE BY STUDENTS OF TEXTBOOKS, UNIFORMS AND OTHER ITEMS TO PURSUE THEIR COURSE OF STUDY IN KINDERGARTEN, PRIMARY, SECONDARY AND OTHER SCHOOLS. COPIES OF THE CODE ARE BEING SENT TO THE HEADS OF ALL SCHOOLS.
YOU ARE INVITED TO HAVE THE PRESS CONFERENCE COVERED,
IT WILL BEGIN AT 11 A.M. IN THE CONFERENCE ROOM OF THE EDUCATION DEPARTMENT, LEE GARDENS, 3RD FLOOR, HYSAN AVENUE, CAUSEWAY BAY, HONG KONG.
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