FRIDAY, MAY 16, 1936
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ITALIAN BANK GRANTED LICENCE
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AN APPLICATION FROM AN ITALIAN BANK, BANCA NAZIONALE DELL'AGRICOLTURA, FOR A BANKING LICENCE HAS BEEN APPROVED.
THIS BRINGS THE NUMBER OF LICENSED BANKS IN HONG KONG TO 152, OF WHICH FOUR ARE ITALIAN, A GOVERNMENT SPOKESMAN SAID.
ESTABLISHED IN 1921, BANCA NAZIONALE DELL'AGRICOLTURA IS THE LARGEST PRIVATE BANK IN ITALY AND HAS OVERSEAS PRESENCE IN SIX COUNTRIES.
+THE CONTINUING INTEREST OF FOREIGN BANKS IN ESTABLISHING BRANCHES HERE REFLECTS THE ATTRACTIVENESS OF HONG KONG AND ENHANCES ITS STATUS AS A MAJOR INTERNATIONAL FINANCIAL CENTRE, THE SPOKESMAN SAID.
A NOTICE OF THE GRANT OF LICENCE WAS PUBLISHED IN THE GAZETTE TODAY (FRIDAY).
REPRESENTATIONS FOR COMPENSATION HEARING
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FORMER SHAREHOLDERS OF THE OVERSEAS TRUST BANK WHO WISH TO MAKE REPRESENTATIONS ABOUT COMPENSATION ARE REQUESTED TO NOTIFY THE OVERSEAS TRUST BANK COMPENSATION TRIBUNAL OF THEIR
INTENTION.
IN A NOTICE PUBLISHED IN THE GAZETTE TODAY (FRIDAY), THE CHAIRMAN OF THE TRIBUNAL, THE HONOURABLE MR JUSTICE MORTIMER, INDICATED THAT THE TRIBUNAL INTENDS TO CONDUCT A HEARING AT WHICH REPRESENTATIONS MAY BE MADE BY OR ON BEHALF OF A REGISTERED HOLDER OF SHARES OF THE OVERSEAS TRUST BANK OR THE FINANCIAL SECRETARY INCORPORATED.
SHAREHOLDERS WHO INTEND TO MAKE REPRESENTATIONS MUST GIVE NOTICE IN WRITING TO THE CHAIRMAN OF THE OVERSEAS TRUST BANK COMPENSATION TRIBUNAL AT 11TH FLOOR, SUPREME COURT, QUEENSWAY, BY JUNE 9, 1986.
A DATE FOR THE HEARING HAS YET TO BE FIXED, MR JUSTICE MORTIMER SAID.
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