FRIDAY, NOVEMBER 14, 1986
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BANK GRANTED REVOCATION OF LICENCE
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THE REQUEST BY NCNB NATIONAL BANK OF NORTH CAROLINA TO REVOKE ITS BANKING LICENCE HAS BEEN GRANTED ON THE GROUND THAT IT HAS CEASED TO TRANSACT BANKING BUSINESS IN HONG KONG. A NOTICE TO THIS EFFECT WAS GAZETTED TODAY (FRIDAY).
A GOVERNMENT SPOKESMAN SAID THE BANK'S DECISION TO CLOSE ITS HONG KONG OFFICE WAS MADE ON COMMERCIAL GROUNDS FOLLOWING A REASSESSMENT OF ITS OVERALL CORPORATE STRATEGY.
+WITH THIS REVOCATION, THE NUMBER OF LICENSED BANKS IN HONG KONG NOW STANDS AT 151, HE ADDED.
SO FAR THIS YEAR, 10 BANKING LICENCES HAVE BEEN GRANTED AND TWO LICENCES REVOKED.
DTC REGISTRATION REVOKED
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THE COMMISSIONER OF BANKING ANNOUNCED THAT HE HAS TODAY (FRIDAY) REVOKED THE REGISTRATION OF FINANCIAL AND INVESTMENT SERVICES FOR ASIA LIMITED AS A DEPOSIT-TAKING COMPANY, ON THE GROUND THAT THE COMPANY IS BEING WOUND UP.
KOWLOON CITY POLICE STATION TO BE REFURBISHED
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KOWLOON CITY POLICE STATION, WHICH IS 40 YEARS OLD, IS TO BE REFURBISHED.
THE ARCHITECTURAL SERVICES DEPARTMENT HAS AWARDED A CONTRACT FOR THE $1,8 MILLION PROJECT.
THE TWO-STOREY STATION, WHICH IS IN ARGYLE STREET, WILL UNDERGO PARTITIONING, REWIRING AND PLUMBING WORK AT THE REPORT ROOM, OFFICES, CELLS, BARRACK ROOMS, STORE ROOMS AND THE OFFICERS' MESS.
ALSO INCLUDED IN THE PROJECT IS REDECORATION AND REFITTING OF THE JUNIOR POLICE OFFICERS' CANTEEN AND KITCHEN IN THE ANNEXE BLOCK.
/THE ANNEXE