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TUESDAY, JUNE 2, 1987
OTHER ITEMS THAT THE FINANCE COMMITTEE WILL BE ASKED TO APPROVE ARE:
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PREPAYMENT IN FULL THE $240 MILLION OUTSTANDING BALANCE OF THE TERM LOAN EXTENDED TO THE CITY POLYTECHNIC OF HONG KONG FOR THE PURCHASE OF ITS TEMPORARY PREMISES AT ARGYLE CENTRE AND TERMINATION OF THE INTEREST RATE EXCHANGE AGREEMENT;
SUPPLEMENTARY PROVISION OF $2.56 MILLION TO MEET GRANTS TO COVER INTEREST FORGONE IN 1987-88 FOR CITY POLYTECHNIC TEMPORARY PREMISES;
EARLY REPAYMENT OF THE FOUR OUTSTANDING LOANS AMOUNTING TO ABOUT $400 MILLION TO THE ASIAN DEVELOPMENT BANK ;
RECOMMENDATIONS OF THE ESTABLISHMENT SUB-COMMITTEE AND PUBLIC WORKS SUB-COMMITTEE.
THE FINANCE COMMITTEE WILL ALSO NOTE THE CHANGES TO THE APPROVED ESTIMATES OF EXPENDITURE APPROVED UNDER DELEGATED POWERS DURING THE FINAL QUARTER OF 1986-87 IN PURSUANCE OF SECTION 8 OF THE PUBLIC FINANCE ORDINANCE.
MORE COUNTRIES RECOGNISE BN(0)
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A SPOKESMAN FOR THE GOVERNMENT SAID TODAY (TUESDAY) THAT THE HONG KONG GOVERNMENT WELCOMES THE ANNOUNCEMENT BY THE KOREAN CONSUL-GENERAL ON THE REPUBLIC OF KOREA'S RECOGNITION OF THE BRITISH NATIONAL (OVERSEAS) STATUS AND THE PASSPORT THAT GOES WITH IT.
THE SPOKESMAN ADDED THAT THE SECRETARY FOR SECURITY HAS ALSO BEEN INFORMED BY THE CONSUL-GENERAL OF PORTUGAL THAT PORTUGAL WILL RECOGNISE THE BN(0) PASSPORT. THE HONG KONG GOVERNMENT WELCOMES THIS MOVE BY THE PORTUGUESE GOVERNMENT.
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