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FRIDAY, AUGUST 19, 1988
AMONG GUESTS OFFICIATING AT THE CLOSING CEREMONY WILL BE THE ACTING NORTH DISTRICT OFFICER, MR TIM MILNES; CHAIRMAN OF THE NORTH DISTRICT BOARD, MR RAYMOND PANG: AND THE ACTING POLICE DISTRICT COMMANDER CONTIER, IR CHEUNG CHI-KEUNG.
NOTE TO EDITORS:
YOU ARE INVITED TO COVER THE NORTH DISTRICT SUMMER YOUTH PROGRAMME CLOSING CEREMONY AND VARIETY SHOW TOMORROW (SATURDAY) NIGHT AT THE NORTH DISTRICT TOWN HALL, LUNG SUM AVENUE, SHEUNG SHUI. SHOW WILL BEGIN AT 8 PM.
THE
BANKING LICENCE OF RAINIER INTERNATIONAL BANK REVOKED
* * * * *
THE BANKING LICENCE OF RAINIER INTERNATIONAL BANK LIMITED HAS BEEN REVOKED WITH EFFECT FROM AUGUST 16 THIS YEAR, A SPOKESMAN SAID TODAY (FRIDAY).
GOVERNMENT
THE SPOKESMAN SAID RAINIER INTERNATIONAL BANK WAS GRANTED A BANKING LICENCE IN 1964 AND OPERATED NINE LOCAL BRANCHES.
"ITS HONG KONG BUSINESS WAS RECENTLY SOLD TO DAIWA BANK WHICH WOULD CONTINUE TO OPERATE THE RAINIER BRANCHES UNDER DAIWA'S NAME,
"THE VESTING OF RAINIER'9 HONG KONG UNDERTAKING IN DAIWA BECAME EFFECTIVE ON JULY 18 THIS YEAR CONSEQUENT UPON THE ENACTMENT OF THE RAINIER INTERNATIONAL BANK (TRANSFER OF HONG KONG UNDERTAKING) ORDINANCE 1988.
"RAINIER HAS CEASED TO CARRY ON BANKING BUSINESS IN HONG KONG AS FROM THAT DATE.
KONG,
"AS RAINIER HAS CEASED TO CARRY ON BANKING BUSINESS IN ITS LICENCE IS ACCORDINGLY REVOKED UNDER SECTION 29(A)I BANKING ORDINANCE," THE SPOKESMAN SAID.
HONG
OF
THE
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