MONDAY, APRIL 23, 1990
GRANTING OF RESTRICTED BANKING LICENCE
THE
THE FINANCIAL SECRETARY, SIR PIERS JACOBS, HAS RECENTLY GRANTED A RESTRICTED BANKING LICENCE TO THE BANK OF CALIFORNIA FIRST OF SUCH LICENCE GRANTED TO A NEW APPLICANT SINCE THE CREATION OF THE RESTRICTED LICENCE BANK CATEGORY EARLIER THIS YEAR, A GOVERNMENT SPOKESMAN SAID TODAY (MONDAY).
"THE COMMISSIONER OF BANKING'S OFFICE IS REVIEWING APPLICANTS FOR A RESTRICTED BANKING LICENCE FROM A NUMBER OF OTHER OVERSEAS BANKS, THE SPOKESMAN SAID.
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"THIS DEMONSTRATED THE CONTINUING ATTRACTIVENESS OF HONG KONG AS ONE OF THE MAJOR FINANCIAL CENTRES IN THE WORLD, HE ADDED.
THE GRANTING OF THE LICENCE BRINGS THE RESTRICTED LICENCE BANKS TO 38.
"
TOTAL NUMBER OF
EXISTING LICENSED
OF THE 38 RESTRICTED LICENCE BANKS, 37 ARE DEPOSIT-TAKING COMPANIES WHICH HAVE AUTOMATICALLY BECOME RESTRICTED LICENCE BANKS WHEN THE RELEVANT LEGISLATION CAME INTO EFFECT ON FEBRUARY 1 THIS YEAR.
NEW EASTERN DISTRICT OFFICER APPOINTED
WITH
MR STEVE BARCLAY HAS BEEN APPOINTED EASTERN DISTRICT OFFICER EFFECT FROM TODAY (MONDAY), THE CITY AND NEW TERRITORIES ADMINISTRATION ANNOUNCED.
MR BARCLAY JOINED THE GOVERNMENT IN 1979 AND WAS APPOINTED AN ADMINISTRATIVE OFFICER IN 1982.
HE HAS SUBSEQUENTLY SERVED IN A NUMBER OF GOVERNMENT DEPARTMENTS AND BRANCHES, NAMELY THE NORTH DISTRICT OFFICE WHERE HE WAS THE ASSISTANT DISTRICT OFFICER, THE ECONOMIC SERVICES BRANCH, FINANCE BRANCH AND THE TRADE AND INDUSTRY BRANCH.
HE WAS PROMOTED TO SENIOR ADMINISTRATIVE OFFICER IN 1989.
MR BARCLAY'S LAST POSTING
WAS SENIOR ADMINISTRATIVE
DEALING WITH POLICY MATTERS IN THE HOUSING DEPARTMENT.
THE
OFFICER
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