FRIDAY, FEBRUARY 1, 1991
BANKING LICENCE REVOKED
THE BANKING LICENCE OF THE STATE BANK OF VICTORIA HAS BREN REVOKED BY THE GOVERNOR IN COUNCIL AT THE REQUEST OF THE COMMONWEALTH PANK OF AUSTRALIA, A GOVERNMENT SPOKESMAN SAID TODAY (FRIDAY).
"THE TWO BANKS MERGED IN AUSTRALIA ON JANUARY 1 THIS YEAR WITH THE STATE BANK OF VICTORIA TRANSFERRING ALL ITS ASSETS AND LIABILITIES TO THE COMMONWEALTH BANK OF AUSTRALIA, THE SPOKESMAN
SAID.
THE STATE BANK OF VICTORIA WAS GRANTED A BANKING LICENCE IN 1989 AND THE COMMONWEALTH BANK OF AUSTRALIA IN 1986.
AFTER THE REVOCATION, THERE ARE 168 LICENSED KONG, OF WHICH 136 ARE INCORPORATED OUTSIDE HONG KONG,
BANKS IN HONG
0
AGREEMENTS FOR TWO CONSULTANCY STUDIES SIGNED
FIRM
THE GOVERNMENT HAS SIGNED AGREEMENTS WITH A CONSULTANCY TO CARRY OUT TWO STUDIES ON SPECIAL CONTROL AREAS AND UNDERGROUND DEVELOPMENT OF COMMERCIAL FACILITIES.
PRINCIPAL GOVERNMENT TOWN PLANNER (DISTRICT) OF THE PLANNING DEPARTMENT, DR PETER PUN, SIGNED THE AGREEMENTS TODAY (FRIDAY) WITH THE DIRECTOR of LLEWELYN-DAVIES WEEKS, HONG KONG, MR CHOONG YIN LEE, FOR THE TWO STUDIES 'A COMPREHENSIVE REVIEW OF SPECIAL CONTROL AREAS ' AND 'UNDERGROUND DEVELOPMENT OF COMMERCIAL FACILITIES EXTENDING BEYOND PRIVATE LAND'.
A SPOKESMAN FOR THE PLANNING DEPARTMENT SAID THE STUDY ON SPECIAL CONTROL AREAS, WHICH COSTS ABOUT $1 MILLION, COMPREHENSIVELY THE EXISTING SPECIAL CONTROL AREAS IN KOWLOON, AND HONG KONG ISLAND, TAKING INTO ACCOUNT PHYSICAL, SOCIAL AND ECONOMIC ENVIRONMENT, AS WELL AS PLANNING GOALS AND OBJECTIVES OF THE RESPECTIVE DISTRICTS.
PRESENT DEVELOPMENT
AREAS WILL ALSO BE REVIEWED.
WOULD REVIEW KOWLOON, NEW THE CHANGING THE CURRENT
RESTRICTIONS OF THESB SPECIAL CONTROL
RELATED TO BUILDING HEIGHT,
THE SPOKESMAN ADDED THAT DEVELOPMENT RESTRICTIONS IMPOSED IN THE SPECIAL CONTROL AREAS WERE MAINLY PLOT RATIO AND CARPARKING REQUIREMENTS.
THE OTHER STUDY, ON UNDERGROUND FACILITIES, WILL COST ABOUT $500,000.
DEVELOPMENT OF COMMERCIAL
/THE SPOKESMAN