BCCHK
2
MONDAY, JULY 15, 1991
LEGAL SITUATION IN LUXEMBOURG CLARIFIED
L
PRINCIPLE TO A LTD. (BCCHK), THE
THE ADMINISTRATOR IN LUXEMBOURG HAS AGREED IN SALE OF THE BANK OF CREDIT AND COMMERCE HONG KONG COMMISSIONER OF BANKING, MR DAVID CARSE, SAID TODAY (MONDAY).
HOWEVER, THAT WAS ONLY ONE STAGE IN THE PROCESS OF SELLING BANK AND DISCUSSIONS ARE GOING ON WITH INTERESTED PARTIES IN THE OF IDENTIFYING A BUYER FOR THE BANK IN HONG KONG.
THE
HOPE
THERE
SITUATION
WILL
IN BE A
"WHAT WE HAVE BEEN DOING IS TO CLARIFY THE LEGAL
AS
THAT GUARANTEE YET LUXEMBOURG BUT WE CANNOT SUCCESSFUL OUTCOME, HE SAID.
11
MEANWHILE, EFFORTS ARE CONTINUING BY THE TO RECOVER THE BANK'S ASSETS FROM OVERSEAS.
COMMISSIONER'S
STAFF
$2 BILLION WORTH OF ASSETS "SO FAR, A TOTAL OF RETURNED TO HONG KONG FROM OVERSEAS, HE SAID.
HAVE BEEN
"
ΤΟ MEASURES DEPOSITORS ARE BEING URGENTLY EXPLORED.
SECURE AN EARLY
PARTIAL CASH PAYMENT
FOR
A MEETING WITH MR CARSE HELD
A GROUP OF DEPOSITORS THIS MORNING AND THERE WAS A USEFUL EXCHANGE OF VIEWS.
FOUR FUND-RAISING PERMITS ISSUED
* * * * * *
A SOCIAL WELFARE DEPARTMENT THIS (MONDAY) EVENING SAID THE DEPARTMENT HAD ISSUED FOUR PERMITS TO ORGANISATIONS FOR HOLDING ACTIVITIES IN PUBLIC PLACE TO RAISE FUNDS FOR FLOOD VICTIMS IN CHINA.
"WE HAVE, SO FAR, RECEIVED A TOTAL OF 17 WRITTEN APPLICATIONS FOR A PUBLIC SUBSCRIPTION PERMIT AND WE ARE STILL PROCESSING THE REMAINING 13 APPLICATIONS," THE SPOKESMAN ADDED.
THE DEPARTMENT HAS RECEIVED MORE THAN 100 ENQUIRIES REGARDING ORGANISATION OF ACTIVITIES TO RAISE FUNDS FOR THE VICTIMS IN CHINA.
THE SPOKESMAN SAID THE DEPARTMENT IS HANDLING, AS EXPEDITIOUSLY AS POSSIBLE, APPLICATIONS FOR PUBLIC SUBSCRIPTION PERMITS FOR ANY FUND-RAISING ACTIVITIES IN PUBLIC PLACES.
ENQUIRIES ABOUT MATTERS CONCERNING APPLICATIONS FOR A PUBLIC SUBSCRIPTION PERMIT CAN BE MADE ON TEL. 576 5922.
IN ORDER TO ASSIST THE DEPARTMENT IN EXPEDITING ITS WORKS, APPLICANTS SHOULD INCLUDE THE FOLLOWING INFORMATION IN THEIR APPLICATIONS:
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THE PURPOSE