MONDAY, SEPTEMBER 2, 1991
ليا
3
1.
FS WELCOMES ANNOUNCEMENT ON BCCHK
MR HAMISH
MACLEOD,
(MONDAY) AGREEMENT
SOLUTION
THIS SECRETARY, THE FINANCIAL EVENING WELCOMED THE ANNOUNCEMENT THAT CONDITIONAL HEADS OF
"A SIGNIFICANT STEP HAD BEEN SIGNED BY THE HONGKONG CHINESE BANK AS FORWARD IN THE CONTINUING EFFORTS TO FIND A SATISFACTORY THE PROBLEMS OF CREDITORS AND DEPOSITORS OF BCCHK".
TO
GOVT KEEPS AN OPEN MIND ON DEPOSITORS INSURANCE SCHEME
THE
AN OPEN MIND
AND THE
HAS GOVERNMENT
SCHEME INSURANCE DEPOSITORS CAREFULLY, THE FINANCIAL SECRETARY, (MONDAY).
A
THE ON
QUESTION OF QUESTION IS BEING EXAMINED MR HAMISH MACLEOD, SAID TODAY
THE HONG KONG SAID THERE
WERE
AT OFFICIATING AFTER REPORTERS SPEAKING TO INTERNATIONAL WATCH AND CLOCK FAIR 1991, MR MACLEOD MIXED VIEWS ABOUT SUCH A SCHEME IN HONG KONG, ADDING THAT SOME OF BANKS HAD EXPRESSED DOUBTS ON THE SCHEME,
THE
"
DEVELOPED COUNTRIES, IN "THERE IS SUCH A SCHEME IN SOME AND IN UK, AND AGAIN THERE ARE MIXED REPORTS ON THE SUCCESS OF SUCH SCHEME, HE SAID,
USA
A
THE PRESENT
STATE OF THE BANK OF
AND
CREDIT TURNING TO COMMERCE HONG KONG (BCCHK), MR MACLEOD SAID THE WHOLE ISSUE WAS NOW IN QUITE A DELICATE STATE.
LIQUIDATOR
AND THE
THE POTENTIAL AND TO REACH
A
"I DO KNOW THAT THE PROVISIONAL COMMISSIONER OF BANKING ARE DOING ALL THEY CAN TO HELP BIDDERS FOR THE CONCLUSION QUITE SOON.
BUSINESS
TO REACH
A
CONCLUSION
"WE ARE AWARE THAT WE CANNOT ALLOW THIS PROCESS TO TOO LONG BECAUSE OBVIOUSLY IT IS COSTING MONEY TO KEEP THE AND TO KEEP TEAMS OF ACCOUNTANTS AND SO ON EMPLOYED.
GO
BANK
ON FOR GOING
GAZK
EFFORT IS CONCLUSION AND OURS 9
CLOSELY AND EVERY TO A SATISFACTORY WANT A CRYSTALBALL
"WE ARE WATCHING PROGRESS VERY BEING MADE TO HOPEFULLY BRING MATTERS FOR THE DEPOSITORS. I EXACTLY WHAT IS GOING TO HAPPEN.
DO
NOT
LIQUIDATOR
HAS
SAID THAT BY THE VIEW WHETHER THERE PARTIES," HE
I THINK THE PROVISIONAL MIDDLE OF THIS (SEPTEMBER) MONTH, HE WILL TAKE A IS AN AGREEMENT IN PRINCIPLE WITH ONE OF THE INTERESTED SAID.
/TURNING TO