20
MONDAY, SEPTEMBER 14, 1992
FINANCIAL ADVISER ON OTB APPOINTED
**
A GOVERNMENT SPOKESMAN
ANNOUNCED TODAY (MONDAY) THAT THE
APPOINTED
GOVERNMENT AND OVERSEAS TRUST BANK LIMITED (OTB) HAVE JARDINE FLEMING SECURITIES LIMITED AS FINANCIAL ADVISER IN CONNECTION WITH THE DISPOSAL OF GOVERNMENT'S INTEREST IN OTB.
"WE CAN NOW START ON THE EXERCISE AND WE AIM TO COMPLETE IT SOON AS POSSIBLE. IN DOING SO, THE INTEREST OF THE EXISTING STAFF OTB WILL BE AN IMPORTANT FACTOR WE SHALL BE TAKING INTO ACCOUNT, SPOKESMAN STRESSED.
"POTENTIAL BUYERS WHO HAVE NOT YET REGISTERED THEIR WITH US ARE INVITED TO CONTACT EITHER MR RAYMOND LI OF THE AFFAIRS BRANCH ON 529 0121 OR MESSRS, NICHOLAS SMITH OR LIU OF JARDINE FLEMING ON 843 8888," HE ADDED.
AS
OF
17
THE
INTEREST
MONETARY
CHEB-MING
TWO GURKHA BATTALIONS MERGE
A SMALL PIECE OF HONG KONG HISTORY WAS MADE AT CASSINO LINES, SAN TIN, THIS (MONDAY) MORNING WHEN THE TWO BATTALIONS THAT MADE UP 2ND KING EDWARD VII'S OWN GURKHA RIFLES (THE SIRMOOR RIFLES) MERGED INTO A SINGLE-BATTALION REGIMENT.
THIS IS THE FIRST TIME SINCE 1886 WHEN THE SECOND BATTALION WAS RAISED THAT THE REGIMENT HAS CONSISTED OF ONLY A SINGLE BATTALION.
AT ONE STAGE DURING THE SECOND WORLD WAR, THE REGIMENT BOASTED FIVE BATTALIONS.
THE MERGER FORMS PART OF THE BRITISH GOVERNMENT'S RESTRUCTURING THE ARMY, ANNOUNCED LAST YEAR.
PLANS FOR
IT WAS BOTH THE FIRST TO TAKE PLACE IN HONG KONG AND THE FIRST INVOLVING THE GURKHAS WHO ARE TO LOSE SOME 65 PER CENT OF THEIR TOTAL STRENGTH AFTER 1997.
IT ALSO REFLECTED THE SUCCESSFUL COMPLETION OF THE HANDOVER OF RESPONSIBILITY FOR THE SINO-HONG KONG BORDER TO THE ROYAL HONG KONG POLICE FORCE.
OF
LED BY THE BRIGADE OF GURKHAS BAND, REPRESENTATIVE SECTIONS THE 1ST AND 2ND BATTALIONS MARCHED ON то THE PARADE GROUND FROM DIFFERENT DIRECTIONS.
/THEY WERE