17
FRIDAY, NOVEMBER 5, 1993
* BOTH AUTHORITIES WILL
OF
PERMIT EACH OTHER TO GATHER INFORMATION FROM THE CROSS-BORDER BANKING ESTABLISHMENTS AUTHORISED INSTITUTIONS FROM THEIR RESPECTIVE TERRITORIES. ADDITIONALLY, BOTH AUTHORITIES WILL, TO THE EXENT PERMITTED BY LAW, BE PREPARED TO SHARE WITH KACH OTHER INFORMATION ABOUT INDIVIDUAL INSTITUTIONS. WHICH WILL HELP IN THE EXERCISE OF THEIR SUPERVISORY FUNCTIONS.
MR CARSE ADDED: "THE MEMORANDUM PUTS INTO EFFECT RECOMMENDATIONS OF THE BASLE COMMITTEE ON BANKING SUPERVISION. SHOULD HELP TO ACHIEVE MORE CO-ORDINATED SUPERVISION OF HONG KONG INDONESIAN INSTITUTIONS"
THE
IT
AND
THE ARRANGEMENT WITH BANK INDONESIA 18 BROADLY SIMILAR ΤΟ THAT REACHED WITH THE PEOPLE'S BANK OF CHINA LAST YEAR. SIMILAR ARRANGEMENTS ARE BEING SOUGHT WITH OTHER SUPERVISORY AUTHORITIES IN THE ASIA-PACIFIC REGION.
TRAVEL AGENTS LICENSING FEES TO BE REVISED
A
THE
GOVERNMENT SPOKESMAN TODAY (FRIDAY) ANNOUNCED THAT SECRETARY FOR THE TREASURY HAD APPROVED REVISION TO THE TRAVEL AGENTS' LICENSING AND RELATED FEES, EFFECTIVE FROM JANUARY 1, NEXT YEAR.
THE REVISED FEES SET OUT IN THE TRAVEL AGENTS { AMENDMENT} REGULATION 1993 WAS GAZETTED TODAY.
DETAILS OF THE REVISION ARE AS FOLLOWS:
* FOR AN APPLICATION
FOR A LICENCE
EXISTING
NEW RATE
520
575
* FOR A LICENCE OR THE RENEWAL OF A LICENCE (FOR EACH MONTH OF THE TERM)
400
440
* FOR AMENDING A LICENCE-
(A) FOR AN ADDITIONAL
550
605
ADDRESS, FOR EACH
NEW PREMISES
(B) OTHERWISE
130
143
/* FOR ISSUING
+