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The spokesman said it was decided that all three sets of elections to the Legislative Council the functional constituency, geographical constituency and Election Committee elections - should be held on the same day.
"This arrangement is intended to facilitate voting by electors," he said.
"The independent Boundary and Election Commission, which will be responsible for supervising and conducting the elections, is confident that satisfactory polling and counting arrangements can be made,” he added.
The spokesman said the Commission was working on the detailed arrangements for the elections and that the public would be consulted.
end/Monday, December 5, 1994
Study on introduction of Real Time Gross Settlement completed
The feasibility study on the introduction of a Real Time Gross Settlement (RTGS) for Hong Kong's interbank payment system has been completed by a consultant commissioned by the Hong Kong Association of Banks (HKAB).
The report has been forwarded to the HKAB and the Committee on Payment System (CPS) for consideration.
The CPS, chaired by the Chief Executive of the Hong Kong Monetary Authority (HKMA) and with members comprising the leading bankers in Hong Kong, was established in June this year to provide policy steer to the feasibility study.
The study concludes that it would be feasible to implement the RTGS project in phases beginning February 1996. The study recommends the adoption of a system with the following features:
* compliance with international standards;
final settlement across the books of the HKMA;