XN000022-1974-08-02 — Page 8

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FRIDAY, AUGUST 2, 1974.

STUDENTS TO HELP HANG HAU FİSHORIEN

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ONE HUNDRED AND SIXTY STUDENTS FROM THE SOCIAL SERVICE GROUPS OF THE CHINESE UNIVERSITY AND YOUTH GROUPS OF THE CENTRAL DISTRICT WILL SACRIFICE THEIR SUITER HOLIDAYS TO TAKE PART IN A 'PUBLIC- SPIRITED WORK CAMP PROJECT IN HANG HAU, NEW TERRITORIES, TOKORNOU (SATURDAY).

THE WORK CAMP WAS FIRST INITIATED BY SOME STUDENT ORGANIZAT- IONS AND SUPPORTED BY THE DISTRICT OFFICE, SAI KUNG.

THIS TIME, THE VOLUNTEERS WILL HELP THE HANG HAU FISHERMEN BUILD A 700-FT. LONG CONCRETE FOOTPATH TO PROVIDE AN EASY ACCESS TO THE VILLAGE WHICH WILL BENEFIT THE WHOLE POPULATION, ESPECIALLY THE SCHOOL CHILDREN.

WORK WILL IMMEDIATELY START AFTER AN OPENING ADDRESS BY THE DISTRICT OFFICER, SAI KUNG, HR. CLIVE OXLEY, AT 11 A.M. TOMORROW.

THE PROJECT WILL TAKE ABOUT FOUR WEEKS TO COMPLETE. CONSTRUCT- ION MATERIALS, VORKING TOOLS AND EQUIPMENT WILL BE SUPPLIED BY THE DISTRICT OFFICE, SAI KUNG.

NOTE TO EDITORS:

YOU ARE CORDIALLY INVITED TO COVER THE OPENING CEREMONY OF THE WORK CAMP ON SATURDAY (AUGUST 3) STARTING 11 A.M. TUO VADIS VILL TAKE THE STUDENTS TO THE SITE, LEAVING THE SAI KUNG DISTRICT OFFICE AT ABOUT 10 A.. PRESS MEDIA VISH TO MAKE USE OF THE OFFICIAL TRANSPORT MAY DO SO, BUT THEY SHOULD ASSEMBLE IN THE OFFICE BY 10 A.. THE DISTRICT OFFICE IS LOCATED AT THE SAN PO KONG COVERNMENT OFFICES, FIRST FLOOR.

REVISION OF BANK LICENCE FEES

THE EXECUTIVE COUNCIL HAS APPROVED AN INCREASE FROM $15,000 TO $40,000 IN THE ANNUAL LICENCE FEE PAID BY INCORPORATED BANKS IN HONG KONG.

A GOVERNMENT SPOKESMAN SAID TODAY FEES PAYABLE UNDER THE BANKING ORDINANCE ARE INTENDED TO COVER THE COSTS OF T1:2 OFFICE OF THE COMMISSIONER OF BANKKING.

+THESE COSTS HAVE INCREASED SUBSTANTIALLY. IN RECENT YEARS, BUT THE FEES HAVE REMAINED UNCHANGED SINCE 1957,+ HE SAID.

THE QUESTION OF INCREASING VARIOUS FEES AND CHARGES WAS RAISED BY THE FINANCIAL SECRETARY DURING THIS YEAR'S DUDGET SPEECH, AND THE POSSIBILITY OF AT LEAST DOUBLING THE BANKING LICENCE FEE WAS MENTIONED DURING THAT DEBATE.