XN000022-1978-11-20 — Page 3

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MONDAY, NOVEMBER 20, 1978

ASSISTANT BANKING COMMISSIONER REQUIRED

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THE GOVERNMENT IS LOOKING FOR A NEW ASSISTANT BANK ING COMMISSIONER TO HEAD THE DEPOSIT-TAKING COMPANIES DIVISION OF THE OFFICE OF THE COMMISSIONER OF BANKING.

HE WILL BE RESPONSIBLE FOR A NEW SYSTEM OF SUPERVISION ENACTED UNDER THE DEPOSIT-TAKING COMPANIES (AMENDMENT) ORDINANCE 1978 WHICH CAME INTO EFFECT LAST WEDNESDAY (NOVEMBER 15). THE ORDINANCE REQUIRES DETAILED MONTHLY RETURNS BY DEPOSIT-TAKING COMPANIES AND ANY OTHER INFORMATION THAT MAY BE REQUIRED AS WELL AS INSPECTION OF BOOKS OF THESE COMPANIES.

ANNOUNCING THE POST TODAY, THE COMMISSIONER OF BANKING, MR. COLIN MARTIN, SAID: I AM LOOKING FOR A MAN WHO IS WELL EXPERIENCED IN A BANK OR OTHER FINANCIAL INSTITUTIONS IN, PREFERABLY, BOTH OVERSEAS AND LOCAL FINANCIAL CENTRES,

CANDIDATES FOR THIS POST ARE REQUIRED TO HOLD AN APPROPRIATE DEGREE FROM A HONG KONG OR BRITISH UNIVERSITY OR EQUIVALENT OR AN APPROPRIATE RECOGNISED PROFESSIONAL QUALIFICATION AT LEAST EIGHT YEARS OF EXPERIENCE IN THE APPROPRIATE FIELD AND PREFERABLY BETWEEN THE AGE OF 35 AND 40.

THE SUCCESSFUL CANDIDATE WILL BE APPOINTED ON PROBATION (FOR LOCAL CANDIDATES ONLY) OR ON AGREEMENT (FOR BOTH LOCAL AND OVERSEAS CANDIDATES) FOR TWO AND A HALF YEARS WITH GRATUITY OF 25 PER CENT OF GROSS BASIC SALARY. THE MONTHLY SALARY IS FIXED AT $12,400.

APPLICATIONS TO THIS POST MUST REACH THE SECRETARY, PUBLIC SERVICES COMMISSION, ROOM 416, CENTRAL GOVERNMENT OFFICES (MAIN WING), FOURTH FLOOR, LOWER ALBERT ROAD BEFORE MONDAY (NOVEMBER 27).

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