XN000022-1983-02-01 — Page 5

TUESDAY, FEBRUARY 1 1983

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FURTHER ACTION AGAINST DTC'S

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THE COMMISSIONER OF DEPOSIT-TAKING COMPANIES HAS TODAY REVOKED THE REGISTRATION OF THREE DEPOSIT-TAKING COMPANIES. THEIR NAMES ARE:

AXONA INTERNATIONAL CREDIT AND COMMERCE LIMITED HONG KONG DEPOSIT AND GUARANTY COMPANY LIMITED TETRA FINANCE (HK) LIMITED

THE REVOCATION OF THE REGISTRATION OF THESE COMPANIES FOLLOWS THE SUSPENSION OF THEIR REGISTRATION ON JANUARY 3, ON THE GROUNDS THAT THE COMPANIES HAD FAILED TO MAINTAIN THE MINIMUM LEVEL OF SPECIFIED LIQUID ASSETS REQUIRED BY LAW DURING NOVEMBER 1982.

IN ADDITION, THE COMMISSIONER HAS ALSO SUSPENDED UNTIL FURTHER NOTICE THE REGISTRATION OF FIRST HONG KONG CREDIT LIMITED AS A DEPOSIT-TAKING COMPANY, ON THE GROUNDS THAT THE COMPANY HAS FAILED TO MAINTAIN THE MINIMUM LEVEL OF SPECIFIED LIQUID ASSETS REQUIRED BY LAW DURING DECEMBER 1982.

CHINA GROUP VISITS REGISTRAR GENERAL'S DEPARTMENT ****

A SIX-MEMBER DELEGATION LED BY MR HU XING ZHANG, THE TRADE MARK DIVISION CHIEF, MINISTRY OF FOREIGN ECONOMIC RELATIONS AND TRADE OF THE PEOPLE'S REPUBLIC OF CHINA, FOREIGN TRADE ADMINISTRATION, VISITED THE REGISTRAR GENERAL'S DEPARTMENT THIS AFTERNOON (TUESDAY).

THE DELEGATION DISCUSSED VARIOUS ASPECTS OF TRADE MARK LAW AND PRACTICE AND VISITED THE TRADE MARKS REGISTRY IN THE UNITED CENTRE, A SPOKESMAN FOR THE DEPARTMENT SAID.

OUTSTANDING YOUTH LEADERS REWARDED

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TEN OUTSTANDING YOUTH LEADERS WERE THIS (TUESDAY) EVENING PRESENTED WITH OUTWARD BOUND SCHOLARSHIPS BY A LEGISLATIVE COUNCILLOR, MR CHARLES YEUNG, WHO IS ALSO A MEMBER OF THE COUNCIL FOR RECREATION AND SPORT.

THEY ARE MESSRS LAW KEUNG, LO WING-CHAK, HO SIU-WING FUNG SIK-LEUNG, CHEUNG KA-FAI, CHAU CHIU-POR AND LEUNG PING-KI, AND MISS KO PUÍ-KING, MISS LAI MAN-CHI AND MISS SO KAN-MEI.

AT A PRESENTATION CEREMONY HELD THIS EVENING, MR YEUNG PRAISED THE YOUTHS FOR THEIR DEDICATED SERVICE TO THE COMMUNITY DURING THE 1982 SUMMER YOUTH PROGRAMME.

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