XN000022-1984-06-08 — Page 7

FRIDAY, JUNE 8, 1984

6

HOUSEWIFE WINS $10 000 METRICATION PRIZE

****

A HOUSEWIFE'S INTEREST IN METRICATION HAS MADE HER $10 000 RICHER.

THIS WAS THE SUM MRS NG HO VIN-KUEN RECEIVED TODAY AS THE FIRST PRIZE IN THE +METRIC FAMILY LUCKY DRAW+, ORGANISED BY THE METRICATION COMMITTEE IN CONJUNCTION WITH OVER 30 SUPERMARKETS.

HER ENTRY WAS AMONG 30 000 ENTRIES IN THE CONTEST WHICH WAS DESCRIBED BY THE METRICATION COMMITTEE CHAIRMAN, MR JAMES WU, AS +HAVING PROVED SUCCESSFUL IN PROMOTING PUBLIC AWARENESS OF THE COMMON USE OF METRIC UNITS IN THE PURCHASE OF DAILY SUNDRIES.+

PRESENTING THE $10 000 BANK DEPOSIT TO MRS NG, MR WU SAID THAT EFFORTS WOULD BE STEPPED UP IN PROMOTING THE USE OF METRIC UNITS IN THE CONSUMER GOODS AND SERVICES SECTOR.

+OUR COMMITTEE WILL SOON JOIN HANDS WITH THE CONSUMER COUNCIL IN CONDUCTING A SURVEY ON THE DIFFERENT TYPES OF WEIGHING EQUIPMENT, AND A SPECIAL ARTICLE WILL BE PUBLISHED IN 'CHOICE MAGAZINE' TO INCREASE PEOPLE'S KNOWLEDGE IN THIS AREA, HE SAID.

THE COMMITTEE WAS ALSO WORKING WITH THE TRANSPORT DEPARTMENT

ON A PROGRAMME TO PUBLICISE METRIC ROAD SIGNS.

SEVEN OTHER WINNERS OF THE LUCKY DRAW RECEIVED PRIZES RANGING FROM A COMPACT DISC PLAYER, A COMPANY GIFT COUPON OF $1 000 TO A CASSETTE TAPE RECORDER.

MORE THAN 150 OTHER PARTICIPANTS WERE AWARDED SHOPPING VOUCHERS OF $200 EACH.

TWO MORE JAPANESE BANKS LICENSED HERE

****

TWO MORE OVERSEAS BANKS HAVE BEEN GRANTED LICENCES TO CONDUCT BUSINESS IN HONG KONG.

THEY ARE THE HOKKAIDO TAKUSHOKU BANK LIMITED AND THE KYOWA BANK LIMITED, BOTH INCORPORATED IN JAPAN.

+THEY HAVE SATISFIED THE REQUIREMENTS UNDER THE BANK ING ORDINANCE WHICH INCLUDE MINIMUM TOTAL ASSETS, LESS CONTRA ITEMS EQUIVALENT TO US$12 000 MILLION AND EFFECTIVE SUPERVISION BY THE MONITORING AUTHORITIES IN THE COUNTRY OF THEIR INCORPORATION, + A GOVERNMENT SPOKESMAN SAID.

+THE CONTINUING INTEREST BY FOREIGN BANKS IN ESTABLISHING BRANCHES IN HONG KONG IS A DEMONSTRATION OF OVERSEAS CONFIDENCE IN HONG KONG'S FUTURE, PARTICULARLY AS A MAJOR FINANCIAL CENTRE, HE SAID.

/ALSO ANNOUNCED