FRIDAY, AUGUST 3, 1984
+NO ELECTRICITY SYSTEM CAN REMAIN COMPLETELY IMMUNE FROM UNFORESEEABLE TECHNICAL BREAKDOWNS OR ACTS OF GOD. BUT THE MEASURES NOW BEING IMPLEMENTED BY CLP, IN CONJUNCTION WITH THE HIGH TECHNICAL STANDARDS ALREADY MAINTAINED BY THE COMPANY, WILL ENSURE THAT THE STATISTICAL PROBABILITY OF SUCH INCIDENTS IS REDUCED TO THE MINIMUM, THE SPOKESMAN SAID.
HE POINTED OUT THAT THE GOVERNMENT WAS AWARE OF THE NEED TO MAINTAIN EMERGENCY SERVICES AND TO ENSURE PUBLIC SAFETY DURING POWER BLACKOUTS AND HAD CONDUCTED A REVIEW OF THE EXISTING ARRANGEMENTS.
+EVEN THOUGH MAJOR POWER BLACKOUTS SUCH AS THAT ON MARCH 4 ARE VERY RARE, MINOR LOCAL ISED BLACKOUTS INEVITABLY OCCUR FROM TIME TO TIME. THE EMERGENCY SERVICES ARE THUS FAMILIAR WITH THIS KIND OF SITUATION AND CAN RESPOND QUICKLY TO DEAL WITH KNOWN TROUBLE SPOTS.
+THIS WAS DEMONSTRATED CLEARLY IN THE RECORDED EVENTS OF MARCH 4 IN THAT ALTHOUGH SOME TRAFFIC PROBLEMS WERE EXPERIENCED, DUE TO THE FAILURE OF TRAFFIC SIGNALS. THE EMERGENCY SERVICES REPORTED NO MAJOR INCIDENTS ARISING FROM THE BLACKOUT.
TWO OVERSEAS BANKS GET HK LICENCES
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TWO MORE OVERSEAS BANKS HAVE BEEN GRANTED LICENCES TO CONDUCT BUSINESS IN HONG KONG.
THEY ARE THE DAI-ICHI KANGYO BANK LIMITED, THE LARGEST BANK IN JAPAN AND THE EIGHTH LARGEST IN THE WORLD, AND THE TOYO TRUST AND BANK ING CO LTD, WHICH ALREADY HAS A REPRESENTATIVE OFFICE IN HONG KONG AND A WHOLLY OWNED REGISTERED DEPOSIT-TAKING COMPANY SUBSIDIARY, TOYO TRUST ASIA LTD.
+ BOTH BANKS ARE INCORPORATED IN JAPAN AND HAVE SATISFIED THE REQUIREMENTS UNDER THE BANKING ORDINANCE, A GOVERNMENT SPOKESMAN SAID.
+THE CONTINUING INTEREST BY FOREIGN BANKS IN ESTABLISHING BRANCHES IN HONG KONG IS A DEMONSTRATION OF OVERSEAS CONFIDENCE IN THE FUTURE OF HONG KONG, PARTICULARLY AS A MAJOR FINANCIAL CENTRE,+ HE ADDED.
WITH THE APPROVAL OF THESE TWO APPLICATIONS, THERE ARE NOW 139 LICENSED BANKS IN HONG KONG.
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