XN000022-1985-06-11 — Page 9

TUESDAY, JUNE 11, 1985

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SUSPENSION LIFTED

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THE COMMISSIONER OF DEPOSIT-TAKING COMPANIES ANNOUNCED THAT THE SUSPENSION OF REGISTRATION OF 0.T.B. FINANCE LIMITED AND EXPRESS FINANCE AND INVESTMENT LIMITED UNDER SECTION 45 OF THE DEPOSIT-TAKING COMPANIES ORDINANCE CEASED YESTERDAY (MONDAY).

HK PLANS ROLE IN CANADIAN EXPOSITION

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HONG KONG'S PARTICIPATION IN THE WORLD EXPOSITION IN VANCOUVER, CANADA, NEXT YEAR WILL BE ONE OF THE SUBJECTS FOR CONSIDERATION BY THE FINANCE COMMITTEE TOMORROW (WEDNESDAY).

MEMBERS WILL BE ASKED TO APPROVE A COMMITMENT OF UP TO $3 MILLION TO MEET THE GOVERNMENT'S CONTRIBUTION FOR HONG KONG TO TAKE PART IN THE EXPOSITION.

THE TOTAL COST FOR HONG KONG IS ESTIMATED TO BE ABOUT $10 MILLION, AND PRESENT INDICATIONS ARE THAT AT LEAST $7 MILLION WILL BE RAISED THROUGH PRIVATE SECTOR SPONSORSHIP.

EXPO 86 WILL BE HELD IN VANCOUVER FROM MAY 2 TO OCTOBER 13 NEXT YEAR, AND IS EXPECTED TO ATTRACT SOME 14 MILLION VISITORS. THIRTY-FIVE NATIONS, INCLUDING HONG KONG'S MAJOR TRADING PARTNERS AND REGIONAL COMPETITORS, ARE ALREADY COMMITTED TO TAKING PART.

THE THEME OF THE EXPOSITION WILL BE TRANSPORTATION AND COMMUNICATION,

IT WILL PROVIDE A USEFUL AND TIMELY OPPORTUNITY TO PROMOTE HONG KONG'S IMAGE AS A VIABLE AND PROSPEROUS TERRITORY, AND AS THE REGIONAL CENTRE FOR TRANSPORT, COMMUNICATIONS AND FINANCE.

ITS ORGANISERS HAVE RESERVED A 500-SQUARE-METRE SITE IN A CENTRAL LOCATION FOR HONG KONG.

IN ORDER TO PROVIDE A LEAD AND TO ENCOURAGE THE CONTINUED INTEREST OF ORGANISATIONS ALREADY INVOLVED AND THOSE THAT MAY BE INTERESTED IN TAKING PART, THE FINANCE COMMITTEE WILL BE ASKED TO COMMIT A SUM NOT EXCEEDING $3 MILLION TOWARDS THE PROJECT, SUBJECT TO THE DIFFERENCE BEING MADE UP BY THE PRIVATE SECTOR.

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