11
FRIDAY, JANUARY 17, 1986
TWO JAPANESE BANKS GRANTED LICENCES
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TWO JAPANESE BANKS, THE NIPPON CREDIT BANK,
THE NIPPON CREDIT BANK, LTD. AND THE SUMITOMO TRUST AND BANKING CO., LTD., HAVE BEEN GRANTED BANK ING LICENCES TO CONDUCT BUSINESS IN HONG KONG, A GOVERNMENT SPOKESMAN SAID TODAY (FRIDAY).
INCORPORATED IN JAPAN, THE NIPPON CREDIT BANK LTD. HAS BEEN A LONG-TERM CREDIT BANK SINCE 1957 AND AN AUTHORISED FOREIGN EXCHANGE BANK SINCE 1964.
IT HAS AT PRESENT A WHOLLY OWNED REGISTERED DEPOSIT-TAK ING COMPANY AND A REPRESENTATIVE OFFICE IN HONG KONG.
THE SUMITOMO TRUST AND BANK ING CO., LTD., WHICH WAS SET UP AS A TRUST COMPANY IN JAPAN IN 1925, HAS A WHOLLY OWNED REGISTERED DEPOSIT-TAKING COMPANY IN HONG KONG SINCE 1978.
THE BANK HAS BEEN PROVIDING COMMERCIAL BANKING AND FIDUCIARY SERVICES SINCE 1948.
+THIS BRINGS THE TOTAL NUMBER OF LICENSED BANKS IN HONG KONG TO 145, OF WHICH 20 ARE JAPANESE BANKS, THE SPOKESMAN SAID.
DECEMBER COOLER THAN USUAL
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DECEMBER 1985 WAS SLIGHTLY COOLER THAN USUAL, THE ROYAL OBSERVATORY REPORTED.
THE MONTH'S MEAN MAXIMUM TEMPERATURE OF 19.7 DEGREES CELSIUS MAS 1.1 DEGREES CELSIUS BELOW NORMAL AND THE MEAN TEMPERATURE OF 17.2 DEGREES CELSIUS WAS 0.5 DEGREE CELSIUS BELOW NORMAL.
TOTAL RAINFALL IN DECEMBER WAS 12.9 MILLIMETRES WHICH WAS ONLY ABOUT HALF THE NORMAL AMOUNT FOR THE MONTH.
WEATHER DURING THE FIRST SIX DAYS WAS MAINLY FINE AND WARM APART FROM SOME CLOUDY PERIODS AND TRACES OF LIGHT RAIN ON DECEMBER 3 AND 5.
TEMPERATURE ON DECEMBER 6 ROSE TO 25.6 DEGREES CELSIUS WHICH WAS THE HIGHEST OF THE MONTH.
A WEAK SURGE OF WINTER MONSOON ARRIVED ON THE EVENING OF DECEMBER 6 AND THE WEATHER BECAME CLOUDY WITH LIGHT RAIN AT FIRST ON DECEMBER 7. HOWEVER, IT TURNED FINE AND SUNNY LATER IN THE AFTERNOON. A FURTHER REPLENISHMENT OF THE WINTER MONSOON THAT EVENING BROUGHT DRY NORTHERLY WINDS TO HONG KONG AND FINE WEATHER CONTINUED FOR THE NEXT TWO DAYS.
/ANOTHER SURGE
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