XN000022-1986-10-03 — Page 2

FRIDAY, OCTOBER 3, 1986

SIR GEOFFREY HOWE TO VISIT HONG KONG

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THE SECRETARY OF STATE FOR FOREIGN AND COMMONWEALTH AFFAIRS, THE RT HON SIR GEOFFREY HOWE, WILL VISIT HONG KONG ON OCTOBER 11 AND 12 TO BRING HIMSELF UP-TO-DATE WITH DEVELOPMENTS IN THE TERRITORY.

THIS WILL BE SIR GEOFFREY'S FIRST VISIT TO HONG KONG SINCE DECEMBER 1984 WHEN THE SINO-BRITISH JOINT DECLARATION WAS SIGNED.

SIR GEOFFREY WILL BE ACCOMPANIED BY LADY HOWE, AND AMONG OFFICIALS IN HIS PARTY WILL BE THE ASSISTANT UNDER-SECRETARY OF STATE, DR DAVID WILSON, AND SIR GEOFFREY'S PRINCIPAL PRIVATE SECRETARY, MR ANTHONY GALSWORTHY,

SIR GEOFFREY WILL FLY IN FROM LONDON AT 4.30 PM ON SATURDAY (OCTOBER 11) AND WILL ATTEND A MEETING WITH MEMBERS OF THE EXECUTIVE COUNCIL SHORTLY AFTERWARDS.

IN THE EVENING, SIR GEOFFREY AND LADY HOWE WILL BE GUESTS AT DINNER AT THE LEGISLATIVE COUNCIL BUILDING. THIS FUNCTION WILL BE HOSTED JOINTLY BY THE GOVERNOR AND MEMBERS OF THE EXECUTIVE AND LEGISLATIVE COUNCILS.

THE NEXT MORNING, SIR GEOFFREY WILL GIVE A PRESS CONFERENCE AT THE FORMER LEGISLATIVE COUNCIL CHAMBER IN THE CENTRAL GOVERNMENT OFFICES. HE WILL THEN DEPART FOR CHINA WHERE HE WILL BE THE MINISTER IN ATTENDANCE ON THE QUEEN DURING HER STATE VISIT ON OCTOBER 12 TO 18.

BANK ING ORDINANCE PROVIDES PROTECTION

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THE NEW BANKING ORDINANCE IS A PACKAGE OF MEASURES DESIGNED TO LIMIT OPPORTUNITIES FOR IMPRUDENT BEHAVIOUR BY INSTITUTIONS THE SECRETARY FOR MONETARY AFFAIRS, MR DAVID NENDICK, SAID TODAY (FRIDAY).

SPEAKING AT THE UNIVERSITY OF HONG KONG'S CENTRE OF ASIAN STUDIES, MR NENDICK SAID THIS IMPORTANT PIECE OF LEGISLATION ALSO PROVIDED THE COMMISSIONER OF BANK ING WITH +WARNING SIGNALS TO TELL HIM WHEN THINGS ARE GOING WRONG SO THAT THERE IS STILL TIME TO PUT THEM RIGHT+.

+FOR HIS PART, THE COMMISSIONER NOW HAS THE ABILITY TO ACT SWIFTLY WHENEVER THE SITUATION SO DEMANDS, HE SAID,

MR HENDICK OUTLINED THE SCOPE OF THE NEW ORDINANCE AND REFERRED TO MAJOR CHANGES THAT HAD BEEN INTRODUCED, AND THE REASONS FOR THEM, UNDER SIX HEADINGS: THE COMMISSIONER'S ROLE, AUDIT, REGULATION OF OWNERSHIP AND MANAGEMENT, RESTRICTIONS ON LOANS, THE CAPITAL TO RISK ASSETS RATIO AND THE LIQUIDITY RATIO.

/+IT SHOULD,