XN000022-1987-01-06 — Page 8

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TUESDAY, JANUARY 6, 1987

REGISTRATION REVOKED

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THE COMMISSIONER OF BANKING ANNOUNCED THAT THE REGISTRATION OF DB CAPITAL MARKETS (ASIA) LIMITED AS A DEPOSIT-TAKING COMPANY HAS BEEN REVOKED TODAY AT ITS OWN REQUEST UNDER SECTION 31(2) OF THE BANKING ORDINANCE 1986. THE COMPANY HAS NOT TAKEN ANY PUBLIC DEPOSIT SINCE ITS REGISTRATION,

SPECIAL PROJECT TO WIDEN STREET ****

A SECTION OF IVY STREET BETWEEN TAI KOK TSUI ROAD AND ELM STREET WILL BE WIDENED TO ENHANCE VEHICULAR FLOW AND PEDESTRIAN SAFETY.

AT PRESENT, THIS SECTION OF IVY STREET ALLOWS ONLY SINGLE- LANE TRAFFIC WITH A PAVEMENT ON ONE SIDE.

THE OTHER SIDE OF THE STREET IS BOUNDED BY A TWO-METRE-HIGH EARTH MOUND ON WHICH A TEMPORARY MARKET WILL SOON BE BUILT.

THE PROJECT INVOLVES CUTTING BACK THE EARTH MOUND TO PROVIDE FOR A DUAL CARRIAGEWAY WITH PAVEMENTS ON BOTH SIDES.

IT IS ESTIMATED THE PROJECT WILL COST ABOUT $130 000. IT WILL BE FINANCED BY THE MONG KOK DISTRICT BOARD.

+THIS PROJECT WAS INITIATED BY THE DISTRICT BOARD IN RESPONSE TO RESIDENTS' REQUESTS THAT PEDESTRIAN SAFETY AND TRAFFIC FLOW IN THE AREA BE IMPROVED, THE DISTRICT BOARD CHAIRMAN, MR CHOW CHUN-FAI, SAID TODAY (TUESDAY).

+AS MORE PEDESTRIANS ARE EXPECTED TO USE THE ROAD WHEN THE MARKET IS COMPLETED LATER THIS YEAR, THE BOARD HAS SOUGHT THE CO-OPERATION OF VARIOUS GOVERNMENT DEPARTMENTS IN EXPEDITING THE PROJECT, HE SAID.

MR CHOW EXPRESSED APPRECIATION TO THE MONG KOK DISTRICT MANAGEMENT COMMITTEE FOR CO-ORDINATING DEPARTMENTAL EFFORTS IN THIS REGARD.

THE URBAN SERVICES DEPARTMENT, WHICH WILL CONSTRUCT THE TEMPORARY MARKET, WILL BE RESPONSIBLE FOR FORMATION OF THE SLOPE AFTER THE EARTH MOUND IS CUT BACK.

THE HIGHWAYS DEPARTMENT WILL RE-SURFACE THE AREA, CONSTRUCT A PEDESTRIAN PAVEMENT AND UNDERTAKE DRAINAGE AND ROAD WORKS.

THE PROJECT IS SCHEDULED TO BEGIN IN APRIL, AND TAKE 12 MONTHS TO COMPLETE.

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