XN000022-1987-01-16 — Page 15

FRIDAY, JANUARY 16, 1987

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NORWEGIAN BANK GRANTED LICENCE

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THE DEN NORSKE CREDITBANK (DNC) HAS BEEN GRANTED A BANKING LICENCE TO CONDUCT BUSINESS IN HONG KONG, A NOTICE TO THIS EFFECT WAS GAZETTED TODAY (FRIDAY).

+THE DNC WAS ESTABLISHED IN 1857 AND IS NORWAY'S LARGEST BANK, ONE OF ITS WHOLLY-OWNED SUBSIDIARIES IS A HONG KONG LICENSED DEPOSIT-TAKING COMPANY, + A GOVERNMENT SPOKESMAN SAID.

+THE ESTABLISHMENT OF A NORWEGIAN BANKING PRESENCE IN HONG KONG REFLECTS HONG KONG'S DEVELOPMENT AS A BROAD-BASED FINANCIAL CENTRE,+ HE ADDED.

THIS IS THE FIRST BANKING LICENCE TO BE GRANTED IN 1987, BRINGING THE TOTAL NUMBER OF LICENSED BANKS IN HONG KONG TO 152, OF WHICH 117 ARE INCORPORATED OUTSIDE HONG KONG,

ISLANDS 'WALK FOR MILLIONS' ON SUNDAY

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THE ISLANDS DISTRICT'S +WALK FOR MILLIONS+ WILL TAKE PLACE THIS SUNDAY (JANUARY 18) IN THE NAN SHAN COUNTRY PARK ON LANTAU

ISLAND.

THE FINANCIAL SECRETARY, MR PIERS JACOBS, WILL OFFICATE AT THE STARTING CEREMONY AT 10.30 AM IN THE N.T. HEUNG YEE KUK SOUTHERN DISTRICT SECONDARY SCHOOL, MUI WO FERRY PIER, LANTAU ISLAND,

NOTE TO EDITORS:

YOU ARE INVITED TO COVER THE EVENT. THE GOVERNMENT LAUNCH +CLEMENTI+ WILL LEAVE THE KOWLOON PUBLIC PIER IN TSIM SHA TSUI AT 8.30 AM AND THE MARINE DEPARTMENT PIER IN CENTRAL AT 8.45 AM FOR MUI WO.

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