XN000022-1988-04-15 — Page 18

FRIDAY, APRIL 15, 1988

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BRITISH EDUCATIONAL DELEGATION VISITS VTC

AND

A SENIOR MANAGEMENT TEAM FROM THE BUSINESS

TECHNICIAN EDUCATION COUNCIL (BTEC) OF THE UNITED KINGDOM ENDED ITS WEEK-LONG VISIT TO HONG KONG TODAY (FRIDAY).

THE TEAM, LED BY MR ERIC MEATS, THE BTEC'S CHIEF OFFICER (STANDARDS AND REVIEW), VISITED THE VOCATIONAL TRAINING COUNCIL THREE OF ITS TECHNICAL INSTITUTES.

AND

THE VISITORS ALSO HAD DISCUSSIONS WITH THE COUNCIL'S EXECUTIVE DIRECTOR, MR HORACE KNIGHT, ON REVALIDATION OF STUDY PROGRAMMES AS WELL AS THE BTEC'S LATEST DEVELOPMENTS.

BTEC, A VALIDATION BODY, WAS ESTABLISHED BY THE BRITISH SECRETARY OF STATE FOR EDUCATION AND SCIENCE TO ADVANCE THE QUALITY AND AVAILABILITY OF A WIDE RANGE OF EMPLOYMENT-RELATED EDUCATION ΤΟ THE MUTUAL BENEFIT OF STUDENTS AND EMPLOYERS IN THE UNITED KINGDOM.

MOST TECHNICIAN-LEVEL COURSES OFFERED BY THE HONG KONG COUNCIL'S EIGHT TECHNICAL INSTITUTES ARE VALIDATED BY THE BTEC WHOSE AWARDS ARE RECOGNISED BY MANY PROFESSIONAL BODIES AND INSTITUTIONS SATISFYING THE EDUCATIONAL REQUIREMENTS FOR MEMBERSHIP.

AS

BANKING LICENCE TRANSFERRED

THE BANKING LICENCE OF DEUTSCHE BANK (ASIA) AG HAS BEEN TRANSFERRED TO DEUTSCHE BANK AG, A GOVERNMENT SPOKESMAN SAID TODAY (FRIDAY).

DEUTSCHE BANK AG WAS GRANTED A BANKING LICENCE IN HONG KONG IN 1979. THIS WAS REVOKED IN SEPTEMBER 1987 AFTER ITS ACQUISITION OF DEUTSCHE BANK (ASIA) AG IN MAY 1987,

THE UNDERTAKING OF DEUTSCHE BANK (ASIA) AG WAS SUBSEQUENTLY MERGED INTO DEUTSCHE BANK AG ON APRIL 5, 1988, THE DATE ON WHICH THE MERGER WAS REGISTERED WITH THE COMMERCIAL REGISTER OF THE DISTRICT COURT OF FRANKFURT AM MAIN.

DEUTSCHE BANK THE TRANSFER

TO PUT THE MERGER INTO EFFECT IN HONG KONG, THE (MERGER) ORDINANCE 1988 WAS ENACTED ON MARCH 16, 1988. OF LICENCE ENABLES DEUTSCHE BANK AG TO CONTINUE ΤΟ CONDUCT BANKING BUSINESS IN HONG KONG.

"DEUTSCHE BANK AG IS THE LARGEST BANK GROUP IN THE FEDERAL REPUBLIC OF GERMANY. ITS CONTINUING PRESENCE REFLECTS THE IMPORTANCE OF HONG KONG AS AN INTERNATIONAL BANKING CENTRE, THE SPOKESMAN SAID.

C

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