XN000022-1988-04-19 — Page 12

TUESDAY, APRIL 19, 1988

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VIEWS ON TELECOMMUNICATIONS REPORT BEING STUDIED

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THE GOVERNMENT IS STUDYING THE VIEWS OF THE TELECOMMUNICATIONS LIMITED AND

HONG HUTCHISON CABLEVISION CONSULTANCY REPORT ON TELECOMMUNICATIONS DEVELOPMENT IN HONG KONG.

LIMITED

KONG ON A

THE

THAT FINDINGS OF

A GOVERNMENT SPOKESMAN SAID TODAY (TUESDAY} ADMINISTRATION HAD NOT YET FORMULATED ANY VIEWS

ON THE THE REPORT WHICH WAS SUBMITTED TO THE GOVERNMENT LAST MONTH.

"CAREFUL CONSIDERATION WILL BE GIVEN TO THE FINDINGS WITH COMMENTS FROM THE TWO COMPANIES BEFORE RECOMMENDATIONS TO THE EXECUTIVE COUNCIL,

THE SPOKESMAN SAID.

TOGETHER ARE MADE

DEVELOPMENT IN

THE CONSULTANCY STUDY ON TELECOMMUNICATIONS HONG KONG WAS ORDERED BY THE EXECUTIVE COUNCIL, IN JULY LAST YEAR.

BOOZ, ALLEN AND PLANNING AS THE DISRUPTION

IN SEPTEMBER LAST YEAR THE GOVERNMENT APPOINTED AND HAMILTON (FORMERLY KNOWN AS COMMUNICATIONS STUDIES INTERNATIONAL) TO UNDERTAKE THE STUDY COVERING SUCI ISSUES BENEFITS OF COMPETITION, POSSIBLE EFFECTS ON CONSUMERS AND TO THE PUBLIC.

EIGHT NEW INSURANCE COMPANIES GIVEN APPROVAL

EIGHT NEW INSURANCE COMPANIES FIVE OVERSEAS AND THREE LOCAL WERE AUTHORISED TO CARRY ON INSURANCE BUSINESS IN OR DURING THE 1987-88 FINANCIAL YEAR, GLEESON, SAID TODAY (TUESDAY).

THE REGISTRAR

FROM HONG KONG GENERAL, MR NOEL

AUTHORISED

DURING THE SAME PERIOD,

FOLLOWING

18 EXISTING INSURERS

THE CESSATION OR ORDERLY RUN-OFF INSURANCE BUSINESS IN HONG KONG.

CEASED ΤΟ BE OF THEIR

INSURERS MARCH

AS AT MARCH 31 THIS YEAR THERE WERE 279 AUTHORISED OPERATING 1 IN HONG KONG, REPRESENTING A NET DECREASE OF 10 SINCE 31 LAST YEAR.

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REMAINDER

COMING (11), JAPAN

OF THESE, 127 WERE HONG KONG INSURERS THE FROM OVERSEAS, INCLUDING THE UK (13). USA (27) BERMUDA

+ (8), SINGAPORE (7), SWITZERLAND (7), ('ANADA (6) AND FRANCE (5).

MR GLEESON