XN000022-1988-06-10 — Page 26

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FRIDAY, JUNE 10, 1988

IN 1973, THE BANK WAS ACQUIRED BY ANOTHER OVERSEA-CHINESE BANKING CORPORATION LTD (OCBC).

LICENSED

BANK,

THE

TO

"TO CENTRALISE THE SUPERVISION OF ITS OVERSEAS BRANCHES AND BUSINESS AVOID DUPLICATION OF FUNCTIONS, OCBC HAS TRANSFERRED THE

EFFECT FROM MAY FSCB IN HONG KONG TO ITS HONG KONG BRANCH WITH 1988, THE SPOKESMAN SAID.

TO

OF

21,

OCBC ALL THE ASSETS OF FSCB IN HONG KONG HAVE BEEN TAKEN UP BY

FSCB INDEMNIFIES

AGAINST, WHICH NOW ASSUMES RESPONSIBILITY FOR, AND ALL THE LIABILITIES ARISING FROM FSCB'S HONG KONG BUSINESS.

FSCB HAD HENCE SOUGHT TO HAVE ITS LICENCE REVOKED VOLUNTARILY, THE SPOKESMAN SAID.

REVOKED,"

KONG, HE

"AS FSCB HAS CEASED TO CARRY ON BANKING BUSINESS IN HONG APPROVAL HAS THEREFORE BEEN GRANTED TO HAVE ITS LICENCE SAID.

BALANCED APPROACH REFLECTS CONCERN FOR ENVIRONMENTAL PROTECTION

* * *

OVER

THE GOVERNMENT'S CONCERN

ENVIRONMENTAL PROTECTION AND LANDSCAPING IS REFLECTED IN ITS BALANCED APPROACH IN TOWN PLANNING AND OFFICER, MR MATTHEW DEVELOPMENT OF THE NORTH DISTRICT, THE DISTRICT CHIRUNG, SAID TODAY (FRIDAY).

CEREMONY TO

THE MARK

NORTH DISTRICT REGIONAL COUNCIL IN AN AMENITY

A HE WAS SPEAKING AT TREE-PLANTING DAY ORGANISED BY THE AREA AT BRIDE'S POOL ROAD, LUK KENG.

DISTRICT-BASED

PROJECTS GOVERNMENT WAS DETERMINED

MR CHEUNG SAID A NUMBER OF FACILITIES SERVED TO SIGNIFY THAT THE ITS EFFORTS TO PROTECT AND IMPROVE THE ENVIRONMENT.

CONSTRUCTION THESE INCLUDED THE STRADDLING SHEK WU HUI AND LUEN WO HUI, AND

OF PROVISION FANLING, AS WELL AS

LANDSCAPING.

THE

AND

IN

OF A 13-HECTARE

A RECREATION SITTING-OUT AREAS

TOWN PARK GROUND IN AND ROAD

TO TAKE PART

IN THE ALSO

FUNCTION PROMOTED

HE ADDED THAT HE WAS PLEASED WHICH COMMEMORATED THE WORLD ENVIRONMENT DAY 1988, AND PUBLIC AWARENESS OF ENVIRONMENTAL PROTECTION.

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