XN000022-1988-11-30 — Page 24

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WEDNESDAY, NOVEMBER 30, 1988

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NO CHANGE TO SIZE CRITERIA FOR BANKING LICENCES

THE SIZE CRITERIA FOR BANKING LICENCE APPLICATIONS FOR FOREIGN BANKS AND LOCALLY INCORPORATED COMPANIES ARE TO REMAIN UNCHANGED.

SPOKESMAN AGAINST

ANNOUNCING THIS TODAY (WEDNESDAY), A GOVERNMENT EXPLAINED THAT APPLICATIONS FOR BANKING LICENCES WERE JUDGE CERTAIN SPECIFIED CRITERIA, ONE OF WHICH WAS SIZE AS MEASURED BY 101AL ASSETS (LESS CONTRA ITEMS) FOR FOREIGN APPLICANTS, AND TOTAL ASSETS (LESS CONTRA ITEMS) AND DEPOSITS FROM THE PUBLIC FOR LOCAL APPLICANTS.

THE SIZE CRITERIA FOR BOTH FOREIGN AND LOCAL

SUBJECT TO ANNUAL REVIEW, HE POINTED OUT.

APPLICANTS ARE

"THE 1988 REVIEW HAS BEEN COMPLETED AND IT HAS BEEN DECIDED THAT THERE SHOULD BE NO CHANGE TO THE SIZE CRITERIA.

"THE ASSET THRESHOLD REMAINS AT US$14 BILLION FOR FOREIGN APPLICANTS. AS REGARDS LOCAL APPLICANTS, THE SIZE CRITERIA REMAINS AT HK$2,500 MILLION FOR TOTAL ASSETS AND AT HK$1,750 MILLION FOR DEPOSITS FROM THE PUBLIC,' HE SAID.

..

SEPARATE PAY SCALE A WELCOME STEP: CP

RECOMMENDED

BY

THE POLICE FORCE REGARD THE SEPARATE PAY SCALE THE REVIEW COMMITTEE ON DISCIPLINED SERVICES PAY AND CONDITIONS OF SERVICE AS A VERY SIGNIFICANT STEP FORWARD, THE COMMISSIONER OF POLICE, MR RAYMON ANNING SAID YESTERDAY (TUESDAY).

"WE HOPE THAT THIS WILL BE AGREED BY THE GOVERNMENT, HE ADDED.

HE WAS SPEAKING TO REPORTERS AT THE AIRPORT ON HIS RETURN FROM THE INTERPOL CONFERENCE IN BANGKOK.

ASKED IF HE THOUGHT POLICE MORALE HAD SUFFERED AS A RECOMMENDATIONS MADE BY THE COMMITTEE, HE SAID THAT HE DID MORALE WAS LOW.

OF THE

"I THINK IF YOU LOOK AT THE EFFECTIVENESS SEE THE WAY THE FORCE IS WORKING, IT IS TURNING IN SOME WORK, MAKING SOME TREMENDOUS ARRESTS AND VERY GOOD RESULTS. ALL THE NORMAL INDICATORS OF MORALE SHOW THE FORCE AS BEING EFFICIENT AT THE MOMENT.

RESULT OF NOT THINK

FORCE, AND

TREMENDOUS

IN FACT, EXTREMELY

/"I AM