XN000022-1989-03-09 — Page 4

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ليا

THURSDAY, MARCH 9, 1989

AND RESTRICTED

BANKS OR,

NEW AUTHORISATIONS AS DEPOSIT-TAKING COMPANIES LICENCE BANKS WILL GENERALLY BE RESTRICTED TO OVERSEAS AT PRESENT FOR DEPOSIT-TAKING COMPANIES, TO COMPANIES AT LEAST OWNED BY BANKS.

AS HALF

MR NICOLLE SAID THAT ACTION WAS BEING PUT IN HAND TO INTRODUCE THE NECESSARY LEGISLATIVE AMENDMENTS TO EFFECT THE ABOVE CHANGES.

"IT IS HOPED THAT THE NEW SYSTEM WILL BE IN OPERATION THIS YEAR, HE SAID.

"

LATER

FUTURE OF COMMERCIAL SOUND BROADCASTING IN HK

THE BROADCASTING AUTHORITY (BA) TODAY (THURSDAY) RECOMMENDED THAT COMMERCIAL RADIO HONG KONG'S (CRHK) BROADCASTING LICENCE BE RENEWED WHEN ITS CURRENT LICENCE EXPIRES ON AUGUST 25 THIS YEAR AND THAT A LICENCE FOR A SECOND COMMERCIAL RADIO STATION BE AWARDED BY TENDER.

UNDER ITS CURRENT LICENCE, CRHK OPERATES ON THREE AM TERRITORY – WIDE CHANNELS, PROVIDING ONE ENGLISH AND TWO CHINESE SERVICES, THE LATTER TWO SERVICES BEING DUPLICATED ON FM FREQUENCIES,

"THE BA RECOMMENDS THAT CRUK BE GIVEN ONE AM AND TWO F'M CHANNELS IN THE NEW LICENSING PERIOD, THE CHAIRMAN OF THE BA, SIR

ROGER LOBO, SAID.

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**IT IS INTENDED THAT' THE SECOND COMMERCIAL RADIO STATION SELECTED BY THE TENDER WILL ALSO BE OPERATING ON ONE AM AND TWO FM CHANNELS TO ENHANCE COMPETITION ON AN EQUAL FOOTING.

FOR A

"IT IS RECOMMENDED THAT THE NEW CRIK LICENCE RE VALID PERIOD OF 12 YEARS, EXPIRING ON AUGUST 25, 2001, AND SUBJECT TO A MID- TERM REVIEW, THE MID-TERM REVIEW WOULD BE ACCOMPANIED BY PUBLIC HEARINGS.

THE BA HAS ALSO NADE RECOMMENDATIONS ON THE TERMS AND CONDITIONS UNDER WHICH THE CRHK LICENCE WILL BL RENEWED. ALI. THESE RECOMMENDATIONS WILL BE SUBMITTED TO THE EXECUTIVE COUNCIL. DETAILS WILL BE ANNOUNCED AFTER THE EXECUTIVE COUNCIL HAS MADE THE FINAL DECISION.

WHOLE

"IT IS BELIEVED THAT THESE RECOMMENDATIONS WOULD ENSURE THAT AIRWAVES ARE PROPERLY USED IN THE BEST INTERESTS OF THE COMMUNITY, ENHANCE THE EPFICIENCY OF THE REGULATORY SYSTEM, IMPROVE FURTHER THE QUALITY OF COMMERCIAL SOUND BROADCAST ENG IN KONG," SIR ROGER ADDED.

AND

HONG

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