XN000022-1990-10-31 — Page 69

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WEDNESDAY, OCTOBER 31, 1990

APPEAL

COURSE OF HEARING

"THE RULES ALSO ENABLE THE PANEL TO ORDER PARTIES TO AN TO PAY FOR THE COSTS INCURRED BY THE PANEL IN THE AN APPEAL," HE ADDED.

THE RULES WILL BE PUBLISHED IN THE GAZETTE ON NOVEMBER 9, 1990.

REGISTRATION OF DEPOSIT-TAKING CO REVOKED

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THE COMMISSIONER OF BANKING ANNOUNCED TODAY (WEDNESDAY) THAT

AT ITS OWN REQUEST UNDER SECTION 31(2) OF THE BANKING ORDINANCE, THE REGISTRATION OF CREDIT COMMERCIAL DE FRANCE FINANCE (HONG KONG) LIMITED AS A DEPOSIT-TAKING COMPANY HAS BEEN REVOKED AS AT THE CLOSE OF BUSINESS ON OCTOBER 31, 1990.

CHANGES OF PERMITTED RENTS FOR PRE-WAR/POST-WAR DOMESTIC PREMISES

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ONE OF THE CHANGES MADE BY THE RESOLUTION OF THE LEGISLATIVE COUNCIL ON JULY 18, 1990 UNDER THE LANDLORD AND TENANT (CONSOLIDATION) ORDINANCE WILL COME INTO OPERATION TOMORROW (THURSDAY).

A SPOKESMAN FOR THE RATING AND VALUATION DEPARTMENT EXPLAINED THAT THE PERMITTED RENT OF PRE-WAR DOMESTIC PREMISES UNDER PART I OF THE ORDINANCE WOULD BE RAISED FROM 43 TO 48 TIMES THE STANDARD RENT OF THE PREMISES.

WHERE THE CURRENT RENT IS LESS THAN THE PERMITTED RENT, THE LANDLORD MAY SERVE A NOTICE IN THE SPECIFIED FORM ON THE TENANT INCREASING THE RENT TO THE PERMITTED LEVEL.

THE SPOKESMAN ALSO POINTED OUT THAT THE OTHER CHANGE MADE BY THE RESOLUTION IN RAISING THE MINIMUM RENT OF POST-WAR DOMESTIC PREMISES UNDER PART II OF THE ORDINANCE, FROM 65 PER CENT ΤΟ 70 PER CENT OF THE PREVAILING MARKET RENT WOULD NOT BECOME OPERATIVE UNTIL DECEMBER 19.

ANYONE HAVING ENQUIRIES ON THESE CHANGES COULD OBTAIN ASSISTANCE FROM RENT OFFICERS OF THE RATING AND VALUATION DEPARTMENT (TEL. NO. 805 7888) OR THE STAFF OF THE DISTRICT OFFICES.

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