XN000022-1991-02-13 — Page 6

WEDNESDAY, FEBRUARY 13, 1991.

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GOVT RECEIVED MTRC INVESTIGATION REPORT ON DETRAINMENT

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THE GOVERNMENT HAS RECEIVED A FULL REPORT FROM THE MASS TRANSIT RAILWAY CORPORATION ON ITS INVESTIGATION OF THE DETRAINMENT INCIDENT WHICH OCCURRED ON NOVEMBER 6 LAST YEAR, A GOVERNMENT SPOKESMAN SAID TODAY (WEDNESDAY).

COMMENTING ON THE MTRC'S REPORT, THE SPOKESMAN SAID THE GOVERNMENT AS MONITORING AUTHORITY FOR THE SAFETY OF TRAIN PASSENGERS, WAS SATISFIED WITH THE INVESTIGATION'S FINDINGS AND IMPROVEMENT MEASURES PROPOSED BY THE CORPORATION.

THE GOVERNMENT HAD ALSO RECEIVED A SEPARATE REPORT FROM THE LOCAL RAILWAY INSPECTORATE WHICH HAS ENDORSED THESE FINDINGS AND RECOMMENDATIONS.

THE SPOKESMAN STRESSED THAT THE GOVERNMENT WOULD THE IMPROVEMENT MEASURES ARE IMPLEMENTED AS SOON AS WOULD CONTINUE TO MONITOR ALL ASPECTS OF RAILWAY SAFETY LOCAL RAILWAY INSPECTORATE.

ENSURE THAT POSSIBLE AND THROUGH THE

BANKING LICENCE GRANTED TO UNIBANK A/S

THE UNIBANK A/S HAS BEEN GRANTED A BANKING LICENCE TO CONDUCT BUSINESS IN HONG KONG, THE BANKING LICENCE of MIDLAND BANK PLC HAS BEEN REVOKED.

"UNIBANK IS THE SECOND LARGEST BANK IN DENMARK, AND RANKS 7 1ST IN THE WORLD IN TERMS OF CAPITAL," A GOVERNMENT SPOKESMAN SAID TODAY (WEDNESDAY).

"IT HAS A REPRESENTATIVE

OFFICE IN HONG KONG,

AND IS THE

SECOND DANISH BANK LICENSED HERE, HE SAID.

OF FORBION

THE SPOKESMAN SAID THAT THE CONTINUING INTEREST BANKS IN ENTERING THE LOCAL MARKET REFLECTED HONG KONG'S ROLE AS A MAJOR INTERNATIONAL FINANCIAL CENTRE.

"GIVEN THE GROWING IMPORTANCE OF HONG KONG'S BILATERAL TRADE WITH DENMARK, IT [S DESIRABLE THAT THE COUNTRY HAS APPROPRIATE REPRESENTATION IN HONG KONG'S BANKING SECTOR, HE ADDED.

P

FOLLOWING ITS GLOBAL REORGANISATION, THE HONG KONG THE MIDLAND BANK PLC CEASED OPERATING IN DECEMBER 1990.

THE BANK, WHICH WAS GRANTED A MAINTAINED A REPRESENTATIVE OFFICE CONTINUITY OF ITS PRESENCE.

BRANCH OF

BANKING LICENCE IN IN HONG KONG TO

1979, HAS

ENSURE A

THERE ARE