XN000022-1991-04-26 — Page 14

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BANKING LICENCE REVOKED

FRIDAY, APRIL 26, 1991

THE BANKING LICENCE OF THE KYOWA BANK, LTD HAS BEEN REVOKED AT REQUEST WITH EFFECT FROM APRIL 1 THIS YEAR, A GOVERNMENT SPOKESMAN SAID TODAY (FRIDAY).

ITS

"AFTER THE MERGER OF THE KYOWA BANK, LTD AND THE SAITAMA BANK, LTD IN JAPAN ON APRIL 1 THIS YEAR, KYOWA CEASED TO BE A SEPARATE INDEPENDENT ENTITY CARRYING ON BANKING BUSINESS IN ITS OWN RIGHT IN HONG KONG," THE SPOKESMAN SAID.

KYOWA AND SAITAMA WERE GRANTED A BANKING LICENCE TO OPERATE HONG KONG IN 1984 AND 1982 RESPECTIVELY.

IN

AFTER THE REVOCATION, THERE ARE 166 LICENSED BANKS IN HONG KONG, OF WHICH 136 ARE INCORPORATED OUTSIDE HONG KONG.

PROPOSED LINKING OF BUS ONLY LANES AT HUNG MUI KUK INTERCHANGE

THE HIGHWAYS DEPARTMENT PROPOSES TO CARRY OUT WORKS TO LINK THE EXISTING KOWLOON-BOUND BUS ONLY LANES ON HUNG MUI KUK ROAD LION ROCK TUNNEL ROAD IN SHA TIN,

UP AND

IS

THE

A SPOKESMAN FOR THE DEPARTMENT SAID TODAY (FRIDAY): "THERE A GAP OF ABOUT 300 METRES AT THE HUNG MUI KUK INTERCHANGE BETWEEN EXISTING BUS ONLY LANE ON LION ROCK TUNNEL ROAD AND THAT ON HUNG MUI KUK ROAD.

"BUSES ARE STILL REQUIRED TO MERGE WITH THE GENERAL TRAFFIC AND SUFFER THE SAME DELAY AS THE GENERAL TRAFFIC BEFORE ENTERING INTO THE BUS ONLY LANE ON LION ROCK TUNNEL ROAD.

"IT IS THEREFORE PROPOSED TO LINK THE TWO BUS ONLY LANES TO MAKE BUS JOURNEY TIME EVEN MORE RELIABLE AND TO IMPROVE MERGING AND SAFETY AT THE INTERCHANGE," HE SAID.

THE PROPOSED WORKS INCLUDE MAINLY THE WIDENING OF THIS 300-METRE SECTION OF THE KOWLOON-BOUND LANE OF HUNG MUI KUK ROAD AND LION ROCK TUNNEL ROAD AT THE INTERCHANGE.

TODAY.

A NOTICE ON THE PROPOSED WORKS WAS PUBLISHED IN THE

GAZETTE

THE PLAN AND SCHEME MAY BE INSPECTED AT THE FOLLOWING GOVERNMENT OFFICES :

* CENTRAL AND WESTERN DISTRICT OFFICE, PUBLIC ENQUIRY

SERVICE

CENTRE, GROUND FLOOR, HARBOUR BUILDING, 38 PIER ROAD,

CENTRAL;

/* SHA TIN