XN000022-1991-06-13 — Page 16

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THURSDAY, JUNE 13, 1991

AT TODAY'S MEETING, REPRESENTATIVES OF THE PLANNING, ENVIRONMENT AND LANDS BRANCH AND OTHER CONCERNED DEPARTMENTS- EXPLAINED THE DETAILS OF THESE PROPOSALS, INCLUDING A LICENSING SCHEME FOR LIVESTOCK KEEPING AND HIGHER CAPITAL GRANTS FOR FARMERS AFFECTED.

THE CAPITAL GRANTS HAVE BEEN INCREASED FROM $48 ΤΟ $120 PER SQUARE METRE FOR PIG AND CHICKEN FARMS. THE RATES FOR PIGEON AND QUAIL FARMS HAVE ALSO BEEN INCREASED TO $40 AND $50 PER SQUARE METRE RESPECTIVELY.

THE CHAIRMAN OF THE CONSULTATIVE COMMITTEE, MR LEO

KWAN, SAID THE BRIEFING HAD HELPED MEMBERS ACQUIRE A BETTER UNDERSTANDING OF THE PROPOSALS SO THAT THEY COULD EXAMINE THEM CAREFULLY AND GIVE THEIR VIEWS DURING THE CONSULTATION PERIOD.

HE ALSO URGED LIVESTOCK FARMERS TO EXPRESS THEIR VIEWS ΤΟ THE GOVERNMENT THROUGH THEIR REPRESENTATIVES ON THE CONSULTATIVE COMMITTEE.

BE

CONSOLIDATED DECISION IS

"THE VIEWS OF THE CONSULTATIVE COMMITTEE WILL AND SUBMITTED TO THE EXECUTIVE COUNCIL BEFORE A FINAL MADE," HE ADDED.

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NEW COMPUTER SYSTEM FOR THE BANKING COMMISSION

THE OFFICE OF THE COMMISSIONER OF BANKING (OCB) ANNOUNCED TODAY (THURSDAY) THE COMMISSIONING OF A NEW COMPUTER SYSTEM.

THE NEW COMPUTER SYSTEM, COSTING $25 MILLION, WILL GREATLY ENHANCE AND EXPEDITE THE PROCESS INO OF BANKING AND MONETARY STATISTICS BY THE OOR AND THE MONETARY AFFAIRS BRANCH.

THE NEW COMPUTER SYSTEM HAS A MEMORY SIZE WHICH IS 60 TIMES AND STORAGE CAPACITY 30 TIMES THAT OF THE FORMER SYSTEM.

"IT IS ESSENTIAL THAT THE OFFICE OF THE COMMISSIONER OF BANKING AND THE MONETARY AFFAIRS BRANCH SHOULD HAVE THE ABILITY TO ANALYSE THE DATA OF FINANCIAL INSTITUTIONS AND THE FINANCIAL SYSTEM QUICKLY TO OBTAIN AN EARLY READING OF DEVELOPMENTS AND TRENDS, THE ACTING COMMISSIONER OF BANKING, MR ALBERT CHEOK SAID.

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THE OCP IS MAKING GREATER USE OF OFF-SITE ANALYSIS OF THE INSTITUTIONS' FINANCIAL DATA AS A SUPPLEMENT ΤΟ ITS TRADITIONAL ON-SITE EXAMINATIONS.

"ANALYSES OF FINANCIAL DATA, WHICH THIS NEW SYSTEM WILL PROVIDE, WILL GREATLY RNHANCE OUR ABILITY TO MONITOR ASPECTS OF INDIVIDUAL INSTITUTIONS' OPERATIONS AND THEREBY HELP US TO IDENTIFY SPECIFIC AREAS FOR SUPERVISORY EXAMINATION, HE ADDED.

"AT THE SAME TIME, IN CONJUNCTION WITH THE MONETARY AFFAIRS

BRANCH, WE HAVE TAKEN THE OPPORTUNITY SIMPLIFY STATISTICAL RETURNS WITH A VIEW BURDEN ON INSTITUTIONS." MR CHROK SAID.

FURTHER ΤΟ STREAMLINE AND TO REDUCING THE REPORTING

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