XN000022-1991-07-09 — Page 2

TUESDAY, JULY 9, 1991

FS TO MAKE STATEMENT IN LEGCO ON BCCHK

THE FINANCIAL SECRETARY, SIR PIERS JACOBS, WILL MAKE STATEMENT IN THE LEGISLATIVE COUNCIL TOMORROW (WEDNESDAY) TO EXPLAIN FULLY THE CIRCUMSTANCES CONCERNING THE SUSPENSION OF OPERATIONS THE BANK OF CREDIT AND COMMERCE HONG KONG LIMITED (BCCHK).

OF

THE COMMISSIONER OF BANKING, MR DAVID CARSE, SAID #18 CONSULTANT, MR JOHN ASPDEN, HAD RETURNED FROM ABU DHABI BUT HAD NOT MANAGED TO OBTAIN ANY STATEMENT OF SUPPORT FROM THE ABU DHABI GOVERNMENT

BCCHK'S ULTIMATE MAJORITY SHAREHOLDER BEHIND THE OPERATIONS OF THE BANK.

TO STAND

"HOWEVER, THERE REMAINS THE POSSIBILITY OF A SALE OF THE BANK AND THIS IS NOW BRING PURSUED WITH THE INTERESTED PARTIES, MR CARSÉ SAID.

to

"MEANWHILE, THE GOVERNMENT HAS TAKEN ALL NECESSARY STEPS TO SAFEGUARD THE ASSETS OF THE BANK IN THE INTEREST OF DEPOSITORY, PENDING FURTHER DEVELOPMENTS ON THE FUTURE OF THE BANK," HE ADDED.

1990 SHIPPING, PORT AND CARGO STATISTICS RELEASED

IN

1990, 18,847 SHIPS WITH A TOTAL CAPACITY OF 112.3 MILLION NET REGISTERED TONS (NRT) ARRIVED HONG KONG, REPRESENTING AN INCREASE OF 1,084 (OR 6%) IN NUMBER AND OF 4.7 MILLION NRT (OR 4%) IN CAPACITY OVER 1989.

REPORT

THIS IS CONTAINED IN THE "HONG KONG SHIPPING STATISTICS 1990" PUBLISHED TODAY (TUESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

IN 1990,

THE TOTAL TONNAGE OF CARGO DISCHARGED IN HONG KONG FROM INCOMING SHIPS (ESTIMATED FROM A SAMPLE OF MANIFEST CONSIGNMENTS) SLIGHTLY INCREASED BY 1% OVER 1989.

ANALYSING INCOMING SHIPS BY SHIP TYPE, MAJOR INCREASEB WER.. RECORDED IN THE NUMBER OF CONTAINER VESSELS (+634), CONVENTIONAL CARGO VESSELS (+228) AND DRY BULK CARRIERS (+92), WHILE A MAJOR DECREASE WAN RECORDED IN THE NUMBER OF OIL TANKERS (-49).

ANALYSING INCOMING SHIPS BY FLAG OF VESSELS, MAJOR INCREA!! WERE RECORDED IN THE NUMBER OF SHIPS REGISTERED IN CHINA (4440); LIBERIA (+178), PANAMA (+82), DENMARK AND GREENLAND (+77) AND SOUTH KORBA (+67), WHILE MAJOR DECREASES WERE RECORDED FOR THOSE REGISTERED IN JAPAN (-81) AND THE NETHERLANDS (-37).

/THE NUMBER