XN000022-1991-07-16 — Page 2

TUESDAY, JULY 16, 1991

COLLECTION OF FUNDS FROM FOREIGN BANKS

* * * * *

BANK

A

GROUP OF DEPOSITORS OF

LIMITED

THE ( BCCHK), A PURPORTED WITHDRAWAL OF WITH

BANK A US

UNDER THE

AT A MEETING TODAY (TUESDAY) WITH OF CREDIT AND COMMERCE HONG KONG

ABOUT COMMISSIONER OF BANKING WAS ASKED

BANK'S ACCOUNT US$30 MILLION FROM THE INSTRUCTION OF THE STAFF OF THE BANK.

THE COMMISSIONER CLARIFIED THAT THE WITHDRAWAL WAS PROPERLY

REPRESENTED THE AUTHORISED BY HIM AND THAT IT DEPOSITS HELD BY BCCHK WITH THE BANK OF NEW YORK WITH THE HONGKONG BANK.

ΤΟ

OF TRANSFER

BCCHK'S

MATURED ACCOUNT

THE AMOUNT CONCERNED IS INCLUDED IN THE HKD 2 BILLION THAT HAS BEEN RETURNED TO HONG KONG.

SIX MORE FUND-RAISING PERMITS ISSUED

A SOCIAL WELFARE DEPARTMENT SPOKESMAN THIS (TUESDAY) EVENING SAID SIX MORE PUBLIC SUBSCRIPTION PERMITS WERE ISSUED TODAY, BRINGING THE TOTAL NUMBER OF PERMITS ISSUED TO 10.

RECEIVING THE PERMITS TODAY WERE XIAO FENG SOCIETY OF ARTS LIMITED, CENTRAL AND WESTERN DISTRICT DEVELOPMENT RESEARCH CENTRE, CITY CHAIN LIMITED, ASIA TELEVISION LIMITED, OFFICE OF CHIANG SAI-CHEONG DISTRICT BOARD MEMBER, AND OFFICE OF URBAN COUNCILLOR MR

WONG SIU-YEE.

"WE HAVE, SO FAR, RECEIVED A TOTAL OF 27 WRITTEN FOR HOLDING ACTIVITIES IN PUBLIC PLACE ΤΟ RAISE FUNDS FLOOD VICTIMS, THE SPOKESMAN SAID.

rt

APPLICATIONS FOR CHINA'S

0

EXERCISE FREEDOM WITHIN THE LAW

* * * * * *

RESPONDING TO PRESS COMMENT, A GOVERNMENT

(TUESDAY) SAID:

SPOKESMAN TODAY

"WE HAVE FREEDOM OF SPEECH IN HONG KONG AND WE DEFEND THAT FREEDOM. WE ASK ONLY THAT PEOPLE EXERCISE THAT FREEDOM WITHIN THE LAW. BUT, AS THE GOVERNOR HAS MADE CLEAR ON MANY OCCASIONS IN THE PAST, WE DO NOT WANT HONG KONG TO BE USED AS A BATTLEFIELD FOR OTHER PEOPLE'S POLITICAL BATTLES, EVERYTHING WE DO IS CONSISTENT WITH THIS POLICY."

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