XN000022-1991-07-17 — Page 44

WEDNESDAY, JULY 17, 1991

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DEPOSIT-TAKING CO REGISTRATION REVOKED

THE COMMISSIONER OF BANKING ANNOUNCED TODAY

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(WEDNESDAY) THAT THE REGISTRATION OF NORD SECURITIES HONG KONG LIMITED AS DEPOSIT-TAKING COMPANY HAS BEEN REVOKED AS AT THE CLOSE OF BUSINESS ON JULY 17 AT ITS OWN REQUEST UNDER SECTION 31(2) OF THE BANKING ORDINANCE.

TWO ROUNDS OF FREE MAILING FOR LEGCO CANDIDATES

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CANDIDATES STANDING FOR THE LEGISLATIVE COUNCIL ELECTIONS SEPTEMBER WILL BE ALLOWED TWO ROUNDS OF FREE MAILING OF THEIR ELECTION LETTERS TO VOTERS.

SAID

ANNOUNCING THIS TODAY (WEDNESDAY), A GOVERNMENT SPOKESMAN UNDER THE EXISTING POST OFFICE REGULATIONS, CANDIDATES IN ANY ELECTION TO A DISTRICT BOARD, THE TWO MUNICIPAL COUNCILS AND THE LEGISLATIVE COUNCIL ARE EACH ENTITLED ΤΟ SEND ONE ELECTION LETTER FREE OF POSTAGE ΤΟ EACH REGISTERED VOTER IN THE CANDIDATE'S CONSTITUENCY.

A REVIEW CONDUCTED BY THE GOVERNMENT IN 1990 ON THE LEVEL OF ELECTION EXPENSES AND THE ASSISTANCE GIVEN ΤΟ CANDIDATES FOR LEGISLATIVE COUNCIL ELECTIONS RECOMMENDED THAT CANDIDATES SHOULD BE GIVEN AN ADDITIONAL ROUND OF FREE MAILING," THE SPOKESMAN SAID.

IN LINE WITH THIS FINDING, THE GOVERNMENT HAD ANNOUNCED IN JULY LAST YEAR THE INTENTION TO PROVIDE TWO ROUNDS OF FREE MAILING ΤΟ LEGISLATIVE COUNCIL ELECTION CANDIDATES.

THIS HAS NOW BEEN PUT INTO EFFECT BY THE POST OFFICE (AMENDMENT) (NO. 2) REGULATIONS 1991, WHICH WILL BE GAZETTED ON FRIDAY (JULY 19).

THE PROVISION FOR A SECOND ROUND OF FREE MAILING WOULD APPLY TO BOTH CANDIDATES FOR DIRECT ELECTIONS TO THE LEGISLATIVE COUNCIL AS WELL AS CANDIDATES FOR FUNCTIONAL CONSTITUENCY ELECTIONS, BUT WILL NOT BE APPLIED TO ELECTIONS TO ANY OTHER BODY, THE SPOKESMAN SAID.

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