XN000022-1991-08-02 — Page 4

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FRIDAY, AUGUST 2, 1991

INCREASING

SIR DAVID SAID THE YEARS SINCE THEN HAD SEEN AN DEMAND FOR INFORMATION, KNOWLEDGE, ENTERTAINMENT AND EDUCATION.

"I THINK WE WOULD ALL AGREE THAT THE BROADCASTING INDUSTRY DONE REMARKABLY WELL IN MEETING THESE CHALLENGES, HE SAID.

"I

HE ALSO WISHED THE METRO BROADCAST EVERY SUCCESS IN THE

HAS

YEARS

AHEAD.

NENDICK DENIES CHINA INVOLVEMENT IN BCCHK CLOSURE

*

UNITED

THE SECRETARY FOR MONETARY AFFAIRS, MR DAVID NENDICK, TODAY (FRIDAY) CATEGORICALLY DENIED AN AGENCY REPORT FILED FROM THE

GOVERNMENT STATES WHICH SAID THAT THE

OF CHINA HAD INTERVENED TO BLOCK THE CLOSING OF A BCCI BRANCH IN HONG KONG.

AND Ι THINK

THAT OR A SLIP

19

THAT "THERE IS NO TRUTH WHATSOEVER IN PROBABLY EITHER A SLIP OF THE PEN BY THE AGENCY CONCERNED OF THE TONGUE BY THE PERSON GIVING EVIDENCE.

OPERATION

"THEY COULD WELL HAVE BEEN REFERRING TO THE GUANGDONG PROVINCE WHICH IS A BRANCH OF BCCI (OVERSEAS). WHAT WE COMMERCE IN HONG KONG IS A SUBSIDIARY CALLED BANK OF CREDIT AND KONG LIMITED. IT HAS NOT GOT THE WORD 'INTERNATIONAL' IN IT AND IT A SEPARATE ENTITY FROM THE ONE IN CHINA, MR NENDICK SAID.

"

IN

HAVE HONG

19

THE HE SAID THE CIRCUMSTANCES LEADING UP TO BOTH

OPENING OF AND THE THE BANK IN HONG KONG ON SATURDAY

CLOSING ON MONDAY WERB CLEARLY SPELT OUT IN THE COMMISSIONER OF BANKING'S REPORT.

"I CAN CATEGORICALLY DENY THERE IS ANY TRUTH IN THE SUGGESTION THAT CHINA HAD ANY INVOLVEMENT IN THE MATTER.

*

BANKING'S

REPORT

MEANWHILE, COPIES OF THE COMMISSIONER OF

THE CLOSURE OF THE BANK THE GOVERNOR ON THE EVENTS LEADING TO CREDIT AND COMMERCE HONG KONG LIMITED ARE NOW READY FOR COLLECTION DEPOSITORS AND CREDITORS.

TO

OF

BY

AVAILABLE

AT

HIGH

ARR COPIES OF THE REPORT IN ENGLISH AND CHINESE THE COUNTER OF THE OFFICIAL RECEIVER'S OFFICE ON THE DECK LEVEL, BLOCK, QUEENSWAY GOVERNMENT OFFICES DURING OFFICE HOURS.

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