XN000022-1991-10-25 — Page 14

LAST 12 MONTHS

DOMESTIC EXPORTS

RE-EXPORTS

TOTAL EXPORTS

IMPORTS

TRADE BALANCE

- 13

FRIDAY, OCTOBER 25, 1991

OCT 90 TO

OCT 89 TO

INCREASE

SEP 91

HK$ MN.

SEP 90 HK$ MN.

HK$ MN.

*

231,269

221,776

9,493

4. 3

500,261

384,311

115,950

30.2

731,530

606,087

125.443

20.7

748,673

598,419

150,254

25.1

-17,143

7.668

-24,811

BANKING LICENCE REVOKED

THE BANKING LICENCE OF AMSTERDAM ROTTERDAM BANK N.V. HAS BEEN REVOKED BY THE GOVERNOR IN COUNCIL AT THE REQUEST BANK, A GOVERNMENT SPOKESMAN SAID TODAY (FRIDAY).

(AMRO) OF THE

AMRO

"AMRO MERGED WITH ALGEMENE BANK NEDERLAND N.V. (ABN) ON SEPTEMBER 22. THE NEW ENTITY CREATED BY THE MERGER IS NAMED ABN BANK N.V. (ABN AMRO) AND IS FULLY RESPONSIBLE FOR ALL PRIOR DEBTS AND OTHER LIABILITIES OF AMRO AND ABN, THE SPOKESMAN SAID.

...

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'AMRO AND ABN WERE GRANTED BANKING LICENCES TO OPERATE IN HONG KONG IN 1981 AND 1965 RESPECTIVELY.

"AFTER THE REVOCATION OF AMRO'S BANKING LICENCE, ABN AMRO WILL CONTINUE TO CARRY ON BANKING BUSINESS UNDER THE LICENCE PREVIOUSLY HELD BY ABN,' HE SAID.

[

AFTER THE REVOCATION, THERE ARE

165

LICENSED BANKS IN HONG

KONG, OF WHICH 135 ARE INCORPORATED OUTSIDE HONG KONG.

VICE-CHAIRMAN OF CONSUMER COUNCIL APPOINTED

A GOVERNMENT SPOKESMAN ANNOUNCED TODAY (FRIDAY) THAT THE GOVERNOR HAS APPOINTED MR JUSTEIN WONG CHUN AS VICE-CHAIRMAN OF THE CONSUMER COUNCIL FOR A PERIOD OF TWO YEARS WITH EFFECT FROM OCTOBER THIS YEAR TO OCTOBER 6, 1993.

7

MR WONG WAS FIRST APPOINTED A MEMBER OF THE CONSUMER COUNCIL IN 1987, SINCE THEN HE HAS BEEN ACTIVELY INVOLVED IN THE COUNCIL'S VARIOUS COMMITTEES AND WORKING GROUPS.

HE IS CURRENTLY CHAIRMAN OF THE CONSUMER EDUCATION COMMITTEE, CONSUMER ADVICE CENTRE STEERING COMMITTEE, AND HEALTH AND SAFETY COMMITTEE.

THE APPOINTMENT NOTICE WAS PUBLISHED IN TODAY'S GAZETTE.

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