XN000022-1993-10-30+31 — Page 8

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SUNDAY, OCTOBER 31, 1993

HE WAS IMPRESSED BY THE MODE OF TRANSMISSION OF CABLE TV -A SINGLE STRAND OF OPTIC FIBRE WAS CAPABLE OF CARRYING A THOUSAND TIMES AS MUCH INFORMATION AS ALL RADIO FREQUENCIES PUT TOGETHER.

WITH EIGHT

THE WHARF CABLE COMPANY WILL BEGIN ITS OPERATIONS CHANNELS. IT IS ALREADY PLANNING TO MORE THAN DOUBLE THE NUMBER OF CHANNELS THEY CARRY BEFORE THE END OF THE DECADE.

"AND THERE IS TALK OF 500 CHANNELS BEING POSSIBLE ON FIBRE OPTIC SYSTEMS, THE GOVERNOR SAID.

MR PATTEN SAID TALENT HAD TO BE UNITED WITH TECHNOLOGY ΤΟ PRODUCE PROGRAMMES THAT WOULD ENTERTAIN, EDUCATE, INFORM AND INTEREST THE COMMUNITY.

**I HOPE THAT BY PROVIDING GREATER INCENTIVE AND OPPORTUNITY FOR HONG KONG'S ARTISTS AND DIRECTORS, TECHNICIANS AND DESIGNERS TO DEVELOP AND DISPLAY THEIR SKILLS, IT CAN HELP TO STIMULATE A NEW GROWTH INDUSTRY FOR HONG KONG," HE Added. ADDED.

NO COMPLACENCY FOR CREDIT UNION ACHIEVEMENTS

* *

THERE IS NO REASON FOR COMPLACENCY FOR THE ACHIEVEMENTS OF THE TERRITORY'S CREDIT UNION MOVEMENT, DIRECTOR OF AGRICULTURE AND FISHERIES, DR LAWRENCE LEE SAID TODAY (SUNDAY).

SPEAKING AT THE CELEBRATIONS OF THIS YEAR'S INTERNATIONAL CREDIT UNION DAY, DR LEE SAID THE LOCAL CREDIT UNION MOVEMENT HAD DEVELOPED GRADUALLY DESPITE HAVING A MODEST START.

DR LEE SAID AT THE END OF MARCH THIS YEAR, THERE WERE 68 CREDIT UNIONS WITH A TOTAL MEMBERSHIP OF 43,800 AND SAVING DEPOSITS OF $369 MILLION. THE COMBINED RESERVE FUND STOOD AT ABOUT $19 MILLION.

AS REGISTRAR OF CRÉDIT UNIONS IN HONG KONG, HE WAS PLEASED TO NOTE THAT STAFF OF HIS DEPARTMENT AND THE CREDIT UNION LEAGUE OF HONG KONG (CULHK) HAD BEEN WORKING CLOSELY SINCE THE MOVEMENT'S INCEPTION.

THE COMMON OBJECTIVE OF THE WORKING PARTNERSHIP WAS то ENSURE THAT CREDIT UNIONS WERE OPERATED AND MANAGED WITH A HIGH DEGREE OF

INANCIAL SAFETY, SOUNDNESS AND PRUDENCE, HE SAID.

TURNING TO THIS YEAR'S INTERNATIONAL CREDIT UNION DAY, THE REGISTRAR SAID THE THEME WAS THE "POWER OF PARTNERSHIP" WHICH UNDERLINED THE IMPORTANCE OF ADHERING TO THE PRINCIPLES OF MUTUAL AND SELF-HELP AND OF CO-OPERATION AMONG ORGANISATIONS AT LOCAL, NATIONAL AND INTERNATIONAL LEVELS,

HAD

HOWEVER, DR LEE SHARED THE SAME CONCERN WITH CULHK OVER THE INCREASING NUMBER OF CREDIT UNIONS, NOW TOTALLING 22, WHICH BECOME INACTIVE.

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