XN000022-1993-11-05 — Page 18

17

FRIDAY, NOVEMBER 5, 1993

* BOTH AUTHORITIES WILL

OF

PERMIT EACH OTHER TO GATHER INFORMATION FROM THE CROSS-BORDER BANKING ESTABLISHMENTS AUTHORISED INSTITUTIONS FROM THEIR RESPECTIVE TERRITORIES. ADDITIONALLY, BOTH AUTHORITIES WILL, TO THE EXENT PERMITTED BY LAW, BE PREPARED TO SHARE WITH KACH OTHER INFORMATION ABOUT INDIVIDUAL INSTITUTIONS. WHICH WILL HELP IN THE EXERCISE OF THEIR SUPERVISORY FUNCTIONS.

MR CARSE ADDED: "THE MEMORANDUM PUTS INTO EFFECT RECOMMENDATIONS OF THE BASLE COMMITTEE ON BANKING SUPERVISION. SHOULD HELP TO ACHIEVE MORE CO-ORDINATED SUPERVISION OF HONG KONG INDONESIAN INSTITUTIONS"

THE

IT

AND

THE ARRANGEMENT WITH BANK INDONESIA 18 BROADLY SIMILAR ΤΟ THAT REACHED WITH THE PEOPLE'S BANK OF CHINA LAST YEAR. SIMILAR ARRANGEMENTS ARE BEING SOUGHT WITH OTHER SUPERVISORY AUTHORITIES IN THE ASIA-PACIFIC REGION.

TRAVEL AGENTS LICENSING FEES TO BE REVISED

A

THE

GOVERNMENT SPOKESMAN TODAY (FRIDAY) ANNOUNCED THAT SECRETARY FOR THE TREASURY HAD APPROVED REVISION TO THE TRAVEL AGENTS' LICENSING AND RELATED FEES, EFFECTIVE FROM JANUARY 1, NEXT YEAR.

THE REVISED FEES SET OUT IN THE TRAVEL AGENTS { AMENDMENT} REGULATION 1993 WAS GAZETTED TODAY.

DETAILS OF THE REVISION ARE AS FOLLOWS:

* FOR AN APPLICATION

FOR A LICENCE

EXISTING

NEW RATE

520

575

* FOR A LICENCE OR THE RENEWAL OF A LICENCE (FOR EACH MONTH OF THE TERM)

400

440

* FOR AMENDING A LICENCE-

(A) FOR AN ADDITIONAL

550

605

ADDRESS, FOR EACH

NEW PREMISES

(B) OTHERWISE

130

143

/* FOR ISSUING

+