TNAG-1617-FCO40-2225-Executive-Council-of-Hong-Kong-memoranda-and-minutes-of-meet-1987 — Page 300

M(87)11

CONFIDENTIAL

131

A117

Banking Ordinance 1986

APPLICATIONS FOR BANKING LICENCE FROM

(a) CASSA DI RISPARMIO DELLE PROVINCIE LOMBARDE (b) BANCO DI NAPOLI

(L/M 10/87 to B1/1C VII)

The Council considered memorandum XCC(87)48.

The Council ADVISED and the Acting Governor ORDERED :

under section 16(1) of the

Banking Ordinance, that licences,

subject to the usual conditions

in paragraph 1(b) in Annex C to

the memorandum, should be granted

to-

(a) Cassa di Risparmio delle

Provincie Lombarde; and

(b) Banco di Napoli.

Secretary for Monetary

Affairs, Mr

D.A.C.

(The

NENDICK, and the Commissioner of Banking, Mr R.

attended before the Council for discussion of this item.)

FELL,

Х

A118

THE COMMISSIONER OF BANKING'S ANNUAL REPORT FOR 1986

(L/M 22/87 (CR) to G4/16C II)

The Council considered memorandum XCC(87)46.

The Council ADVISED and the Acting Governor ORDERED :

CONFIDENTIAL

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