TNAG-1836-FCO40-2611-Executive-Council-of-Hong-Kong-memoranda-and-minutes-of-meet-1989 — Page 117

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HONG KONG TELNO 1086 : EXECUTIVE COUNCIL

AT THE PART I MEETING OF THE EXECUTIVE COUNCIL HELD ON 11 APRIL 1989, THE GOVERNOR IN COUNCIL ORDERED THAT

(A) IN PRINCIPLE, A TWELVE YEAR LICENCE SHOULD BE GRANTED TO HONG KONG COMMERCIAL BROADCASTING CO. LTD. (COMMERCIAL RADIO) BEGINNING 26 AUGUST 1989, AND A SECOND COMMERCIAL RADIO LICENCE AWARDED BY TENDER IN EARLY 1989. A FURTHER SUBMISSION SHOULD BE MADE CONTAINING DRAFT LEGISLATION AND LICENSING CONDITIONS, IN WHICH THE QUESTION OF DISQUALIFIED PERSONS, FOREIGN OWNERSHIP AND CONTROL OVER ADVERTISING SHOULD BE DISCUSSED. A MID-TERM REVIEW OF COMMERCIAL RADIO'S LICENCE SHOULD BE HELD IN 1995:

(B) THE CONSULTATIVE DOCUMENT ON FOREIGN LAWYERS SHOULD NOW BE ISSUED AND THE VIEWS OF ALL INTERESTED PARTIES SOUGHT: AND

(C) THE JUROKU BANK AND THE OGAKI KYORITSU BANK SHOULD BE GRANTED BANKING LICENCES UNDER SECTION 16(1) OF THE BANKING ORDINANCE.

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