CONFIDENTIAL
EXECUTIVE COUNCIL DECISION OF 1.6.71
The Council considered memorandum XCC(71)20.
The Council ADVISED and the Governor ORDERED:
that, subject to the matters detailed below, the proposals in the memorandum be approved as the basis for the production of a White Paper to be resubmitted to Council before it is published and laid on the table in the Legislative Council :-
(a) the franchise should not be withdrawn
from persons living in the New Territories;
(b) the White Paper should make it quite
clear that Government approval will be required before the Council can raise capital funds in the open market;
(c) consideration should be given to including
in the Council's share of the rate an amount sufficient to cover interest payments on capital raised in the open market in appropriate cases where the project could not by its nature be viable;
(d) the powers of the Chairman, and whether
or not, if a member, he would be replaced by another member upon becoming chairman, should be clarified;
(e) the earliest date for introducing the
scheme would be 1st April 1973.
A. P. ASPREY
Clerk of Councils
RECOVED IN REGISTRY No.51
- 7 JUN 1971
4KK18h
CONFIDENTIAL
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