:
WILL BE TRANSFERRED TO THE HOME OWNERSHIP FUND TO MEET EXPENDITURE ON 9,539 FLATS IN PHASE 1 OF THE HOME OWNERSHIP SCHEME AND FOR A START TO BE MADE ON PHASE 11 TO PROVIDE A FURTHER 3,200 FLATS. B. 11,115 NEW PRIMARY SCHOOL PLACES AND 26,900 NEW FORM I PLACE HAVE BEEN PROVIDED FOR. THE ADDITIONAL FORM 1 PLACES WILL BRING
THE TOTAL SUCH PLACES TO 100,900 TO MEET IN FULL THE DEMAND
FROM PRIMARY 6 LEAVERS IN SEPTEMBER 1978,
C. FREE JUNIOR SECONDARY EDUCATION IS ESTIMATED TO COST DOLLARS
50 MILLION FOR THE TWO ACADEMIC TERMS FALLING IN THE 1978-79
FINANCIAL YEAR. TIME HAS NOT ALLOWED FOR THIS AMOUNT TO BE PROVIDED SPECIFICALLY IN THE APPROPRIATE SUBHEADS, BUT A SUM
OF DOLLARS 50 MILLION HAS BEEN EARMARKED UNDER THE ADDITIONAL
COMMITMENTS VOTE.
D. TOTAL EXPENDITURE ON MEDICAL AND HEALTH SERVICES WILL BE
DOLLARS 891 MILLION, INCLUDING PROVISION FOR AN ADDITIONAL
823 HOSPITAL BEDS.
E. PROVISION HAS BEEN MADE FOR THE IMPLEMENTATION OF THE
PROPOSALS IN THE THREE GREEN PAPERS ON ASSISTANCE TO THE ELDERLY, TO YOUTH AND TO THOSE WHO SHOULD RECEIVE HELP THROUGH THE SOCIAL
SECURITY SYSTEM, AND IN THE WHITE PAPER ON REHABILITATION SERVICES. ESTIMATED TOTAL EXPENDITURE IN 1978-79 ON PUBLIC ASSISTANCE, ON WELFARE ALLOWANCES AND OTHER FORMS OF SOCIAL
SECURITY IS DOLLARS 337 MILLION OR NEARLY TWO-THIRDS OF THE PROVISION FOR RECURRENT EXPENDITURE ON SOCIAL WELFARE.
PART VI : FISCAL POLICY AND REVENUE PROPOSALS.
20. AFTER REPORTING ON THE DECISIONS TAKEN SO FAR AS REGARDS THE RECOMMENDATIONS OF THE THIRD INLAND REVENUE ORDINANCE REVIEW
COMMITTEE (AND, IN PARTICULAR, ON THE TAXATION TREATMENT OF
INTEREST), THE FINANCIAL SECRETARY PUT FORWARD SEVEN REVENUE PROPOSALS FOR 1978-79, VIZ:
A. TO STOP CINFERRING UPON TAX DEFAULTERS THE BENEFIT OF THE
TWO INSTALMENT SYSTEM INTRODUCED WITH PROVISIONAL TAX:
B. TO INCREASE EXCISE DUTY ON IMPORTED CIGARETTES, SO AS TO RESTOR
THE INCIDENCE OF DUTY WHICH HAD DECLINED AS A RESLUT OF LESS TOBACCO (BY WEIGHT) BEING USED IN IMPORTED CIGARETTES. (ADDITIONA
REVENUE ABOUT DOLLARS 10 MILLION IN 1978-79):
C. TO RENDER UNLAWFUL THE USE OF KEROSENE FOR AUTOMOTIVE PURPOSES.
(ADDITIONAL REVENUE ABOUT DOLLARS 2 MILLION IN 1978-79) :
D. TO INCREASE FIRST REGISTRATION TAX ON PRIVATE CARS VIA THE
INTRODUCTION OF A SCALE THAT WILL DISTINGUISH BETWEEN BASIC,
SEMI-LUXURY AND LUXURY CARS. (ADDITIONAL REVENUE ABOUT DOLLARS 15 MILLION IN 1978-79):.
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/E.
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