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CONFIDENTIAL ##

For discussion

n 9 April 1985

XCC (85)36

Copy No...

SENİ C/WMEMORANDUM FOR EXECUTIVE COUNCIL

pui

05

Hong Kong Industrial Estates Corporation Ordinance

(Chapter 209)

36

HKK OUT

16 APR 1985

AVING

HONG KONG INDUSTRIAL ESTATES CORPORATION

(AMENDMENT) BILL 1985

Introduction

Annexed for the consideration of Members is the Hong Kong Industrial Estates Corporation (Amendment) Bill 1985.

Background

2

The Hong Kong Industrial Estates Corporation (HKIEC) was established by the Hong Kong Industrial Estates Corporation Ordinance in 1977 to establish, construct, manage, and control the industrial estates. Section 27(1) of the Ordinance provides for the Corporation to appoint, with the approval of the Governor, a person to be the Chief Executive of the Corporation. Section 7(1) of the Ordinance provides for the establishment of the HKIEC Board which comprises a Chairman (section 7(1)(a)), a Chief Executive (section 7(1)(b)) two unofficial members (section 7(1)(c)) and not more than four official members (section 7(1)(d)). With both the Chairman and the Chief Executive not being public officers, the ratio of representation of unofficial and official members on the Board is at present 4:4.

Reorganisation of the HKIEC

3

The uptake of land in the industrial estates has been slow and the remaining construction works are already well underwway.

The current workload in managing the estates, which is mainly concerned with the commercial leasing of estate land, does not justify the retention of the Corporation's current directorate structure which comprises the Chief Executive (on a salary between points 3 and 4 of the Directorate scale : D3-4), the Commercial Director (D2) and the Technical Director (D2). The Chief Executive will retire at the age of 62 when his contract expires on 31 May 1985. As neither of the two serving directors is considered to be suitable for appointment as Chief Executive, the Corporation has decided not to retain them when their contracts expire in the course of 1985. In order that the Corporation can keep its options on what constitutes an optimum structure for its directorate, it is envisaged by the Administration

and the

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