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SPEECH BY THE HONOURABLE THE FINANCIAL SECRETARY IN LEGISLATIVE COUNCIL: WEDNESDAY 9 APRIL 1986
Pa
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In accordance with section 8(8) (b) of the Public
Finance Ordinance, I have tabled for Members' information
a summary of changes made to the approved Estimates of Expenditure in the third quarter of the financial year
1985-86.
Supplementary provision of $750.6 million 'was
approved, of which $518.8 million were included in
supplementary warrants. Net supplementary provision of
$423 million was approved for payment to the Mass Transit Fund to enable the proceeds of a debt repayment by the
Kowloon-Canton Railway Corporation to be set aside
towards an equity injection of $1,000 million for the
Mass Transit Railway Corporation in 1987-88. Other sums
of supplementary provision approved have been offset
either by savings under the same or other heads of
expenditure or by deletion of funds under the additional
commitments votes and these included $210 million for
payment of out-of-court settlement as advised by
Counsel for the Crown and $40.7 million for adjustments of salaries and allowances for Judiciary and Royal Hong
Kong Police Force.
Approved commitments were increased by $213.6 million
during this period and new commitments of $1,044.7 million
were also approved.
Items in this summary have been approved either by Finance Committee or under delegated authority. The
latter have been reported to the Finance Committee in
accordance with section 8 (8) (a) of the Public Finance
Ordinance.
HKK 011/3 RECEIVED IN REGISTRY
23 APR 1986
DESK OFFICER
INDLA
PA
MISTRY
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