196
Date:
Time:
28.11.86
8.30
12.30
Reporter: PMS
1 their payment for collection.
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in
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CHAIRMAN:
MR CHEONG:
CHAIRMAN:
All right. Is this their budget?
Their revenue.
Their revenue.
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SES:
Yes, that is their revenue.
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MR POON:
Was there any surplus?
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SES:
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Yes, that is the subvention from Government.
They have some revenue of their own.
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CHAIRMAN:
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Yes, but out of their total balance, total
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17 budget, was their any surplus in '85-86 for the Tourist Association?
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SES:
Yes, they retain a reserve of one and a
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half months' expenditure.
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CHAIRMAN:
One and a half months.
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MR CHEONG:
Mr Chairman, can I help
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CHAIRMAN:
Wait, wait, let's resolve that point
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SES:
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now. What does that mean, one and a half months retainer?
They retain in their reserves the equivalent
of one and a half months' expenditure.
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CHAIRMAN:
That is about what, HK$ 15 million?
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w w wo
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SES:
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MR POON:
Yes, roughly.
Mr Chairman, are you suggesting that they