Date:
28.11.86
Time:
8.30
12.30
Reporter:
PMS
1
MR CHEONG:
Nil. You mentioned that there are other
2
revenues from
234
CHAIRMAN:
That is Government.
201
This is just Government, yes.
5
67
6
MR CHEONG:
Just these two.
7
8
SES:
9
10
CHAIRMAN:
11
12
MR CHEONG:
Government from hotel accommodation.
Apart from the tax and the subvention from
Government, does the Association have any other source of revenue?
13
14
15
SES:
I imagine they have some minor sources,
16 membership fees, sale of publications, negligible.
17
18
19
20
21
22
23
24
25
26
27
28
MR CHEONG:
SES:
Negligible.
Compared with these figures I think. But
the Government contribution is about 90%.
MR CHEONG:
Well assuming that in the year 1985-86
the Association have one and a half months in reserve, let's say for argument's sake HK$20 million, so their expenditure was HK$90 million per annum. Now in the year 1981 their total intake was about HK$63 million and assuming one and a half months reserve at that particular time, their total expenditure at that time would be amounting to about
HK$53 million so there is really an increase of a heck of a lot.
1
29
30
31
SES:
Indeed, yes.
32
33
MR CHEONG:
Where did they spend it?
34
35
SES:
36
I am sure those figures are set out in the accounts which have been laid on the table. Basically, of course, on