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lotteries proceeds, leaving a small fraction of 3.5 per cent to the Lotteries Fund. Indeed, what seems to be a considerable increase in share for the Fund, estimated at an additional $27 million for 86/87 is but a tiny crumb left over from the lotteries cake' consumed generously by the other parties.
Here, I wish to draw Members' attention to the capital grant given to the construction of the Jubilee Sports Centre This is three times the amount of totalling HK$150 million.
net proceeds from the lotteries paid annually into the Lotteries Fund, averaging less than HK$50 million and covering
Obviously, more than 80 social welfare capital projects.
social welfare has been denied the same kind of magnanimity shown to recreation, although both social services are designed to promote human development and social well-being of our
society.
Sir, Funds generated by the lotteries speak for the fact that Hong Kong does not lack community support for its social welfare services. The problem lies with an unfair distribution of public funds. If the name of the Lotteries Fund is any indication of its objective, then the inequitable and preposterous appropriations proposed in the bill, which benefit the government treasury and the Jockey Club at the expense of
The Lotteries Fund recipients are totally unacceptable. increase in betting duty, claimed to be necessary for fiscal reasons, explains the reduction in the share for the Lotteries
Also Fund which dropped from 5.75% in 1983 to 1.5% in 1985. for fiscal reasons, adjustments recommended by the bill, leaving the entire share of betting duty untouched, aims basically at a reduction of administrative costs; which in my opinion could be further trimmed down simply by eliciting the lotteries operating cost from the Jockey Club's computerised facilities.
For many years, the paltry allocation given to the Lotteries Fund has resulted in inadequate capital grants for