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Wednesday, March 29, 1972

HONG KONG SOCIETY OF ACCOUNTANTS

Legislation To Be Introduced Shortly

Legislation for the establishment of the Hong Kong Society of

Accountants will be introduced into the Legislative Council in late

April or early May.

The Financial Secretary, the Hon. C.P. Haddon-Cave, said today

that final drafts of the bill and of the by-laws had now been agreed

both by a Government working party and a working party of practising

members of the profession.

Replying to queries from Unofficial Members concerning the

employment of qualified accountants in Government departments, Mr. Haddon-Cave

said the approved establishment of such posts was 37, and there were

five vacancies.

He said if recruitment possibilities in recent years had been

more promising the establishment might well be larger.

The Financial Secretary agreed that accountants were thin on

the ground, but added that the Accountant General intended to review the

position once he was able to assess the effect of the improved terms

resulting from the recommendations of the 1971 Salaries Commission.

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