24
Wednesday, February 14, 1973
He also promised the Council that, in the event of any error in
the calculation or any unforeseen developments which should have been
taken into account in launching the Council, he would seek the agreement
of the Legislative Council for the provision of appropriate financial
assistance either by way of an adjustment in the rate or by way
of a grant.
Further more, he added that the Government would pay the
Council an initial "pump-priming grant or dowry" for spending on
capital or recurrent items.
This sum would be subject to the approval of the Finance
Committee of the Legislative Council.
Release time: 9.00 p.m.