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Wednesday, November 14, 1973
ALLOCATION OF GRANTS AND LOANS FROM LOTTERIES FUND
Procedure To Be Streamlined
Present procedure for allocating grants and loans from the
Lotteries Fund will be streamlined to enable future applications to be
dealt with more speedily.
The Financial Secretary, the Hon. C.P. Haddon-Cave, told the
Legislative Council this today when he spoke on the second reading of the
Government Lotteries (Amendment and Validation) Bill 1973.
Under the Bill, the requirement that every grant and loan shall
be subject to the prior approval by resolution of the Council would be
deleted, leaving the Financial Secretary as the final authority for approving
allocations from the Fund.
However, Mr. Haddon-Cave proposed in turn to delegate this power
to the Director of Social Welfare, acting on the advice of the Social Welfare
Advisory Committee, and subject to certain conditions.
Allocations which do not satisfy these conditions, such as those
involving exceptionally large sums or having substantial recurrent implications,
would require his approval.
The Financial Secretary said he was confident that these changes
would enable applications for allocations from the Lotteries Fund to be
dealt with considerably faster than hitherto.
/Another