WEDNESDAY, JULY 27, 100
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NOTING THAT THE SCHEME IS FINANCED BY CONTRACTORS BY WAY OF A LEVY ON THE VALUE OF CONSTRUCTION WORKS, MR. MCDONALD SAID IT REFLECTED CREDIT ON CONTRACTORS THAT THERE HAS BEEN VERY LITTLE EVASION OF THE LEVY.
+PERHAPS YOU HAVE RECALLED THAT WHEN LU PAN, WHO WAS ALSO A TEACHER, ONCE SECRETLY GAVE INSPIRATION TO A YOUNG APPRENTICE, HE DEMANDED A REWARD NOT FROM THE APPRENTICE BUT FROM HIS MASTER WHO, AFTER ALL, WAS THE ONE WHO BENEFITTED MOST FROM THE APPRENTICE'S NEW SKILL. +
MR. MCDONALD CONCLUDED HIS SPEECH TO THE CONTRACTORS BY WISHING THEM A YEAR +IN WHICH GOOD WORKMANSHIP BRINGS ITS JUST AND PROPER REWARD.+
SUPPLEMENTARY PROVISION APPROVED
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THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY) APPROVED SUPPLEMENTARY PROVISION AMOUNTING TO $292.4 MILLION FOR THE FOURTH QUARTER OF THE FINANCIAL YEAR 1976-77.
IN MOVING THE MOTION, THE FINANCIAL SECRETARY, THE HON. PHILIP HADDON-CAVE POINTED OUT THAT THE SUPPLEMENTARY PROVISION COVERED BY THE SCHEDULE HAD BROUGHT THE TOTAL SUPPLEMENTARY PROVISION APPROVED FOR THE YEAR TO $522.3 MILLION.
+OF THIS SUM, $313.9 MILLION HAS BEEN OFFSET BY SAVINGS UNDER OTHER SUBHEADS OF EXPENDITURE, OR BY THE FREEZING OF FUNDS UNDER HEAD 50 MISCELLANEOUS SERVICES SUBHEAD 100 ADDITIONAL COMMITMENTS. THUS THE NET INCREASE IN EXPENDITURE APPROVED FOR THE YEAR IS 3238.4 MILLION, HE SAID.
MR. HADDON-CAVE SAID THAT THE FINANCE COMMITTEE HAD ALREADY APPROVED ALL ITEMS IN THE SCHEDULE.
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