15
WEDNESDAY, NOVEMBER 29, 1978
SUPPLEMENTARY PROVISIONS APPROVED *******
THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY) APPROVED THE SUPPLEMENTARY PROVISIONS FOR THE QUARTER ENDED MARCH 31, 1978.
THE SCHEDULE OF SUPPLEMENTARY PROVISIONS FOR THE FINAL QUARTER OF THE FINANCIAL YEAR, SAID THE FINANCIAL SECRETARY THE HON. PHILIP HADDON-CAVE, COVERED A TOTAL AMOUNT OF $27.7 MILLION.
IN BREAKING DOWN THE TOTAL, MR. HADDON-CAVE SAID THAT:
* $10 MILLION WAS REQUIRED TO AUGMENT PERSONAL EMOLUMENTS
SUBHEADS ON ACCOUNT OF THE 1977 SALARIES REVISION=
*
*
$9.9 MILLION WAS REQUIRED TO COVER THE NET EXPENDITURE OF THE UNALLOCATED STORES ACCOUNT OF THE GOVERNMENT SUPPLIES DEPARTMENT-
$3.8 MILLION WAS REQUIRED TO MEET WITHDRAWALS BY THE ASIAN DEVELOPMENT BANK AGAINST PROMISSORY NOTES ISSUED BY THE HONG KONG GOVERNMENT- AND
* $2,8 MILLION WAS REQUIRED FOR PUBLIC WORKS PROJECTS.
+THIS SCHEDULE BRINGS THE TOTAL SUPPLEMENTARY PROVISIONS FOR 1977-78 TO $1,121 MILLION. BUT BECAUSE OF SAVINGS IN OTHER SUBHEADS, ACTUAL TOTAL EXPENDITURE AT $8,996.9 MILLION WAS ONLY $752 MILLION MORE THAN THE ORIGINAL ESTIMATES, THE FINANCIAL SECRETARY SAID.
HE ADDED THAT THE FINANCE COMMITTEE HAD APPROVED ALL THE ITEMS IN THE SCHEDULE.