FRIDAY, AUGUST 17, 1979
APPOINTMENT OF COMMISSIONER OF INLAND REVENUE
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THE COMMISSIONER OF INLAND REVENUE, MR. R.V. GIDDY, WILL BE RETIRING NEXT (SEPTEMBER) MONTH.
HE WILL BE SUCCEEDED BY MR. V.A. LADD, DEPUTY COMMISSIONER WHOSE PROMOTION HAS BEEN APPROVED BY THE SECRETARY OF STATE FOR FOREIGN AND COMMONWEALTH AFFAIRS.
MR. GIDDY WILL BE 49 IN SEPTEMBER. HE FIRST JOINED THE INLAND REVENUE DEPARTMENT IN FEBRUARY 1962 AS AN ASSESSOR, AND WAS PROMOTED TO SENIOR ASSESSOR IN APRIL 1963, CHIEF ASSESSOR IN NOVEMBER 1966, ASSISTANT COMMISSIONER OF INLAND REVENUE IN APRIL 1968, DEPUTY COMMISSIONER OF INLAND REVENUE IN MAY 1972 AND COMMISSİONER OF INLAND REVENUE IN JANUARY 1975.
MR. LADD, 51, WAS FIRST APPOINTED AS AN ASSESSOR IN AUGUST 1957. HE BECAME ASSISTANT COMMISSIONER OF INLAND REVENUE IN FEBRUARY 1971 AND WAS PROMOTED TO HIS PRESENT RANK OF DEPUTY COMMISSIONER IN JANUARY 1975.
HE HAS ACTED AS COMMISSIONER OF INLAND REVENUE ON MANY OCCASIONS.
GOVT ACCOUNTS FOR MAY 1979
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THE HONG KONG GOVERNMENT ACCOUNTS FOR MAY 1979 SHOW A SURPLUS OF $120.8 MILLION, COMPARED WITH A SURPLUS OF $182.0 MILLION IN MAY LAST YEAR.
THIS HAS RESULTED IN AN ACCUMULATED SURPLUS OF $390.3 MILLION FOR THE FIRST TWO MONTHS OF THIS FINANCIAL YEAR, COMPARED WITH A SURPLUS OF $448.2 MILLION FOR THE SAME PERIOD DURING THE FINANCIAL YEAR 1978-79.
TOTAL EXPENDITURE IN MAY 1979 AT $832.6 MILLION WAS $89.0 MILLION MORE THAN IN MAY 1978.
TOTAL REVENUE AND RECEIPTS AT $953.4 MILLION WERE $27.8 MILLION MORE THAN FOR THE SAME MONTH IN 1978.
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