27
WEDNESDAY, JANUARY 21, 1987
+THERE WILL BE SOME CASES, OF COURSE, WHERE THE INCREASES WILL BE HIGHER, HE SAID.
ON THE EFFECT OF THE ABOLITION, MR JACOBS SAID THE OVERWHELMING MAJORITY (OVER 94 PER CENT) OF PRIVÁTE DOMESTIC UNITS WOULD BE UNAFFECTED BY ABOLITION OF THE SCHEME.
+FOR THE 37 900 UNITS THAT ARE AFFECTED, THE AVERAGE ADDITIONAL MONTHLY RATES WILL BE ONLY $22.64.+
HE CONTINUED: THE ABOLITION OF THE RATES RELIEF SCHEME WILL HAVE SOME IMPACT ON PUBLIC HOUSING TENANTS, BUT THE BURDEN WILL NOT BE GREAT.
*THE ACTUAL AVERAGE MONTHLY INCREASE IN RATES RESULTING FROM THE PROPOSED ABOLITION OF THE SCHEME WILL BE ONLY $1.97 FOR HOUSING AUTHORITY TENANTS CURRENTLY OBTAINING RATES RELIEF, AND ANY SUCH INCREASES WILL ONLY BE REFLECTED IN THE BIENNIAL RENT REVIEWS MADE AFTER APRIL 1, 1987.+
IN THE MEANTIME, THE INCREASES WOULD BE ABSORBED BY THE HOUSING AUTHORITY, HE SAID.
DEBATE ON THE BILL WAS ADJOURNED.
FINANCIAL AUTONOMY FOR JUBILEE SPORTS CENTRE
*****
THE JUBILEE SPORTS CENTRE IN SHA TIN IS TO FUNCTION AUTONOMOUSLY UNDER A TRUST FUND SET UP WITH A $350 MILLION ENDOWMENT FROM THE ROYAL HONG KONG JOCKEY CLUB, THE HON HU FA-KUANG SAID IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
SPEAKING IN SUPPORT OF THE JUBILEE SPORTS CENTRE (AMENDMENT) BILL 1986 WHICH PROVIDES THE NECESSARY LEGAL FRAMEWORK FOR THE MOVE, MR HU SAID FINANCIAL AUTONOMY OF THE CENTRE WOULD ALLOW BETTER USE OF ITS FACILITIES AND RESOURCES AS WELL AS GREATER FREEDOM IN FUND-RAISING ACTIVITIES.
HE EXPLAINED THAT THE TRUST FUND WOULD BE VESTED IN A COMMITTEE OF TRUSTEES WHICH WOULD ENSURE THAT THE FUND WOULD LAST FOR 20 YEARS AND PROVIDE SUFFICIENT MONEY TO THE JUBILEE SPORTS CENTRE BOARD TO SUPPORT ITS PROGRAMME.
/+AS SUCH