WEDNESDAY, JANUARY 13, 1988
HUI REITERATES 10 PER CENT CUT FOR LOTTERIES FUND
YIN-FAT TODAY (WEDNESDAY) LEGISLATIVE COUNCILLOR THE HON HUT
CENT THE REITERATED HIS CALL ON THE GOVERNMENT TO INCREASE TO 10 PER
PROCEEDS OF THE MARK SIX LOTTERIES FUND ALLOCATION FROM THE TOTAL LOTTERIES.
SUPPORTING
THE
BETTING
DUTY (AMENDMENT)
BILL
1987,
WHICH
THE
HUI
SERVES TO GUARANTEE A MORE STABLE INCOME FOR THE LOTTERIES FUND ONLY MAJOR FUNDING SOURCE FOR CAPITAL SOCIAL WELFARE PROJECTS, MR
EARMARKED FOR CAPITAL SAID FIVE PER CENT OF THE ALLOCATION COULD BE
ASIDE AS A REVOLVING FUND GRANTS AND THE OTHER FIVE COULD BE PUT DESIGNATED FOR UPGRADING THE QUALITY OF WELFARE SERVICES.
MR HUI NOTED
PROCEEDS FROM THE
THAT LOTTERIES
SINCE
HAD
60
OF THE PRIZE
TOTAL MONEY,
CENT PER
FOR ALLOCATED
PER CENT, WHILE ANOTHER
1975, BEEN
59 то ALBEIT A DOWNWARD REVISION IN 1985 LARGESSE WAS TAKEN UP BY BETTING DUTY, WHICH HAD CENT IN 1975 TO 30 PER CENT IN 1985.
RISEN 'FROM 25 PER
ADMINISTRATIVE COSTS COMBINING BETTING PAID TO THE ROYAL OF THE LOTTERIES ΤΟ THE LOTTERIES
"OF THE REMAINING 11 PER CENT, OPERATING COSTS FOR LOTTERIES AND HORSE HONG KONG JOCKEY CLUB IS NOW FIXED AT 7.5 PER CENT PROCEEDS, LEAVING A SMALL FRACTION OF 3.5 PER CENT FUND.
"INDEED,
IN SHARE FOR WHAT SEEMS TO BE A CONSIDERABLE INCREASE
IS BUT A THE FUND, ESTIMATED AT AN ADDITIONAL $27 MILLION FOR 86/87,
CONSUMED GENEROUSLY BY TINY CRUMB LEFT OVER FROM THE LOTTERIES CAKE THE OTHER PARTIES. MR HU SAID.
"
GIVEN ΤΟ THE
DRAWING MEMBERS' ATTENTION TO THE CAPITAL GRANT
MR HALLI POINTED OUT THAT CONSTRUCTION OF THE JUBILEE SPORTS CENTRE,
PROCEEDS FROM FUND, WHICH AVERAGED CAPITAL
THE $150 MILLION WAS THREE TIMES THE AMOUNT OF THE NET THE LOTTERIES PAID ANNUALLY INTO THE LOTTER|ES LESS THAN $50 MILLION AND COVERED MORE THAN 80 SOCIAL WELFARE PROJECTS.
THE SAME KIND OF SOCIAL.
ARE OF OUR
SERVICES
"OBVIOUSLY, SOCIAL WELFARE HAS BEEN DENIED
BOTH ALTHOUGH MAGNAN [MITY SHOWN TO RECREATION,
WELL-BEING SOCIAL DESIGNED TO PROMOTE HUMAN DEVELOPMENT AND SOCIETY, MR HUT SAID.
*
WITHI THE IN BETTING HAD RESULTED
UNFAIR DISTRIBUTION DUTIES,
IN
A
EXPRESSING DESSATISFACTION FUNDS, MR HUI SAID THE INCREASE NECESSARY FOR FISCAL REASONS, SHARE FOR THE LOTTERIES FUND FROM 5.75 PER CENT IN CENT IN 1985.
OF
BE
TO CLAIMED
IN REDUCTION
THE 1983 TO 1. .5 PER
BY RECOMMENDED
THE BILL. COSTS, COULD BE COST
ACCORDING TO MRZ HET ADJUSTMENTS
I
OF ADMINISTRATIVE REDUCTION AIMED BASICALLY AT A FURTHER TRIMMED DOWN SIMPLY BY ELICITING THE LOTTERIES OPERATING FROM THE JOCKEY CLUB'S COMPUTERISED FACILITIES.
NOT
HE URGED, THEREFORE, THAT
OR
PER
THE 10
THE
CONSIDER SERIOUSLY GOVERNMENT
WAS A LEGITIMATE, CENT ALLOCATION WHETHER
THE NAME OF THE REASONABLE CLAIM ON THE MARK SIX LOTTERIES HELD IN LOTTER LES FUND.
/5