18
WEDNESDAY, APRIL 27, 1988
MR BARNES SAID THAT CONCRETE DETERIORATION OF BUILDINGS IN THE SIXTIES PERIOD USUALLY OCCURRED FIRST IN
IN KITCHEN AREAS, THEN IN IXTERNAL STAIRCASES AND IN THE BUILDING FACADE. DETERIORATION OF THE CONCRETE STRUCTURE OCCURRED AT A MUCH LATER STAGE.
"WHERE A BUILDING HAS BEEN IDENTIFIED A9 SHOWING SIGNS OF STRUCTURAL DETERIORATION, THE BUILDINGS ORDINANCE OFFICE SERVES AN ORDER ON THE OWNERS TO APPOINT A QUALIFIED PERSON TO INVESTIGATE THE EXTENT OF THE PROBLEM AND FOR APPROPRIATE REMEDIAL WORKS то BR CARRIED OUT.
"IF THE OWNERS DO NOT COMPLY WITH THE ORDER, THE BUILDINGS ORDINANCE OFFICE CARRY OUT THE INVESTIGATION AND WORKS THEMSELVES RECOVER THE COSTS FROM THE OWNERS.
"ACTION IS USUALLY ONLY INITIATED FOLLOWING IT IS INTENDED ΤΟ STRENGTHEN THE ESTABLISHMENT ORDINANCE OFFICE DURING THE FINANCIAL YEAR 1989-90,'
AND
A COMPLAINT, BUT OF THE BUILDINGS
MR BARNES SAID.
THE OFFICE COULD THEN SURVEY BUILDINGS SYSTEMATICALLY, AND IDENTIFY POTENTIAL PROBLEMS AT AN EARLY STAGE WHEN REPAIRS COULD BR DONE MORE EASILY AND LESS EXPENSIVELY, THEREBY AVOIDING THE POSSIBLE CLOSURE AND DEMOLITION AT A LATER STAGE, HE ADDED.
NEED FOR
USE OF EXCHANGE FUND IN PUBLIC'S BEST INTERESTS
THE PRACTICE OF DEPOSITING THE MAJORITY OF THE ACCUMULATED FISCAL RESERVES WITH THE EXCHANGE FUND IS IN THE BEST THE PUBLIC, THE FINANCIAL SECRETARY, THE HON THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
PIERS JACOBS,
INTERESTS OF SAID IN
JACOBS THE
REPLYING TO A QUESTION BY THE HON THOMAS CLYDESDALE, MR SAID IT WAS TRUE THAT THE GOVERNMENT DID NOT ACCOUNT PUBLICLY FOR INVESTMENT AND MANAGEMENT OF THE ASSETS AND LIABILITIES EXCHANGE FUND.
OF THE
THE
FISCAL
"BUT THIS DOES NOT MEAN THAT THERE IS NO ACCOUNTING ΤΟ PUBLIC FOR THE INVESTMENT AND MANAGEMENT OF THE ACCUMULATED RESERVES,
"
HE SAID.
MR JACOBS EXPLAINED THAT FISCAL RESERVES WERE TRANSFERRED ΤΟ THE EXCHANGE FUND AGAINST THE ISSUE OF DEBT CERTIFICATES.
"THESE DEBT
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