WEDNESDAY, MAY 25, 1988
THE
MEASURES
THE
PREVENTIVE
ALREADY TAKEN HAD MET WITH MOST ENCOURAGING SUCCESS AND ALL THE AVAILABLE EVIDENCE SUGGESTED THAT INCIDENCE WAS LIKELY TO CONTINUE TO FALL.
TO "EVEN WITH THE REDUCTION IN LEVY WE ARE LIKELY FUNDS FOR ANY WORTHWHILE PREVENTIVE MEASURES WE CAN DEVISE,
HAVE AMPLE " HE SAID.
I
"HOWEVER, IF OUR FORECASTS DO TURN OUT TO BE TOO OPTIMISTIC, DO NOT MYSELF SEE ANY PROBLEM IN REVIEWING THE LEVY AND, IF NECESSARY, INCREASING IT LATER.
PAY
THAT "THE FACT THAT WE HAVE BEEN ABLE TO SHOW
LEVIES CAN GO ACTUALLY MAKES EMPLOYERS MORE WILLING TO DOWN AS WELL AS UP RATHER THAN LESS.
"I
LARGELY "THIS IS BECAUSE EMPLOYER RESISTANCE TO LEVIES IS
LEVIES THE FEAR THAT TO FEARS OF THE SO CALLED 'RATCHET EFFECT, ONLY GO UP, NEVER DOWN.
DUE
CAN
ARE GENUINELY REDUCED EMPLOYER
THE
"BY SHOWING THAT THE BOARD AND
GOVERNMENT NEUTRAL AND OBJECTIVE ON THIS ISSUE WE HAVE GREATLY RESISTANCE TO THE SCHEME."
MR
BRIDGE SAID
AND
THE
HAD ITSELF
SUPPORTIVE EXPENDITURE FROM THE FUND ON PREVENTIVE MEASURES.
CONSTRUCTION TAKEN THE
WAS INDUSTRY
IN INITIATIVE
NOW VERY RECOMMENDING
THIS POSITIVE ATTITUDE ON THE PART OF ENCOURAGING.
THE INDUSTRY WAS
VERY
CUT IN LEVY FOR PNEUMOCONIOSIS FUND OPPOSED
FINANCES THE YIU-CHUNG
A RESOLUTION TO REDUCE THE RATE OF THE LEVY THAT PNEUMOCONIOSIS COMPENSATION FUND WAS OPPOSED BY THE HON TAM IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
GOVERNMENT FOR
LOWERING
MR TAM SAID THE REASONS GIVEN BY THE THE RATE OF LEVY FROM 0.05 PER CENT TO 0.02 PER CENT WERE UNSOUND.
A
TOO VAST
WHILE STABLE
THE GOVERNMENT HAD SAID THERE WAS NO NEED TO HAVE
THE FUND BECAUSE FUND RESERVE IN
INCOME HAD BEEN COMPENSATION PAYMENTS FROM IT HAD NOT SHOWN ANY SIGNIFICANT INCREASE.
/BUT THE