13
WEDNESDAY, JUNE 8, 1988
BESIDES, ABUSES BY OVERSEAS AUTHORITIES
OF INFORMATION
GIVEN
DISCLOSE INFORMATION
PRESENT
SECRECY
BEFORE
TO THEM COULD BE PREVENTED AS THE DISCRETION TO STILL LAY WITH THE LOCAL AUTHORITY WHICH, ACCORDING TO THE BILL, WOULD HAVE TO BE SATISFIED THAT THERE WERE ADEQUATE PROVISIONS IN THE JURISDICTION OF THESE OVERSEAS AUTHORITIES RELEASING THE INFORMATION IN QUESTION.
SERIES
PRUDENTIAL
MISS TAM ADDED THAT THE TWO BILLS WERE BUT TWO OUT OF A OF ITEMS OF LEGISLATION INTRODUCED TO IMPROVE HONG CONTROL.
KONG'S
PUBLICATION OF
THE LEGCO AD HOC GROUP WAS FULLY AWARE of THE THE SECURITIES REVIEW, COMMITTEE REPORT, AND THE GROUP FULLY THE GOVERNMENT'S EFFORTS TO EXAMINE THE SHORTCOMINGS OPERATION OF THE SECURITIES INDUSTRY SO AS TO BRING IN THE REFORMS, SHE SAID.
SUPPORTED IN THE NECESSARY
PURPOSE OF AUDIT AMENDMENT BILL EXPLAINED
THE AUDIT (AMENDMENT) BILL 1988 WAS GIVEN A SECOND THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
READING IN
MOVING THE SECOND READING, THE ACTING FINANCIAL SECRETARY, HON DAVID NENDICK, SAID THE PURPOSE OF THE BILL DIRECTOR OF ACCOUNTING SERVICES TO TRANSMIT ACCOUNT STATEMENTS TO WAS ΤΟ REQUIRE DIRECTOR OF AUDIT FOR FUNDS
OTHER ESTABLISHED UNDER SECTION 29 OF THE PUBLIC FINANCE ORDINANCE.
THAN THE LOTTERIES FUND
-
THE
THE
THE
THE BILL ALSO REQUIRED THE DIRECTOR OF ACCOUNTS OF THESE FUNDS.
AUDIT TO CERTIFY THE
"THIS WILL IMPROVE THE PROCEDURE
THESE ACCOUNTS EXPLAINED.
INTO
LINE
WITH
AND BRING
HANDLING OF THE NORMAL PRACTICE, MR NENDICK
THE
it
THE FUNDS ESTABLISHED UNDER SECTION 29 OF ORDINANCE ARE THE DEVELOPMENT LOAN FUND, THE LOTTERIES FUND, THE
THE PUBLIC FINANCE OWNERSHIP FUND, THE STUDENT LOAN FUND, THE MASS TRANSIT FUND
HOME CAPITAL WORKS RESERVE FUND.
AND THE
DEBATE ON THE BILL WAS ADJOURNED.
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