9
FRIDAY, JUNE 17, 1988
QE FOUNDATION WILL ASSIST MENTALLY HANDICAPPED
WAS A BILL RSTABLISHMENT OF THE HANDICAPPED.
GAZETTED
QUEEN
TODAY (FRIDAY) TO PROVIDE FOR
FOUNDATION ELIZABETH
FOR THE
THE
MENTALLY
THE A GOVERNMENT SPOKESMAN SAID THAT THE PURPOSE OF SETTING UP
OF THE FOUNDATION WAS TO FURTHER THE WELFARE, EDUCATION AND TRAINING MENTALLY HANDICAPPED
KONG, AND PROMOTE THEIR EMPLOYMENT
PROSPECTS.
IN HONG
THE $30 MILLION COMMEMORATE THE 1986 ROYAL
"THE FOUNDATION WILL BE PARTLY FINANCED FROM NET PROFIT ON THE SALE OF GOLD COINS TO VISIT, THE SPOKESMAN SAID.
"OTHER SOURCES OF
FINANCE
WILL COMPRISE
A
CONTRIBUTION
OF FROM $30 MILLION FROM GENERAL REVENUE, A CONTRIBUTION OF $30 MILLION
MILLION BY THE THE ROYAL HONG KONG JOCKEY CLUB AND A DONATION OF $1
LEAST $91 MILLION FOR SHAW FOUNDATION HK LTD, MAKING A TOTAL OF AT THE FOUNDATION.
OF
WILL BE
"THE FOUNDATION WILL BE TREATED AS A CHARITABLE INSTITUTION
REVENUE ORDINANCE. IT A PUBLIC CHARACTER UNDER THE INLAND EXEMPT FROM TAX, AND DONATIONS TO IT ARE TAX DEDUCTIBLE."
FOR THE MENTALLY THE QUEEN ELIZABETH FOUNDATION BILL 1988 ALSO PROVIDES FOR THE APPOINTMENT OF A COUNCIL.
HANDICAPPED
ROYAL MEMBERS, ALL TO BE DISTRICT ADMINISTRATION
THIS WILL COMPRISE A CHAIRMAN, A MEMBER NOMINATED BY THE
CLUB,
ΤΟ FIVE
NINE OTHER HONG KONG JOCKEY APPOINTED BY THE GOVERNOR, THE SECRETARY FOR AND THE COMMISSIONER FOR REHABILITATION.
FOR THE MANAGEMENT OF "THE COUNCIL WILL BE RESPONSIBLE
THE POWER TO APPOINT FOUNDATION AND OF ITS ASSETS, AND WILL BE GIVEN THE ADVISORY COMMITTEES, PROFESSIONAL PEOPLE OR FINANCIAL INSTITUTIONS MANAGE AND ADMINISTER THE FOUNDATION'S ASSETS.
TO
THE "THE STATEMENT OF
ACCOUNTS OF THE FOUNDATION WILL BE THE DIRECTOR OF AUDIT. SUBMITTED BY THE CHAIRMAN OF THE COUNCIL TO
WILL BE LAID AND REPORT
TABLE OF ON THE ANNUAL LEGISLATIVE COUNCIL ON OR BEFORE DECEMBER 31.
ACCOUNTS
THE
"THE
PROPOSED
ESTABLISHMENT
OF
THE
HAS
BEEN
FOUNDATION CO-ORDINATING COMMITTEE, ENDORSED BY THE REHABILITATION DEVELOPMENT
AND INDIVIDUAL GROUPS WHILE THE HONG KONG COUNCIL OF SOCIAL SERVICE
ENTHUSIASM OF PARENTS OF MENTALLY HANDICAPPED CHILDREN HAVE EXPRESSED FOR THE PROPOSAL, THE SPOKESMAN SAID.
/THE BILL
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