FRIDAY, MAY 5, 1989
8
AFTER THE PAY TREND INDICATORS ARE DISCOUNTED BY THE PAYROLL COST OF CIVIL SERVICE INCREMENTS, THE FOLLOWING RESULTANT INDICATORS SHOULD BE USED IN CONSIDERING THE 1989 CIVIL SERVICE PAY ADJUSTMENT:
14.66 PER CENT FOR THE LOWER BAND
14.81 PER CENT FOR THE MIDDLE BAND
13.43 PER CENT FOR THE UPPER BAND.
THE SPOKESMAN NOTED THAT THE RESULTANT INDICATOR FOR LOWER BAND, AT 14.66 PER CENT, WAS BELOW THAT FOR THE MIDDLE BAND, 14.81 PER CENT.
THE
AT
"IN ACCORDANCE WITH ANOTHER RECOMMENDATION MADE BY THE COMMITTEE OF INQUIRY, WHICH THE GOVERNMENT HAS ACCEPTED, THE RESULTANT INDICATOR FOR THE LOWER BAND WILL BE BROUGHT UP TO THE SAME LEVEL AS THE MIDDLE BAND, I.E. 14.81 PER CENT, FOR THE PURPOSE OF CONSIDERING THE 1989 CIVIL SERVICE PAY ADJUSTMENT, UNLESS THERE ARE OVERRIDING REASONS FOR NOT DOING SO," HE SAID.
FS VISITS SECURITIES AND FUTURES COMMISSION
THE
A VERY GOOD START HAS BEEN MADE FOLLOWING THE SETTING UP OF NEW SECURITIES AND FUTURES COMMISSION (SFC). THE FINANCIAL SECRETARY, MR PIERS JACOBS, SAID TODAY (FRIDAY).
SPEAKING TO REPORTERS AFTER VISITING FOR THE FIRST PREMISES OF THE NEW SFC, MR JACOBS SAID HE WAS ANXIOUS ΤΟ SHORTLY AFTER THE NEW COMMISSION CAME INTO OPERATION.
TIME THE
VISIT IT
WHEN ASKED WHAT HIS IMPRESSION WAS OF THE NEW COMMISSION COMPARED WITH THE OLD SECURITIES COMMISSION, MR JACOBS GOVERNMENT HAD PUT A LOT OF WORK INTO SETTING UP WHAT HAD BEEN DONE WAS VERY IMPRESSIVE.
SAID THE
THIS NEW
BODY AND
"BUT I THINK IT IS WORTH REMEMBERING THAT WHAT COMMISSION ALSO ACHIEVED WAS VERY IMPRESSIVE.
THE OLD
HAVE
"MY MEMORY GOES BACK A LONG WAY TO THE TIMES WHEN WE DID NOT ANY COMMISSION AT ALL AND THE OLD COMMISSION AND THE COMMISSIONER'S OFFICE ACTUALLY ACHIEVED A GREAT DEAL.
"THIS NEW COMMISSION IS THE NEXT STEP FORWARD, H HE SAID.
MR JACOBS SAID HE WAS DELIGHTED TO SEE THE CHAIRMAN OF THE COMMISSION, MR ROBERT OWEN, AND HIS TEAM SO WELL SET IN.
NEW
/HE SAID