WEDNESDAY, MAY 10, 1989
12
THE GOVERNMENT GENERAL REVENUE A MONETARY POLICY
HOWEVER, HE SAID IT WOULD BE INAPPROPRIATE FOR TO PUT THE PROCEEDS FROM THE ISSUE OF BILLS INTO THE
BORROWING WAS то PURSUE IF THE PURPOSE OF THE OBJECTIVE.
"THE PROCEEDS MUST BE FOR THE ACCOUNT OF THE EXCHANGE FUND MANAGED ALONG WITH OTHER ASSETS OF THE FUND," HE SAID.
AND
THE "IF WE WERE TO TAKE THE MONEY INTO
DEFICIT FINANCING GOVERNMENT MIGHT DRIFT INTO PURSUING MONETARY POLICY.
REVENUE, GENERAL
UNDER THE GUISE
THE
OF
AND USE OF THE
SECRETARY SHALL
BE
EXERCISED
EXCHANGE THAT IN
||
FURTHER
ΤΟ SUBJECT
THE
CLOSE
"AS TO ACCOUNTABILITY, THE CONTROL FUND IS GOVERNED BY THE EXCHANGE FUND ORDINANCE, WHICH SPECIFIES THE
FINANCIAL CONTROL OF THE CONSULTATION WITH AN EXCHANGE FUND ADVISORY COMMITTEE.
THE ACCOUNTS OF THE FUND WERE
SCRUTINY OF THE DIRECTOR OF AUDIT, HE ADDED.
MORE TIME
* PRESENTATION OF ESTIMATES: ON A SUGGESTION THAT SHOULD BE GIVEN FOR THE DRAFT ESTIMATES TO BE STUDIED, MR JACOBS SAID
TO ADVANCE IT WOULD BE DIFFICULT
THE PREPARATION OF THE VARIOUS
BUDGET DOCUMENTS.
THE APPROPRIATION "THE ACTUAL PASSAGE OF
BILL THROUGH THIS ΤΟ
BUT I COUNCIL ALREADY REQUIRES A 10-WEEK PERIOD
COMPLETE,
ESTIMATES PUBLISH THE DRAFT CERTAINLY CONSIDER WHETHER WE COULD LITTLE EARLIER OR EXTEND THE TIME ALLOTTED TO THE APPROPRIATION AND ALSO WHETHER ADDITIONAL INFORMATION CAN BE PROVIDED.
AND PRESENTATION OF THE "WE DO REVIEW THE FORMAT
BE KEPT IN EACH YEAR AND THE POINTS MADE WILL CERTAINLY SAID.
WILL A BILL,
ESTIMATES VIEW, HE
*
ON
WHICH
THE CONCERN OF A NUMBER OF OF VIETNAMESE BOAT PEOPLE, WAS NOW RUNNING AT ITS HONG KONG'S RESOURCES TO
CRISIS A
IN TERRITORY FACING
* VIETNAMESE BOAT PEOPLE: MEMBERS ABOUT THE PROBLEM OF THE INFLUX
INFLUX, RECENT MR JACOBS SAID THE HIGHEST LEVEL FOR 10 YEARS, HAD STRETCHED THE
LIMIT, AND HAD ACCOMMODATION AND MANPOWER.
LEFT
THE
HE SAID THIS WHOLE QUESTION WAS TO BE THE SUBJECT OF NEXT WEDNESDAY (MAY 17), WHEN THE ADMINISTRATION WOULD GIVE REPLY ON THE POINTS RAISED BY MEMBERS.
/13
A
A
DEBATE FULLER