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WEDNESDAY, MAY 24. 1989
GOVT CONVEYANCING SERVICE FOR PSPS TRANSACTIONS NOT APPROPRIATE
IT IS NOT APPROPRIATE FOR THE GOVERNMENT CONVEYANCING SERVICE то PURCHASERS IN THE PARTICIPATION SCHEME AS THE TRANSACTIONS ARE PRIVATE.
ΤΟ PROVIDE A PRIVATE SECTOR
THE ACTING SECRETARY FOR LANDS AND WORKS, THE HON KENNETH KWOK, TOLD THE LEGISLATIVE COUNCIL THIS TODAY (WEDNESDAY IN REPLYING ΤΟ A QUESTION FROM THE HON LEUNG WAI-TUNG.
MR KWOK SAID ALTHOUGH THE DEVELOPER WAS OBLIGED TO ACCEPT THE PURCHASERS NOMINATED BY THE HOUSING AUTHORITY, THE CONVEYANCING OF THE FLATS TO INDIVIDUAL PURCHASERS WAS A PRIVATE TRANSACTION.
SOLICITORS IN PRIVATE PRACTICE WERE THEREFORE EMPLOYED BY THE DEVELOPER FOR THE CONVEYANCING WORK.
HOWEVER, IN THE CASE OF THE HOME OWNERSHIP SCHEME. THE FLATS WERE SOLD BY THE HOUSING AUTHORITY.
"TO THIS END, THE HENCE CONVEYANCING LAWYERS," HE SAID.
WORK
TRANSACTION IS A GOVERNMENT IS DONE 'IN HOUSE' BY THE
TRANSACTION + GOVERNMENT'S
NO MAJOR REVIEW ON TEXTILE QUOTA ALLOCATION
THERE ARE NO PLANS FOR ANY MAJOR REVIEW OF THE PRESENT ARRANGEMENT FOR ALLOCATION OF TEXTILE QUOTAS, THE ACTING FINANCIAL SECRETARY, THE HON DAVID NENDICK, SAID TODAY (WEDNESDAY).
IN REPLY TO A QUESTION FROM THE HON KINGSLEY SIT IN THE LEGISLATIVE COUNCIL, MR NENDICK SAID THE GOVERNMENT WAS PLEASED ΤΟ SEE THAT THE FLEXIBILITY BUILT INTO THE PRESENT SYSTEM HAD GENERALLY RESULTED IN HIGH LEVELS OF QUOTA UTILISATION.
MR NENDICK EXPLAINED THAT UNDER THE TEXTILES EXPORT CONTROL SYSTEM, ALLOCATION OF QUOTA WAS BASED ON PAST PERFORMANCE.
PROVISION WAS ALSO MADE TO ALLOW NEWCOMERS AND OTHER COMPANIES WITH NO QUOTAS OR INSUFFICIENT QUOTAS TO OBTAIN THEM.
"TRANSFER OF TEXTILE
QUOTAS, ON EITHER A PERMANENT OR A TEMPORARY BASIS, IS PERMITTED, SUBJECT TO CERTAIN CONDITIONS.
"ONE OF THESE CONDITIONS IS THAT ANY TEMPORARY TRANSFER OR QUOTAS EXCEEDING 50 PER CENT WILL TRIGGER A DEDUCTION IN QUOTA ALLOCATION IN THE FOLLOWING YEAR,
THE CALCULATION