WEDNESDAY, JULY 5, 1989

32

FULL COST RECOVERY INTENDED

FOR

RECOVERY

OF

THE REGISTRAR UNDER

THE COMPANIES (AMENDMENT) BILL 1989 PROVIDES

COMPANIES REGISTRY OF THE FULL COST INCURRED BY THE GENERAL'S DEPARTMENT IN CARRYING OUT STATUTORY RESPONSIBILITIES THE COMPANIES ORDINANCE.

THE ACTING FINANCIAL SECRETARY, THE

THIS IN THE LEGISLATIVE COUNCIL SECOND READING OF THE BILL.

TODAY

DAVID HON (WEDNESDAY)

NENDICK, WHEN MOVING THE

SAID

THE BILL SOUGHT THE COMPANIES REGISTRY

то

AND

ΤΟ

RECOVERY, COST

IN ORDER TO EFFECT FULL INCREASE EXISTING FEES COLLECTED BY INTRODUCE NEW FEES.

THE OPPORTUNITY WAS ALSO TAKEN TO STREAMLINE FOR SETTING FEES RELATING TO COMPANY MATTERS, HE SAID.

THE ARRANGEMENTS

"ONE OF THE ARRANGEMENTS IS TO PERMIT FEE SETTING BY

BUT ON A COSTING APPROACH. FEES WILL STILL BE COST-RELATED BASIS, HE SAID.

+

A OLOBAL BROADER

EXERCISE FOR EACH INDIVIDUAL "INSTEAD OF A SEPARATE COSTING

CHARGED SERVICES PRACTICAL

ECONOMICAL, NOR FEE, WHICH IS BY THE COMPANIES REGISTRY WILL BE GROUPED INTO ONE COST CENTRE.

NEITHER

"THE AGGREGATE VALUE OF THESE THE TOTAL COST OF THIS COST CENTRE.

BILL

FEES

WILL APPROXIMATELY

DEBATE ON THE BILL WAS ADJOURNED.

COVER

NEW ROLE FOR GENERAL MANAGER OF HKEIC PLANNED

**

A BILL PROVIDING FOR THE INDUSTRIAL ESTATES CORPORATION

EXECUTIVE

WAS INTRODUCED

(WEDNESDAY),

IN ADDITION,

THE

GENERAL

MANAGER

THE TO BECOME INTO THE LEGISLATIVE

OF THE

KONG CHIEF CORPORATION'S

COUNCIL TODAY

HONG

HONG

INDUSTRIAL KONG

ESTATES

TO SERVE ON

CORPORATION WHO HAS THE

(AMENDMENT) BILL 1989 PROVIDES FOR THE DIRECTOR OF INDUSTRY, SERVED AS CHIEF EXECUTIVE SINCE 1985, TO CORPORATION'S BOARD.

CONTINUE

BILL, THE ACTING FINANCIAL CORPORATION WAS

MOVING THE SECOND READING OF THE SECRETARY, THE HON DAVID NENDICK, EXPLAINED THAT THE ESTABLISHED BY STATUTE IN 1977, WITH THE ORDINANCE PROVIDING APPOINTMENT OF A CHAIRMAN, A CHIEF EXECUTIVE AND SEVEN MEMBERS TO BOARD.

FOR THE THE

/NOT MORE .***

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