16
WEDNESDAY, NOVEMBER 29, 1989
MANNER IN WHICH TO AFFORD
MR LI SAID THE BILL WAS THE BEST CERTAINTY TO BOTH BANKS, THEIR CUSTOMERS AND EMPLOYEES.
AND,
INDEED, IT WAS AND THE DAIWA BANK BILL
UNPRECEDENTED HE SAID THE BILL WAS NOT MODELLED ON THE DEUTSCHE BANK MERGER BILL WHICH HE INTRODUCED IN 1988.
BE SAVED BY THE
HE ASSURED MEMBERS THAT NO STAMP DUTY WOULD BILL AND THAT THE STAMP DUTY POSITION SHOULD BE PRECISELY THE SAME IF NO LEGISLATION HAD BEEN PASSED.
AS
DEBATE ON THE BILL WAS ADJOURNED.
COMMITTEE STAGE AMENDMENT TO BILL
SERVICE
(AMENDMENT) BILL
CLAUSE 12 OF THE CUSTOMS AND EXCISE 1989 WAS AMENDED BEFORE THE BILL WAS PASSED BY THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY 1.
MOVING THE AMENDMENTS IN THE COMMITTEE STAGE OF THE BILL'S PASSAGE, THE FINANCIAL SECRETARY, THE HON SIR PIERS JACOBS. SAID: "THE AMENDMENTS SEEK TO REMOVE ANY DOUBT THAT GOVERNMENT PROPERTY IS LIABLE TO THE PROVISIONS OF CLAUSE 12, AND TO CLARIFY THAT THE VALUE OF UNRETURNED OR DAMAGED GOVERNMENT PROPERTY SHALL BE A CIVIL DEBT."
THE CLAUSE CONCERNS THE RETURN OF GOVERNMENT PERSON WHO CEASES TO BE A MEMBER OF THE SERVICE.
RECOVERABLE AS
PROPERTY BY A
OVERSEAS OFFICES STRENGTHENED WHEN NECESSARY
WHERE DEVELOPMENT OR CHANGE IS WARRANTED, THE GOVERNMENT
OR EXPAND STRENGTHEN
WHATEVER STEPS ARE NECESSARY TO
TAKES
THE ROLE OF THE HON SIR
ITS OVERSEAS ECONOMIC OFFICES, THE FINANCIAL SECRETARY, PIERS JACOBS, SAID IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
BARROW, SIR PIERS OVERALL RESPONSIBILITY
REPLYING TO A QUESTION FROM THE HON MARTIN SAID THE SECRETARY FOR TRADE AND INDUSTRY HAD FOR THE OVERSEAS OFFICES AND REGULARLY REVIEWED THEIR WORK.
BCONOMIC AND TRADE
HE SAID.
"WE HAVE ESTABLISHED A NUMBER OF OVERSEAS OFFICES IN COUNTRIES WHICH ARE OUR MAJØB, TRADING PARTNERS,
"THEIR PRIMARY