WEDNESDAY, APRIL 4, 1990
23
CORPORATION
THE
"I AM GLAD TO SAY THAT THE RATINGS AWARDED TO THE BY THE PRINCIPAL INTERNATIONAL RATING AGENCIES REMAIN IN INVESTMENT-GRADE FOR LONGER TERM OBLIGATIONS, AND IN ONE OF THE HIGHEST CATEGORIES FOR SHORT TERM INSTRUMENTS.
"I AM HAPPY TO ADD THAT THE CORPORATION, WHICH IS AN ACTIVE AND INNOVATIVE BORROWER, CAME THIRD IN A RECENT POLL ON THE MOST PROFESSIONAL USERS OF WORLD CAPITAL MARKETS, HE SAID.
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THE ACTING FINANCIAL SECRETARY WAS SATISFIED THAT THE CORPORATION'S CAPITAL STRUCTURE WAS SOUND, THAT COSTS WERE CONTAINED AND THAT ITS REVENUE GROWTH WAS SUFFICIENT TO MEET ITS OBLIGATIONS.
CONSEQUENT UPON THE DECISION TO BUILD A NEW AIRPORT AT CHEK LAP KOK, MR NENDICK POINTED OUT THAT THE CORPORATION HAD BEEN INVITED TO GIVE ACTIVE ASSISTANCE TO A GOVERNMENT APPOINTED CONSULTANCY STUDY ON THE
OF CONSTRUCTING, FINANCING
FEASIBILITY
AIRPORT RAILWAY.
וי
AND OPERATING
AN
THAT THE
I AM IN AGREEMENT WITH THE BOARD OF THE CORPORATION NEW RAILWAY PROJECT MUST BE CAREFULLY PLANNED TO ENSURE THAT THE CORPORATION'S REPUTATION IS MAINTAINED," HE ADDED.
WELL
MR NENDICK ALSO PAID TRIBUTE TO THE CHAIRMAN AND THE BOARD, AS AS THE MANAGEMENT AND STAFF OF THE MASS TRANSIT RAILWAY CORPORATION FOR THE VERY RESPONSIBLE AND EFFICIENT WAY IN WHICH THEY HAD MANAGED THE CORPORATION DURING THE PAST YEAR.
GOVERNMENT SUPPORTS PRINCIPLES PROPOSED FOR HOSPITAL AUTHORITY
THE GOVERNMENT SUPPORTS THE BROAD PRINCIPLES PROPOSED FOR THE HOSPITAL AUTHORITY PARTICULARLY THE DEVOLUTION OF AUTHORITY FROM THE CENTRAL TO THE OPERATIONAL LEVELS AND THE INTRODUCTION OF EFFECTIVE MANAGEMENT STRUCTURES WHICH SHOULD HELP TO PRODUCE A MORE EFFICIENT HOSPITAL SYSTEM.
THE SECRETARY FOR HEALTH AND WELFARE, THE HON ELIZABETH WONG, SAID THIS WHEN TABLING THE REPORT OF THE PROVISIONAL HOSPITAL AUTHORITY (PHA) WHICH SHE COMMENDED TO THE LEGISLATIVE COUNCIL TODAY
(WEDNESDAY).
"HOWEVER, THE INTRODUCTION OF A NEW MANAGEMENT CULTURE, NO MATTER HOW OBVIOUS THE BENEFIT, WOULD REQUIRE FULL UNDERSTANDING AND ACCEPTANCE OF THE ROLES AND RESPONSIBILITIES OF ALL CONCERNED SO AS TO DEVELOP AN ESPRIT DE CORPS, MRS WONG SAID.
77
SHE POINTED OUT THAT THE DEVELOPMENT OF MUTUAL TRUST AND RESPECT AND THE COMPLEMENTARY, RATHER THAN CONFLICTING, ROLE OF ALL. RANKS WOULD HELP TO ATTAIN THE OBJECTIVES OF THE FUTURE HOSPITAL AUTHORITY.
/"I RECOGNISE