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17
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WEDNESDAY, JULY 18, 1990
FOLLOWING EXTENSIVE CONSULTATION WITH
ON TRAVEL AGENTS, REPRESENTATIVES HONG KONG ASSOCIATION OF BANKS, DIFFICULTIES WERE IDENTIFIED.
THE
ADVISORY COMMITTEE TRAVEL INDUSTRY AND THE OPERATIONAL AND PRACTICAL
OF THE MAJOR
AGENTS, THEIR WITH WHICH THE
"THESE INCLUDED THE NEED TO DETERMINE AND PRESCRIBE IN DETAIL THE LEGAL AND CONTRACTUAL RELATIONSHIPS BETWEEN TRAVEL CLIENTS, THE 'CUSTODIANS' OF THE MONEY AND THE BANKS ACCOUNTS ARE OPENED," SIR PIERS SAID.
INSURMOUNTABLE, THEY WERE MUCH TIME TO
NOT "ALTHOUGH THESE PROBLEMS WERE NEVERTHELESS COMPLEX IN NATURE AND WOULD HAVE REQUIRED RESOLVE, HE ADDED.
"
"IN THE END, THE PRESENT SCHEME OF SELF-REGULATION WHICH INCLUDES, INTER PROVISION OF
ASSURANCE FOR SOME
OUTBOUND TRAVELLERS TRAVEL INDUSTRY COUNCIL RESERVE FUND," SIR PIERS SAID.
ADMINISTRATION
DECIDED
IN
FAVOUR
OF
THE
ALIA, THROUGH
THE
THE
י
SELF-REGULATION FOR TRAVEL INDUSTRY TO BE REVIEWED
* * * * *
THE
TO EXAMINE
ENTIRE THE GOVERNMENT IS CONDUCTING A REVIEW
INDUSTRY, DR THE PACKAGE OF SELF-REGULATION FOR THE OUTBOUND TRAVEL HON HENRIETTA IP SAID TODAY (WEDNESDAY) IN THE LEGISLATIVE COUNCIL.
AGENTS'
DR IP SAID THERE WERE ARRAS IN
TABLING THE REPORT ON THE ADMINISTRATION OF THE TRAVEL RESERVE FUND FOR THE FISCAL YEAR STARTING APRIL 1, 1988, IN TERMS OF COST-EFFECTIVENESS AND EFFICIENCY, THE PRESENT SYSTEM THAT COULD BE REFINED.
THE AS CHAIRMAN OF THE ADVISORY COMMITTEE ON TRAVEL AGENTS AND
IP POINTED OUT THAT THE TRAVEL INDUSTRY COUNCIL RESERVE FUND, DR
WAS TO ULTIMATE OBJECTIVE OF SELF-REGULATION FOR THE TRAVEL INDUSTRY
BENEFIT OF TRAVELLERS CREATE A SOUND FRAMEWORK OF OPERATION FOR THE AND OPERATORS ALIKE.
COUNCIL INDUSTRY TRAVEL "ALTHOUGH BOTH THE
EXPERIENCE INDUSTRY COUNCIL RESERVE FUND HAVE GAINED
BEING RESERVES ARE IN THEIR RESPECTIVE ROLES HEALTHY RATE, THERE IS NOT YET ROOM FOR COMPLACENCY.
AND
AND THE TRAVEL AND CONFIDENCE BUILT UP AT
A
PAYMENT FOR THE
RATE OF EX-GRATIA "FOR INSTANCE, COULD THE EXISTING
ADMINISTRATION BE
COULD IMPROVED? CENT PEGGED AT 70 PER RESERVE FUND BE FURTHER STREAMLINED? SHOULD THE ONE PER CENT LEVY PACKAGE TOURS BE LOWERED?
ON
/"ALL THESE