FRIDAY, JULY 27, 1990

FURTHERMORE, THE DESIGNATED PERSON IS ALSO REQUIRED TO INFORMATION ABOUT THE SCHEME TO THE CONSULTATIVE COMMITTEE SCHEME MEMBERS UPON REQUEST.

THE BILL ALSO PROVIDES THAT THE TRUSTEES OR THE PERSON OF A SCHEME SHOULD PROVIDE TO EVERY SCHEME MEMBER STATEMENT REGARDING THEIR ACCRUED BENEFITS.

FURNISH

OR

TO

AN

DESIGNATED ANNUAL

OTHER REQUIREMENTS SET OUT IN THE BILL INCLUDE THE RESTRICTION OF THE EMPLOYER OR HIS ASSOCIATE FROM ACTING AS THE SOLE TRUSTEE OF A SCHEME AS

WELL AS CERTAIN RESTRICTION ON THE INVESTMENT OF ASSETS (I.E. UP TO 10 PER CENT IN THE EMPLOYER OR HIS BUSINESS AND A PROHIBITION OF LOANS TO THE EMPLOYER).

SCHEME ASSOCIATES'

THE CONSULTATION EXERCISE WILL INCLUDE THE SEEKING OF FROM CERTAIN PROFESSIONAL, TRADE AND ADVISORY BODIES.

"COMMENTS RECEIVED WILL BE CAREFULLY CONSIDERED GOVERNMENT PREPARES A BILL FOR INTRODUCTION INTO THE COUNCIL LATER THIS YEAR, MR NENDICK SAID.

COMMENTS

WHEN THE LEGISLATIVE

0

IMPLEMENTATION PLAN FOR TERTIARY EDUCATION EXPANSION APPROVED

THE EXECUTIVE COUNCIL HAS APPROVED A

UNIVERSITY IMPLEMENTATION EDUCATION.

AND

POLYTECHNIC

PROGRAMME

GRANTS COMMITTEE FOR THE FURTHER EXPANSION

RECOMMENDATION

(UPGC) ON THE OF TERTIARY

BY

THE

NUMBERS, RECOMMENDATION

ADDITIONAL

ANNOUNCING DETAILS OF THE DISTRIBUTION OF

A GOVERNMENT

STUDENT SPOKESMAN SAID TODAY (FRIDAY) THAT WOULD PUT IN PLACE THE GOVERNMENT'S PLAN

UPGC'S THE PERCENTAGE OF YOUNG PEOPLE IN THE RELEVANT AGE GROUP TAKING

ΤΟ INCREASE DEGREES FOR THE ACADEMIC YEAR 1994-95 FROM THE ORIGINAL TARGET OF 12.9 FIRST PER CENT TO NO LESS THAN 18 PER CENT.

IN ACTUAL NUMBERS, THIS WOULD MEAN BOOSTING THE NUMBER OF FIRST YEAR FIRST DEGREE PLACES FROM 10,510 TO APPROXIMATELY 15,000 PLACES.

"PART OF THE RECOMMENDATION IS TO EQUIVALENT (FTE) STUDENT PLACES AT THE UNIVERSITY OF HONG KONG AND THE EXPAND THE FULL-TIME CHINESE UNIVERSITY OF HONG KONG TO 11,500 EACH, RESULTING IN A PROVISION OF 6,240 FIRST YEAR FIRST DEGREE PLACES.

TOTAL

FOR THE REAFFIRMED,

"THE PREVIOUSLY APPROVED TARGET OF 5,070 FTE PLACES HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY HAS LEADING

BEEN TO

PROVISION OF 1,990 FIRST YEAR FIRST DEGREE SPOKESMAN SAID.

PLACES, THE

/FOR THE

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