WEDNESDAY, FEBRUARY 27, 1991

(E)

THAT THE VERY POOR SHOULD

BE

AS ASSISTED

A MATTER OF

CHARITY; AND

ΤΟ ENABLE ALL

(F)

FINALLY, SUFFICIENT FUNDS MUST BE SECURED THESE CONSIDERATIONS TO BE PUT INTO PRACTICE."

AND THEIR 180 BEDSPACE

ON THE TERRITORY-WIDE SURVEY ON BEDSPACE APARTMENTS

THAT THERE WERE LODGERS CONDUCTED BY CNTA, IT SHOWED APARTMENTS IN HONG KONG, WITH A TOTAL OF 5,651 BEDSPACES.

THE ACTUAL POPULATION OF LODGERS WAS ABOUT CENT OF THEM HAD BEEN INDIVIDUALLY INTERVIEWED.

AND 4.000

67 PER

TSAO SAID ALL OF PUBLIC

MR LODGERS,

RECEIVING

AND EARNING

AS REGARDS THE SOCIAL PROFILES OF THE THEIR AVERAGE AGE WAS 55, JUST UNDER HALF HAD FAMILY TIES BUT

35 PER CENT WERE MEN; LIVED AS SINGLE THEM

THEM

WORKING WERE ASSISTANCE WHILE 62 PER CENT OF AVERAGE INCOME OF ABOUT $2,440 A MONTH.

PER 52

"FOURTEEN PER CENT OF THE LODGERS INTERVIEWED HAVE BEEN IN BEDSPACE APARTMENTS FOR MORE THAN 20 YEARS WHILE THEM HAVE BEEN LODGERS FOR LESS THAN SIX YEARS.

AN

LIVING CENT OF

APARTMENTS

MONTH. ANOTHER 30 PER

FIND CANNOT

ALTERNATIVE

"ALMOST HALF OF THEM SAY THAT THEY STAY IN BEDSPACE BECAUSE OF CHEAP RENT, WHICH AVERAGES $279 A CENT OF THEM ACCOMMODATION.

THE GIVE

REASON

THEY THAT

"THE

RESULTS SURVEY

FORMED HAVE

MAGNITUDE THE

OF

THE BASIS THE

WHICH ON

PROBLEM

THE

AND

ADMINISTRATION IS ASSESSING FORMULATING APPROPRIATE MEASURES TO TACKLE IT," MR TSAO SAID.

APPROACHES BEING AS THERE WERE SOME SIMILARITIES IN THE BASIC

BEDSPACE APARTMENTS, HE SAID THE PROPOSED FOR THE GUESTHOUSES AND

OF BEDSPACE THAT THE LICENSING ADMINISTRATION WAS PROPOSING

PROPOSED OF THE THE TASKS OF FORM ONE APARTMENTS WOULD ACCOMMODATION AUTHORITY BEING SET UP UNDER CNTA.

HOTEL

BILL TO PROVIDE TAX RELIEF FOR UNIT TRUSTS AND MUTUAL FUND CORPORATIONS INTRODUCED

THE INLAND REVENUE (AMENDMENT) PROVIDE FURTHER TAX RELIEF FOR AUTHORISED UNIT TRUSTS AND SIMILAR

FUND CORPORATIONS, AUTHORISED MUTUAL RELIEF FOR SECRETARY, THE HON SIR PIERS JACOBS, SAID IN THE TODAY (WEDNESDAY).

(NO. 2) BILL

1991

SEEKS TO TAX

THE FINANCIAL COUNCIL LEGISLATIVE

AND MOVING THE SECOND READING OF THE BILL, SIR PIERS SAID:

OF SECURITIES LAW NOW STANDS, PROFITS ON THE DISPOSAL RECEIVED BY TRUSTEES OF AUTHORISED UNIT TRUSTS ARE EXCLUDED CHARGE TO PROFITS TAX.

"AS

THE

INTEREST FROM THE

/"REPRESENTATIONS HAVE

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