8
WEDNESDAY, FEBRUARY 27, 1991
THE FINANCIAL SECRETARY, THE HON SIR PIERS JACOBS, REMARKS WHEN MOVING THE SECOND READING OF THE BILL IN THE COUNCIL THIS (WEDNESDAY) AFTERNOON.
MADE
THESE
LEGISLATIVE
AGAINST ITS "FOLLOWING A RECENT APPEAL BY A UTILITY COMPANY
THE COMMISSIONER'S RATING ASSESSMENT, DOUBTS WERE RAISED CONCERNING
OF PLANT EXISTING VALUATION PRACTICE WITH REGARD TO THE RATEABILITY SUCH AS CABLES AND DUCTS.
"ACCORDINGLY, A NEW SECTION 8A 19 PROPOSED
DOUBTS, SIR PIERS SAID.
ΤΟ REMOVE THESE
WHEN ANY LAND, AS CABLES, DUCTS,
"SECTION 8A(1) AND (2) SEEK TO PROVIDE THAT BUILDING OR STRUCTURE IS OCCUPIED BY PLANT SUCH PIPELINES OR RAILWAY LINES, BOTH THE LAND, BUILDING OR STRUCTURE THE PLANT SHALL BE VALUED TOGETHER FOR RATING PURPOSES," HE ADDED,
AND
TO THE CONCERNING THE CURRENT VALUATION PRACTICE RELATING
AT GENERATION AND DISTRIBUTION NETWORKS OF UTILITY COMPANIES, HE SAID
COMPRISED MANY PRESENT THE COMMISSIONER VALUED THESE NETWORKS, WHICH SEPARATE COMPONENTS, AS SINGLE RATEABLE UNITS.
"THE LEGAL AUTHORITY FOR DOING SO IS NOT ABSOLUTELY CLEAR.
10 SECTION AMEND "CLAUSE 3 OF THE BILL SEEKS TO
THE COMMISSIONER ORDINANCE TO
THE AUTHORITY OF CLARIFY SEPARATE RATEABLE UNITS AS ONE PROVIDED THEY ARE USED WITH EACH OTHER AND AFFECT THE VALUE OF EACH OTHER,
**
OF THE ΤΟ VALUB IN CONNECTION HE SAID,
IN
THE
THE FINANCIAL SECRETARY SAID THE AMENDMENTS PROPOSED BILL WERE TECHNICAL IN NATURE.
INTENTION WHICH
"HOWEVER, THEY ARE NECESSARY NOT ONLY TO CLARIFY THE
REVENUE RATES ΤΟ ALSO
PROTECT
BUT
OF THE RATING ORDINANCE, MIGHT BE AT RISK IF THE EXISTING LAW IS NOT AMENDED,
HE SAID.
SIR PIERS SAID THE EFFECT ON THE PUBLIC SHOULD BE NEGLIGIBLE.
•
DEBATE ON THE BILL WAS ADJOURNED.
BILL TO EXTEND TENURE OF HEUNG YEE KUK COUNCILLORS
THE TENURE
FOR THE HEUNG YEE KUK (AMENDMENT) BILL 1991 WILL AMEND
YEARS, THE SECRETARY
COUNCIL TODAY OF THE KUK COUNCILLORS FROM THREE TO FOUR HOME AFFAIRS, THE HON PETER TSAO, TOLD THE LEGISLATIVE (WEDNESDAY).
MOVING THE SECOND
READING OF THE
BILL, OF THE
PURPOSE WAS TO CHANGE THE TERM OF OFFICE ORDER TO FIT INTO THE NEW ELECTORAL CYCLE OF THE FOR THE 1991-95 SESSION.
MR TSAO SAID HEUNG YEE LEGISLATIVE
IT'S KUK IN COUNCIL
/"SECTION 5(2)