WEDNESDAY, MAY 22, 1991
QUEEN ELIZABETH FOUNDATION FOR MENTALLY HANDICAPPED BILL INTRODUCED
*
OF THE A BILL WHICH SEEKS TO INCREASE THE MEMBERSHIP
COUNCIL OF THE QUEEN ELIZABETH FOUNDATION FOR THE MENTALLY HANDICAPPED AND TO EMPOWER IT TO APPOINT PERSONS OR INSTITUTIONS TO MANAGE THE INVESTMENT OF THE FOUNDATION'S ASSETS IN ACCORDANCE WITH DIRECTIONS GIVEN BY THE COUNCIL
INTRODUCED INTO THE LEGISLATIVE COUNCIL TODAY ( (WEDNESDAY).
WAS
THE QUEEN ELIZABETH FOUNDATION
MOVED (AMENDMENT) BILL 1991 WAS WELFARE, THE HON ELIZABETH WONG.
BY
FOR THE MENTALLY HANDICAPPED THE SECRETARY FOR HEALTH AND
OR
CLAUSE 2 MOVING THE SECOND READING OF THE BILL, MRS WONG SAID OF THE BILL AMENDED SECTION 5 OF THE PRINCIPAL ORDINANCE TO INCLUDE THE DIRECTOR
EDUCATION OF
AND THE DIRECTOR OF SOCIAL WELFARE THEIR REPRESENTATIVES AS OFFICIAL, MEMBERS OF THE FOUNDATION'S NON-OFFICIAL MEMBERS, COUNCIL, AND TO INCREASE THE MINIMUM NUMBER OF IN ADDITION TO THE
THE THE MEMBER NOMINATED BY HONG KONG JOCKEY CLUB, FROM FIVE TO SEVEN.
CHAIRMAN AND
ROYAL
SHE ALSO POINTED OUT THAT AT PRESENT, AFFAIRS AND THE COMMISSIONER FOR OFFICIAL MEMBERS OF THE COUNCIL.
SECRETARY REHABILITATION WERE
THE
THE
FOR ONLY
HOME
TWO
HOWEVER, A RECENT REVIEW OF THE ACTIVITIES AND PROJECTS SPONSORED BY THE COUNCIL SINCE ITS INCEPTION IN 1988 HAD REVEALED THAT THE MOST OF THEM RELATED CLOSELY TO SERVICES PROVIDED OR SUBVENTED BY SOCIAL WELFARE DEPARTMENT OR THE EDUCATION DEPARTMENT.
THAT THE WITH
IT WAS THEREFORE USEFUL FOR THESE TWO DEPARTMENTS TO BE REPRESENTED ON THE COUNCIL TO ENSURE, AMONGST OTHER THINGS, ACTIVITIES OR PROJECTS SPONSORED BY THE COUNCIL WERE EXISTING AND PLANNED SERVICES, MRS WONG EXPLAINED.
THE
COMPATIBLE
AS THE NUMBER OF OFFICIAL MEMBERS WOULD BE INCREASED ΤΟ FOUR, COUNCIL CONSIDERED IT DESIRABLE FOR THE MINIMUM NUMBER OF NON-OFFICIAL MEMBERS TO BE INCREASED PROPORTIONALLY SO AS TO MAINTAIN THE EXISTING LEVEL OF NON-OFFICIAL PARTICIPATION, SHE ADDED.
MRS ON ASSET MANAGEMENT,
WONG SAID CLAUSE 3 OF THE
AMENDED
OF SECTION 8 (B)
THE
ΤΟ PRINCIPAL ORDINANCE
EMPOWER FOUNDATION'S COUNCIL TO APPOINT PERSONS OR INSTITUTIONS TO MANAGE INVESTMENT OF THE FOUNDATION'S ASSETS IN ACCORDANCE WITH DIRECTIONS OF THE COUNCIL.
BILL
THE
THE
THE
THE
"SECTION 8(B), AS IT NOW STANDS, IMPOSES NO RESTRICTION ON FUND MANAGER'S POWER TO MANAGE AND ADMINISTER THE FOUNDATION'S ASSETS.
"AS A RESULT, THE EXERCISE OF SUCH POWER MAY CONFLICT WITH
DUTIES UNDER COUNCIL'S
SECTION 6(1) TO MAKE DECISIONS ON APPLICATION OF INCOME AND ASSETS," THE SECRETARY NOTED.
THE THE
"TO RECTIFY THIS, I'T IS PROPOSED THAT THE PERSONS OR
THE
INSTITUTIONS APPOINTED BY THE COUNCIL TO MANAGE THE INVESTMENT OF
ACCORDANCE WITH GENERAL OR FOUNDATION ASSETS BE REQUIRED TO ACT IN
WRITING SPECIFIC DIRECTIONS WHICH THE COUNCIL MAY GIVE IN
TIME FROM
TO TIME," SHE SAII}.
DEBATE ON THE BILL WAS ADJOURNED.
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