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WEDNESDAY, JUNE 24, 1991
DUTIABLE COMMODITIES BILL INTRODUCED
*
THE
DUTIABLE
COMMODITIES
TO
SEEKS BILL 1991 (AMENDMENT)
DUTIABLE COMMODITIES ORDINANCE
REPLACE THE WORDS "LIGHT OIL" OF THE WITH "HYDROCARBON OIL".
PIERS JACOBS, (WEDNESDAY)
IN THE
THIS WAS STATED BY THE FINANCIAL SECRETARY, SIR WHEN MOVING THE SECOND READING OF THE BILL TODAY LEGISLATIVE COUNCIL.
OF THE
SIR PIERS EXPLAINED THAT THE REPLACEMENT IN SECTION 69
OF HYDROCARBON OIL SUITABLE AND ORDINANCE WAS TO EMBRACE ALL TYPES INTENDED FOR USE AS AIRCRAFT FUEL.
HE SAID THE CHEMICAL
CHANGED IN RECENT YEARS.
COMPOSITION
OF JET
AIRCRAFT
FUEL
HAD
THE BULK OF
AIRCRAFT SPIRIT,
BE A UNDER THE
WHICH WAS INTENDED TO DUTIABLE COMMODITY, WAS NO LONGER APPROPRIATELY CLASSIFIED ORDINANCE, THE SECRETARY ADDED.
DEBATE ON THE BILL WAS ADJOURNED.
AMENDMENT BILLS INTRODUCED ON CNTA TRUST FUNDS
* * *
CURRENTLY
AMENDMENT BILLS CONCERNING FOUR TRUST FUNDS ADMINISTERED BY THE CITY AND NEW TERRITORIES ADMINISTRATION WERE INTRODUCED INTO THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
THEY WERE THE GRANTHAM SCHOLARSHIPS FUND (AMENDMENT) BILL 1991, THE BREWIN TRUST FUND (AMENDMENT) BILL 1991. THE SIR ROBERT BLACK TRUST FUND (AMENDMENT) BILL 1991 AND THE LI PO CHUN CHARITABLE FUND (AMENDMENT) BILL 1991.
TRUST
MOVING THE SECOND READINGS OF THE BILLS, THE ACTING FOR HOME AFFAIRS, THE HON ALBERT LAM, SAID THEY PROVIDED FOR APPOINTMENT OF PROFESSIONALS TO MANAGE THE INVESTMENTS OF THE FUNDS.
SECRETARY
THE
THE BILLS ALSO ENABLED THE RESPECTIVE TRUST FUND COMMITTEE TO TRANSACT SOME OF ITS BUSINESS BY CIRCULATION OF PAPERS WHEN NECESSARY, HE SAID.
DEBATES ON THE BILLS WERE ADJOURNED.
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