32
WEDNESDAY, FEBRUARY 19, 1992,
MR GLEESON SAID IT WAS IMPOSSIBLE TO PREDICT ACCURATELY THE OUTCOME OF A LIQUIDATION AND STRESSED THAT ANY DIVIDEND FORECAST MUST BE SUBJECT то A NUMBER OF UNQUANTIFIABLE FACTORS, INCLUDING THE ADJUDICATION OF CLAIMS LODGED, THE RECEIPT OF FURTHER CLAIMS AND THE COLLECTION OF LOANS.
+
SUBJECT TO THOSE FACTORS HE THOUGHT THAT THE INITIAL DIVIDEND COULD BE IN THE REGION OF 35 PER CENT 40 PER CENT, WHICH WOULD INCLUDE THE INTERIM RELIEF ALREADY PAID. TOTAL DIVIDENDS IN THE PER CENT - 75 PER CENT MIGHT ULTIMATELY BE POSSIBLE NOT ABLE TO SAY HOW LONG THIS MIGHT TAKE.
REGION OF 70 ALTHOUGH HE WAS
CLASS SIZE PROPOSAL EXPLAINED
IN RESPONSE TO PRESS ENQUIRIES ABOUT THE PROPOSED INCREASE IN CLASS SIZE TO 42 IN THE 1992/93 SCHOOL YEAR, A SPOKESMAN FOR THE EDUCATION AND MANPOWER BRANCH ISSUED THE FOLLOWING STATEMENT:
THIS
DURING A MEETING WITH THE OMELCO EDUCATION PANEL (WEDNESDAY) MORNING, THE SECRETARY FOR EDUCATION AND MANPOWER, MR JOHN CHAN AND THE DIRECTOR OF EDUCATION, MR LI YUET-TING, REPORTED ON THE OUTCOME OF A FURTHER ROUND OF CONSULTATION WITH SCHOOL COUNCILS AND TEACHER UNIONS ON ALTERNATIVE WAYS то ACHIEVE THE REQUIRED SAVINGS.
10 SUGGESTIONS WERE MADE BY THE EDUCATION
COMMUNITY BUT NONE
OF THEM PROVIDED A VIABLE ALTERNATIVE TO THE ORIGINAL PROPOSAL то ABOLISH THE REPEATER ALLOWANCE.
MEMBERS OF THE PANEL ASKED WHETHER IT WAS STILL NECESSARY TO PRODUCE THE SAVINGS IN VIEW OF THE LARGE BUDGET SURPLUS REPORTED BY THE PRESS.
THE ADMINISTRATION EXPLAINED THAT THE RATIONALE FOR THE SAVINGS EXERCISE WAS TO ENSURE THAT THE GROWTH IN PUBLIC EXPENDITURE DOES NOT EXCEED THE RATE OF ECONOMIC GROWTH. WHETHER THERE IS A BUDGET SURPLUS OR NOT IS IRRELEVANT,
THE SECRETARY FOR EDUCATION AND MANPOWER UNDERTOOK ΤΟ REFLECT MEMBERS VIEWS TO THE RELEVANT AUTHORITIES.
MEMBERS ALSO INDICATED THAT THEY WOULD LIKE ΤΟ RAISE THE SUBJECT IN THE FORTHCOMING BUDGET DEBATE AND ASKED WHETHER ACTION TO INTRODUCE THE NEW MEASURES COULD BE WITHHELD IN THE INTERIM. THE ADMINISTRATION UNDERTOOK TO CONSIDER THIS REQUEST FAVOURABLĄ.
0
/33