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FRIDAY, FEBRUARY 28, 1992

WOULD BE

CENTRES, REGISTERED

POLICY TAXATION "WITH THE AMENDMENTS, OUR SHIPPING COMPETITIVE WITH THAT IN OTHER MAJOR WORLD SHIP REGISTRATION WHICH DO NOT CHARGE TAX ON PROFITS MADE BY OWNERS OF SHIPS WITH THEM, HE EXPLAINED.

OF THE EXEMPTIONS "THE COST TO REVENUE

WOULD BE SOME $28 THF LOSS HOWEVER, WE EXPECT

ΤΟ BE MILLION.

LP BY MADE

THE THE REGISTRATION AND TONNAGE FEES PAYABLE BY NEW SHIPS ATTRACTED ONTO

BENEFITS HONG KONG REGISTER, THERE WOULD ALSO BE SIGNIFICANT INDIRECT

SECTORS OF THE TO THE BANKING, INSURANCE AND OTHER SHIPPING-RELATED ECONOMY, THE SPOKESMAN SAID.

"

FROM

WAS

RELATING TO THE TAX "IF THE BILL IS ENACTED, THE PROVISIONS

INTO WILL COME EXEMPTIONS

FORCE RETROACTIVELY WITH EFFECT DECEMBER 3, 1990, WHEN THE NEW HONG KONG SHIPPING REGISTER ESTABLISHED," HE SAID.

PAC TO RECONVENE HEARING ON UNIVERSITY FINANCES

THE PUBLIC ACCOUNTS COMMITTEE WILL RECONVENE THE PUBLIC HEARING ON "PLANNING AND FINANCIAL CONTROL BY THE GOVERNMENT ON BUILDING THE HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY" ON MONDAY (MARCH 2) IN THE LEGISLATIVE COUNCIL CHAMBER, BEGINNING AT 9.30 AM.

FORD, GORDON

INVITED TO THE HEARING WILL BE CHIEF SECRETARY STR DAVID ADMINISTRATIVE ASSISTANCE TO CHIEF SECRETARY MS EMMA LAU, SIR MACWHINNIE, MAJOR GENERAL GUY WATKINS, SIR 5.Y CHUNG, MR I.F.C. MACPHERSON, SECRETARY FOR EDUCATION AND MANPOWER MR JOHN CHAN, DEPUTY SECRETARY FOR EDUCATION AND MANPOWER MISS CHRISTINE CHOW, MR K.Y. YEUNG, MR M. PAGLIARI, MR JOSP LE AND DIRECTOR OF ARCHITECTURAL SERVICES MR P.J. CORSER.

MEMBERS OF THE PUBLIC ARE WELCOME TO RESERVE SEATS IN THE PUBLIC GALLERY OF THE LEGISLATIVE COUNCIL CHAMBER BY TELEPHONING 869 9492.

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