1
2
WEDNESDAY, MAY 6, 1992
17
THIS COMPANY'S BUSES ARE USED FOR PART OF THE DAY ON SPECIFIED IT WOULD BE ROUTES, AND FOR PART OF THE DAY ON NON-SPECIFIED ROUTES. IMPOSSIBLE FOR THESE BUSES TO CHANGE FROM DUTY-FREE TO DUTIABLE DURING THE COURSE OF THE DAY, OR FOR SUCH A SYSTEM BE MONITORED.
FUEL
THE COMPANY,
**THE
EFFECT OF THE AMENDMENT, THEREFORE, WILL BE TO ALLOW REFUND SYSTEM TO BE MAINTAINED IN RESPECT OF THIS PARTICULAR WITH THE LEVEL OF REFUND BEING INCREASED TO 100%," HE EXPLAINED.
MR MACLEOD THE
ON THE STAMP DUTY (AMENDMENT) (NO. 3) BILL 1992, REITERATED THAT ITS MAIN PURPOSE WAS TO REDUCE FROM 0.5% TO 0.4% RATE OF STAMP DUTY ON CONTRACT NOTES.
"THIS REPRESENTS THE CONTINUATION OF A GRADUAL REDUCTION IN THE THE IF ESSENTIAL
WE ARE TO MAINTAIN STOCK ON
TRANSFERS,
HE SAID. COMPETITIVENESS OF HONG KONG'S SECURITIES MARKET,
DUTY
TURNING TO THE ENTERTAINMENTS TAX (AMENDMENT) BILL FINANCIAL SECRETARY SAID HE WAS GRATEFUL THAT THE AD HOC
CONCESSION TAX THIS SIGNIFICANT SUPPORT DECIDED DIRECTLY BENEFIT ORDINARY HOUSEHOLDS.
ΤΟ
1992, THE GROUP HAD WHICH WOULD
GROUP
"I FULLY SHARE THE CONCERN EXPRESSED BY DR HUANG AND THE THAT THE BENEFIT OF THIS CONCESSION BE PASSED ON TO CONSUMERS TO
DR HUANG HAS OUTLINED WHAT HAS BEEN ACHIEVED MAXIMUM EXTENT POSSIBLE. IN THIS RESPECT AND I CONFIRM OUR INTENTION TO MONITOR THE SITUATION.
"I HAVE BEEN ASSURED BY REPRESENTATIVES OF THE ASSOCIATION THAT BY ALL OR NEARLY ALL CINEMAS WILL FOLLOW THE LEAD SET IN THIS REGARD
REFRAIN FROM THE MAJOR CINEMA OPERATORS, WHICH HAVE AGREED TO PRICE INCREASE IN CINEMA TICKETS FOR A FULL YEAR," HE ADDED.
ANY
STATEMENT BY FS ON BUDGET DEVELOPMENTS
BUDGET
THE FOLLOWING IS THE STATEMENT BY THE FINANCIAL SECRETARY, HAMISH MACLEOD, ON DEVELOPMENTS IN RELATION TO THE 1992 THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY):
MR DEPUTY PRESIDENT,
보증
MR
IN
SECOND
OF
IN MY SPEECH ON 1 APRIL CONCLUDING THE DEBATE ON THE READING OF THE APPROPRIATION BILL, I UNDERLINED THE IMPORTANCE MAINTAINING HEALTHY FISCAL RESERVES, WHICH WE CAN DRAW UPON IF WE ENCOUNTER ADVERSE ECONOMIC AND FINANCIAL DEVELOPMENTS. AT THE SAME TIME, I EXPLAINED THAT THE FORECAST FIGURE OF $71 BILLION IN 1996-97 WAS ADEQUATE FOR THIS PURPOSE, AND THAT I HAD NO HIDDEN AGENDA то BUILD UP THE RESERVES EVEN HIGHER.
UPDATED FIGURES FOR THE 1991-92 SURPLUS ARE NOW AVAILABLE AS A RESULT OF THE "FIRST CLOSING" OF THE GOVERNMENT'S ACCOUNTS. THESE INDICATE AN ADDITIONAL SURPLUS OF MORE THAN $6 BILLION ON TOP OF THE REVISED ESTIMATE.
/FIGURES FOR