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WEDNESDAY, DECEMBER 2, 1992
"GIVEN THE STABLE U.S. DOLLAR EXCHANGE RATE UNDER THE LINKED EXCHANGE RATE SYSTEM, THERE IS THUS LITTLE VALUATION EFFECT IN RESPECT OF 70 PER CENT OF DEPOSITS WITH AUTHORISED INSTITUTIONS," NENDICK SAID.
MR
TO
IT
WHILE THE BALANCE OF SOME 30 PER CENT IS SUSCEPTIBLE VALUATION EFFECTS DEPENDING ON THE VOLATILITY OF EXCHANGE RATES, IS NOT CLEAR THAT THE BENEFIT OF HAVING SUCH ADDITIONAL INFORMATION WOULD CURRENTLY JUSTIFY THE ADDITIONAL COST OF REPORTING AND COLLATING THE DATA, HE ADDED.
HOWEVER, HE SAID THE GOVERNMENT WOULD KEEP THE MATTER UNDER REVIEW IN THE LIGHT OF FUTURE DEVELOPMENTS.
—
AMENDED MOTION ON ENVIRONMENTAL PROTECTION CARRIED
*
THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY) DEBATED FOR MORE THAN TWO HOURS ON ENVIRONMENTAL PROTECTION.
EIGHTEEN LEGISLATORS TOOK TURN TO SPEAK. THE MOTION AS AMENDED
BY DR THE HON LEONG CHE-HUNG WAS CARRIED.
THE AMENDED MOTION READ: "THAT THIS COUNCIL URGES THE ADMINISTRATION ΤΟ REVIEW THE PRIORITIES OF ITS ENVIRONMENTAL PROTECTION PROGRAMMES, TO ADOPT THE TWO CONVENTIONS ENDORSED IN THE BARTH SUMMIT 1992, AND TO DRAW UP A COMPREHENSIVE CONSERVATION POLICY WITH A TARGET TOWARDS ACHIEVING SUSTAINABLE DEVELOPMENT.'
AN ADJOURNMENT DEBATE ON THE OBJECTIVE OF SCHOOL EDUCATION DID NOT TAKE PLACE BECAUSE OF A LACK OF QUORUM.
FIVE BILLS
+
SUPREME COURT (AMENDMENT) BILL 1992, TRUSTEE (AMENDMENT} BILL 1992, PENSIONS MODIFICATION BILL 1992, PENSIONS ORDINANCES AND REGULATIONS (MISCELLANEOUS AMENDMENTS) BILL 1992 AND HONG KONG INDUSTRIAL TECHNOLOGY CENTRE CORPORATION BILL INTRODUCED FOR FIRST AND SECOND READINGS.
-
WERE
DEBATES ON THEM WERE ADJOURNED.
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