16
WEDNESDAY, JANUARY 13, 1993
THE EDUCATION DEPARTMENT
ALSO
RECORDED AN ADDITIONAL 223 INCIDENTS IN AIDED SCHOOLS WHERE CLAIMS FOR COMPENSATION COULD HAVE BEEN MADE 37 IN 1988/89, 67 IN 1989/90, 55 IN 1990/91 AND 64 IN 1991/92.
"NO
COMPENSATION WAS PAID FOR THESE POTENTIAL CLAIMS, BECAUSE NO CLAIM WAS ACTUALLY LODGED OR, WHERE CLAIMS WERE THEY WERE FOUND TO BE UNJUSTIFIED, MR CHAN SAID.
EITHER LODGED,
"
INCREASING LOAN RATIO HAS NO IMPACT ON ECONOMIC GROWTH
* *
THE INCREASING HONG KONG DOLLAR LOAN TO DEPOSIT LIKELY TO CREATE ANY NEGATIVE IMPACT ON ECONOMIC TERRITORY OR ON MAJOR LOCAL INFRASTRUCTURAL PROJECTS.
RATIO IS NOT GROWTH IN THE
THIS WAS STATED TODAY (WEDNESDAY) BY THE SECRETARY FOR MONETARY AFFAIRS, MR DAVID NENDICK, IN A WRITTEN REPLY TO A QUESTION BY THE HON DAVID LI IN THE LEGISLATIVE COUNCIL.
MR NENDICK SAID THE INCREASE IN THE RATIO WAS A REFLECTION OF THE DIVERSIFICATION BY HONG KONG BANKING SECTOR OF ITS SOURCE OF FUNDING FOR ADDITIONAL LOAN BUSINESS.
"THIS WAS MADE POSSIBLE BY AN INFLOW OF FUNDS INTO HONG KONG DOLLARS, PARTICULARLY FROM CHINA," HE SAID.
ALTHOUGH THERE ARE NO STATISTICS TO CONFIRM THIS, IT IS BELIEVED THAT A SIGNIFICANT PART OF THE INCREASE. IN LOAN BUSINESS WAS FOR FINANCING INVESTMENT AND ECONOMIC ACTIVITY OF HONG KONG BUSINESSES IN CHINA.
"THIS IS A PHENOMENON
REFLECTING THE CLOSE ECONOMIC LINKS
BETWEEN HONG KONG AND CHINA.
"HONG KONG DOLLAR BANKING BUSINESS CAN NO LONGER BE SEEN IN GEOGRAPHIC ISOLATION," MR NENDICK SAID,
PROCEDURE FOR ROAD REINSTATEMENT TO BE CHANGED
UTILITY IN
THE GOVERNMENT IS CONTINUING DISCUSSIONS WITH COMPANIES WITH A VIEW TO HANDING OVER MORE RESPONSIBILITY TO THEM FUTURE FOR PERMANENT REINSTATEMENT IN BOTH FOOTWAYS AND CARRIAGEWAYS.
THIS WAS STATED BY THE ACTING SECRETARY FOR WORKS, MR S K KWEI, IN A WRITTEN REPLY TO A QUESTION BY THE HON HENRY TANG, IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
/AT PRESENT