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THURSDAY, MAY 6, 1993
CHANGES IN THE WILL CONTAIN 'SAFEGUARDS" TO INCREASES AND THEIR
BY A SIMPLE
HE ALSO GAVE HIS ASSURANCE THAT SHOULD ABRUPT MARKET OCCUR, THE AMENDED LEGISLATION ALLOW FOR THE SIZE OF PERMITTED DATES TO BE ADJUSTED LEGISLATIVE COUNCIL.
READILY
RESOLUTION
IMPLEMENTATION OF THE
A SIMILAR MECHANISM WILL ALSO BE AVAILABLE FOR FOR STATUTORY COMPENSATION.
THE MULTIPLIER
FURTHERMORE, TENANTS WILL STILL ENJOY SECURITY OF AFTER 1996 PROVIDED THEY ARE WILLING TO PAY MARKET RENTS.
TENURE EVEN
ATTENTION NEWS EDITORS:
PRINCIPAL VALUER OF THE RATING
MR
ENQUIRIES PUBLICITY
MR JIM ON THIS DIVISION,
AND VALUATION DEPARTMENT, PL WAN; AND PRINCIPAL ASSISTANT SECRETARY (NEW TERRITORIES),
то ANSWER FOLLOW-UP MICHIE; WILL BE SUBJECT AT 4 PM TODAY (THURSDAY) AT THE NEWS AND CNTA HEADQUARTERS, SOUTHORN CENTRE, 30TH FLOOR, WAN CHAI.
AVAILABLE
-
COMPENSATION TO SENIOR EXECUTIVES
A GOVERNMENT SPOKESMAN SAID TODAY (THURSDAY):
IN THE SENIOR
"LEGAL ADVICE HAS BEEN TAKEN CONCERNING PRACTICE PRIVATE SECTOR OVER THE DISCLOSURE OF COMPENSATION PAID ΤΟ EXECUTIVES. THIS ISSUE HAS BEEN DISCUSSED TODAY BY THE BOARD OF THE PROVISIONAL AIRPORT AUTHORITY IN RELATION TO THE DEPARTURE OF MR RICHARD ALLEN FROM HIS POST AS THE PAA'S CHIEF EXECUTIVE OFFICER. THE FINANCIAL SECRETARY WILL MAKE A STATEMENT TO THE LEGISLATIVE COUNCIL NEXT WEDNESDAY IN THE LIGHT OF THIS DISCUSSION.
THE SPOKESMAN SAID THAT SIR DAVID FORD, IN HIS CAPACITY A9 CHAIRMAN OF FINANCE COMMITTEE, HAD TODAY WRITTEN ΤΟ THE HON ALBERT CHAN WAI-YIP. HE WAS RESPONDING TO A REQUEST FOR A REVIEW OF THE DECISION TAKEN ON MAY 4 BY SIR DAVID REGARDING THE ACCEPTABILITY FOR DISCUSSION OF MR CHAN'S MOTION CALLING FOR THE CHAIRMAN OF THE PAA TO GIVE EVIDENCE TO THE COMMITTEE.
THE TEXT OF SIR DAVID'S LETTER SAYS: "THANK YOU FOR YOUR LETTER OF 5 MAY. AS YOU HAVE STATED IN YOUR LETTER, THE MAIN FUNCTION OF THE FINANCE COMMITTER ARE AS SET OUT IN THE PUBLIC FINANCE ORDINANCE AND STANDING ORDER 60, AND IN ESSENCE INVOLVE CONSIDERATION OF PROPOSALS FOR PUBLIC EXPENDITURE, YOUR MOTION DATED THE 30 APRIL IS NOT CONCERNED WITH ANY PROPOSALS FOR PUBLIC EXPENDITURE. THE MOTION IS THEREFORE OUT OF ORDER AND I CONFIRM MY PREVIOUS RULING."
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