TUESDAY, AUGUST 10, 1993
2
—
INMATES DO WELL IN SCHOOL CERTIFICATE EXAM
* * * * *
HONG
HARD WORK PAYS OFF FOR 35 INMATES FROM SIX CORRECTIONAL INSTITUTIONS WHO HAVE OBTAINED FAIRY GOOD RESULTS IN THIS YEAR'S KONG CERTIFICATE OF EDUCATION EXAMINATION (HKCEE).
THE INMATES, AGED BETWEEN 18 AND 37 + SUBJECTS WITH A PASS RATE OF 81.35 PER CENT.
IN TOOK 118 PAPERS
EIGHT
20 CREDITS A TOTAL OF ONE DISTINCTION,
AND 75 PASSES WERE
THEY OBTAINED.
PERFORMED BEST IN THE SUBJECT OF
OF PRINCIPLES ACCOUNTS AND DID WELL IN CHINESE, ENGLISH, MATHEMATICS, COMMERCE, ECONOMICS, GEOGRAPHY AND HISTORY,
UK CORRECTIONAL
INSTITUTION.
ONE
REST FROM LAI KING
ΡΙΚ MOST OF THEM ARE FROM FEMALE INMATE IS FROM THE TAI LAM CENTRE FOR WOMEN AND THE
COLLINSON CORRECTIONAL STANLEY PRISON, CAPE
INSTITUTION, TRAINING CENTRE AND SHEK PIK PRISON.
"IT ASSIST INMATES
A SPOKESMAN FOR THE CORRECTIONAL SERVICES DEPARTMENT SAID: IS ALWAYS THE DEPARTMENT'S POLICY TO ENCOURAGE AND TO SITTING FOR THE HKCEE AND OTHER PUBLIC EXAMINATIONS."
ARRANGED TO
"SINCE 1985, SOME 186 INMATES HAVE BEEN
SIT FOR IT VARIES THE HKCEE AND THE PASS RATE IS ALWAYS ENCOURAGING ALTHOUGH
SAT FOR THIS YEAR'S EVERY YEAR. HOWEVER, THE NUMBER OF INMATES WHO HKCEE IS A RECORD HIGH, HE ADDED.
SPECIAL LEVY TO BE SUSPENDED
OF
THE SPECIAL LEVY WILL BE SUSPENDED AFTER CLOSE OF TRADING THE STOCK AND FUTURES MARKET THIS FRIDAY (AUGUST 13), THE SECRETARY FOR FINANCIAL SERVICES MR MICHAEL CARTLAND ANNOUNCED TODAY (TUESDAY).
THE SPECIAL LEVY WAS INTRODUCED IN 1987 AFTER THE MARKET CRASH TO REPAY PART OF THE LIFEBOAT LOAN MADE TO ENABLE THE HONG KONG FUTURES GUARANTEE CORPORATION TO MEET ITS OBLIGATIONS.
THE LOAN IS ALSO REPAID BY RECOVERIES FROM THOSE WHO DEFAULTED IN THE INDEX FUTURES MARKET AT THE TIME OF THE CRASH, IN PARTICULAR FROM A MAJOR DEFAULTER WHO HAD ENTERED INTO A SETTLEMENT AGREEMENT PROVIDING FOR QUARTERLY REPAYMENTS UP TO FEBRUARY 1996.
THE EXCHANGES (SPECIAL LEVY) ORDINANCE WAS AMENDED IN
JULY THIS YEAR TO EMPOWER THE SECRETARY FOR FINANCIAL SERVICES ΤΟ REDUCE OR SUSPEND THE SPECIAL LEVY WHEN THE PORTION OF THE LOAN TO BE RECOVERED FROM SPECIAL LEVY PROCEEDS HAS BEEN FULLY REPAID AND AFTER PROVISIONS ARE MADE FOR THE INTEREST AND OTHER COSTS ON THE REMAINING
LOAN BALANCE.
/"DUE TO