52.
The Commissioner of Correctional Services will be the trustee and a Trust Fund Committee will be set up to manage the Fund.
In order to facilitate the investment of the Fund, the Secretary for Security will soon appoint an Investment Advisory Committee on the best investment strategy.
The accounts of the Funds will be tabled each year at the Legislative Council.
End/Wednesday, March 29, 1995
Internationally Protected Persons and Taking of Hostages Bill
Following is the speech by the Secretary for Security. Mr Peter Lai, on the LegCo committee stage amendments on Internationally Protected Persons and Taking of Hostages Bill today (Wednesday):
Mr Chairman.
1 move that clauses 5 and 6 be amended as set out in the paper circulated to Members.
Three technical amendments are proposed. The first amendment clarifies the precise meaning of Clause 5. The second amendment is to correct a typographical еггог. The third amendment removes the unnecessary distinction between Commonwealth countries and foreign states in Clause 6(2).
Mr Chairman, I beg to move.
End/Wednesday, March 29, 1995