(b)
(c)
(d)
73 -
The Government has not set a timetable to demagnetise ten-dollar notes. Our plan is to leave the withdrawal of ten-dollar notes through normal wear and tear to the respective note-issuing banks. As ten-dollar notes remain legal tender, there is no urgency for Government to replace them all with coins and no concern therefore about their continued use in 'lai- see' packets.
In the drafting of the Coinage Ordinance in 1994, careful thought was given to the limit on the amount of coins which may be accepted as legal tender for payment as stipulated in section 2 of the Ordinance. We do not see a need for changing the limit of $100 for ten- dollar coins at this moment.
When new coins are introduced, it always takes some time for the public to get used to them. This is a natural phenomenon which we also encountered when the five-dollar coins were first introduced. We expect the public's acceptance of the ten-dollar coins to increase in due course. We do not intend to issue new ten-dollar notes and coins concurrently.
End/Wednesday, March 29, 1995
Voter registration for the new functional constituencies
Following is a question by the Hon Frederick Fung Kin-kee and a written reply by the Secretary for Constitutional Affairs, Mr Nicholas Ng, in the Legislative Council today (Wednesday):
Question:
The Government has indicated that all working persons engaged in economic activities are eligible for registration as electors of the new functional constituencies in the forthcoming Legislative Council election, provided they are registered electors of geographical constituencies. In connection with this, will the Government inform this Council:
(a)
whether it will write to the employees of organisations registered under the Societies Ordinance inviting them to register as electors of the new functional constituencies; if not, why not;