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It stipulates major safeguards to enhance the security of such schemes, including the separation of scheme assets from employer assets, adequate funding of the schemes, regular independent audits and actuarial reviews, disclosure of information to scheme members, independent trusteeship and restrictions on "self" investments.
Note to Editors:
For further information, please contact Charles Lankester, Grace Sek or Cynthia Ma of Shandwich Hong Kong Limited on 2867 4642.
End/Thursday, July 13, 1995
Lantau taxi to charge new fares
Fares for Lantau taxi will be revised tomorrow (Friday).
The flagfall for the first two kilometres will be $10 and subsequent charges will be revised to $1 for every 0.2 kilometre travelled. Waiting time charge for every one minute will be $1.
The surcharges for baggage, animal or bird carried and for every hiring arranged through telephone booking will remain unchanged.
A spokesman for the Transport Department reminded taxi owners that the taxi fare table to be displayed inside a taxi should show the new fare scale starting from the effective date of the fare increase. He added that pending the conversion of taximeters, taxis may charge the revised fares starting tomorrow by displaying a conversion table showing the revised scales.
End/Thursday, July 13, 1995