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In future years, additional sewerage assets will be funded by the Government from the Capital Works Reserve Fund. I will introduce, on an annual basis, further Resolutions for approval by this Council to appropriate these assets at cost when they are commissioned. These assets will then be depreciated in accordance with normal practice, but only where the assets are to be replaced out of the resources of the trading fund.
With the appropriation of assets, the Sewage Services Trading Fund will be on a firm footing with the general manager able to provide an efficient and effective I shall service to the public, government departments and other public bodies. continue to report regularly to this Council on the operation of the trading fund.
Mr President, I beg to move.
End/Wednesday, July 26, 1995
Fines in Housing Ordinance
Following is the speech by the Secretary for Housing, Mr Dominic Wong, in moving the Interpretation and General Clauses Ordinance in the Legislative Council today (Wednesday):
Mr President,
I move the motion standing in my name in the Order Paper, which seeks approval for increasing the fines in the Housing Ordinance (Chapter 283) to restore their real value.
Section 100A(1) of the Interpretation and General Clauses Ordinance (Chapter 1) provides that the Legislative Council may, by resolution, amend any ordinance so as to increase the amount of any fine specified in that ordinance.
The Criminal Procedure (Amendment) (No. 2) Ordinance last year has introduced a standard scale of fines, with six levels, for statutory penalties not exceeding $100,000. These levels of fine may be increased from time to time by a single order by the Governor in Council to reflect the effect of inflation in order to preserve the deterrent effect of the penalties.
H