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d) There is currently no plan to require all new buildings to have places for the display of works of art by local artists, as this would be impracticable, given the differing circumstances of buildings in terms of nature of uses, the wishes of the owners, users and residents, and so on. Nevertheless, where venues are required for such purposes in the public areas of Government owned or leased offices, these may be made available provided the use proposed does not impact on the operational use of, or public access to, the premises. Moreover, Housing Authority Shopping Centres and some Housing Society Shopping arcades are designed with the flexibility for exhibitions, including displays of visual art works by local artists, to be held at any time. We also welcome the initiatives taken by the owners of many large shopping and office complexes to provide displays, performances and other activities in their common areas for the benefit of building users and passers-by.

End/Wednesday, October 25, 1995

Occupational Retirement Schemes

The following is a question by the Hon Lee Kai-ming and a written reply by the Secretary for Financial Services, Mr Rafael Hui, in the Legislative Council today (Wednesday):

Question:

Will the Government inform this Council of:

(a) the number of companies in the territory having occupational retirement schemes in operation prior to the commencement of the Occupational Retirement Schemes Ordinance; and

(b) the number of such schemes which have already been registered under the Ordinance, together with a breakdown of these schemes by the ratios of contributions between employers and employees, investment strategies adopted and annual rates of investment returns in the past year?

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