CO129-592-10 Future Policy in Hong Kong- Port Administration 10-4-1946 - 15-4-1947 — Page 147

1414

G.

Subject

Section

ALBA PRIE V ROMPTAG-EXUPPING

(a) General

29(1)

Administration Report.

(r) Capital Value 35

of Assets taken

over.

Comment or Amendment

remarked that these sections gave the Trust wide powers, but Mr. Colman said that, in cases of emergency, these powers were necessary. It was agreed that with the deletion noted above the draft sections might be allowed to stand.

Add at the end of the paragraph "and this if approved shall be published".

The Committee wished it to be wecorded that they would consider it to be wrong for the Port Trust to be burdened with a heavy debt in respect of the capital cost of assets taken over from the Government, and that any valuation of such aseets should be made bearing in mind the extent to which

their acquisition had in the past been charged to general revenue including lues collected.

(s) Disbursements 34(2)(b) Delete "hereinafter referred to".

The Chairman said that further decisions in the matter of the Fort Trust would rest with the Hong Kong Government on its re-establishment. In accordance with his suggestion it was agreed that the Committee would fulfil the purposes for which it was set up by submitting to the Secretary of State, in lieu of a formal report, the draft Ordinance with their comments as embodied in these Minutes, together with the Minutes of previous Meetings and the Memoranda already considered by the Committee.

The Chairman closed the Keeting by expressing his thanks to the members for their assistance and advice, which, bo was sure, were much appreciated by the Secretary of State.

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