Thursday, March 14, 1974
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"Secondly, workers who suffer permanent incapacity are presently
entitled to 48 months wages which should not be less than $9,600 or more
than $60,000. Clause 4 of the bill aims to amend Section 7 of the Ordinance
by raising these limits to $12,800 and $80,000.
"Finally, a workman who requires constant attention as a result
of his injuries may receive additional compensation of up to $24,000 under
Section 8 of the Ordinance and Clause 5 of the bill is intended to increase
this to a maximum of $32,000.
"It is intended that the new rates of compensation should be
applicable in respect of accents occurring on or after July 1, 1974.
reason for this is to allow the insurance companies adequate time to make
necessary preparations and adjustments before the bill is brought into effect
on July 1, 1974 by notice in the gazette," Mr. Li said.
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