XN000022-1985-11-13 — Page 13

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WEDNESDAY, NOVEMBER 13, 1985

LOWER LEVY INTENDED

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THE GOVERNMENT INTENDS TO REDUCE THE RATE OF LEVY UNDER THE PNEUMOCONIOSIS COMPENSATION ORDINANCE RELATING TO THE VALUE OF CONSTRUCTION WORKS AND OF QUARRY PRODUCTS PRODUCED, THE SECRETARY FOR EDUCATION AND MANPOWER, THE HON NEIL HENDERSON, SAID TODAY (WEDNESDAY).

REPLYING TO A QUESTION BY THE HON HO SAI-CHU AT THE

LEGISLATIVE COUNCIL. MR HENDERSON SAID IT WAS PROPOSED THAT THE RATE OF LEVY BE REDUCED BY 25 PER CENT FROM 0.2 PER CENT TO 0.15 PER CENT OF THE VALUE OF CONSTRUCTION WORKS IN EXCESS OF $1 MILLION, AND OF QUARRY PRODUCTS TO 0.15 PER CENT WITH EFFECT FROM JANUARY 6, 1986.

HE SAID HE INTENDED TO INTRODUCE THE NECESSARY RESOLUTION IN THE COUNCIL ON DECEMBER 4.

+ IF APPROVED, THE REDUCTION WOULD BE GAZETTED ON DECEMBER 6 AND COME INTO EFFECT ONE MONTH LATER,+ HE ADDED.

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