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WEDNESDAY, OCTOBER 8, 1986
IN SHARING INCOME FROM LAND SALES, TO DATE OVER $1.4 BILLION IT WAS HAD BEEN CREDITED TO THE FUTURE SAR GOVERNMENT'S ACCOUNT. EXPECTED THAT THE SAR GOVERNMENT LAND FUND WOULD GROW IN THE YEARS AHEAD, AND THAT A VERY SUBSTANTIAL SUM WOULD BE AVAILABLE IN 1997.
HE NOTED THAT THE CHINESE SIDE OF THE LAND COMMISSION HAD SET UP A COMMITTEE, WHICH INCLUDED EMINENT BANKERS AND MONETARY EXPERTS, TO OVERSEE INVESTMENT OF THE FUND, PAYING PARTICULAR ATTENTION TO THE MAINTENANCE OF MONETARY STABILITY IN HONG KONG.
LOOKING AHEAD, SIR EDWARD NOTED THAT THE HONG KONG (LEGISLATIVE POWERS) ORDER IN COUNCIL, WHICH CAME INTO OPERATION ON AUGUST 26 THIS YEAR, GAVE THE HONG KONG LEGISLATURE POWER TO AMEND OR REPEAL UNITED KINGDOM LEGISLATION WHICH APPLIED TO HONG KONG IN THE FIELDS OF MERCHANT SHIPPING, CIVIL AVIATION IT ALSO EMPOWERED THE HONG KONG AND ADMIRALTY JURISDICTION. LEGISLATURE TO MAKE LAWS HAVING EXTRA-TERRITORIAL EFFECT IN THOSE FIELDS.
+SPRINGING FROM THAT ORDER, THIS COUNCIL WILL BE INVITED TO CONSIDER MANY IMPORTANT LEGISLATIVE PROVISIONS OVER THE NEXT FEW YEARS,+ HE SAID.
EXPANDED EDUCATION SYSTEM A PRIME OBJECTIVE *****
EXPANSION OF THE EDUCATION SYSTEM AND IMPROVING THE QUALITY AND RANGE OF OPPORTUNITIES THE SYSTEM OFFERS REMAINS A PRIME GOVERNMENT OBJECTIVE, THE GOVERNOR, SIR EDWARD YOUDE, TOLD THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
A WELL-EDUCATED COMMUNITY, SUPPORTED BY HIGHLY QUALIFIED PROFESSIONALS AND A SKILLED LABOUR FORCE. WAS ONE OF THE BEST GUARANTEES OF HONG KONG'S CONTINUED PROSPERITY AND WELL-BEING, SIR EDWARD SAID.
SIR EDWARD NOTED THAT A PLANNING COMMITTEE ON SETTING UP A THIRD UNIVERSITY, WAS ALREADY AT WORK ON ITS COMPLEX TASK.
HE SAID +WE CAN LOOK FORWARD TO THE NEW UNIVERSITY ADMITTING ITS FIRST STUDENTS IN THE MID-1990'S.
+WITH THE ADDITION OF THE THIRD UNIVERSITY, AND THE ADDITIONAL PLACES WHICH WILL BE PROVIDED AS A RESULT OF EXPANSION AT THE EXISTING FIVE TERTIARY INSTITUTIONS, 8 300 FIRST-YEAR FIRST DEGREE PLACES WILL BE AVAILABLE BY THE MID-1990'S, COMPARED WITH 4 200 TODAY.+
/PKOM HIS
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