XN000022-1987-04-10 — Page 8

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FRIDAY, APRIL 10, 1987

THE CONSULTANTS CONFIRMED THAT THE OCEAN PARK WOULD BE ABLE TO SUPPORT A PROPOSED PROGRAMME OF CAPITAL IMPROVEMENTS AND MAINTAIN A POSITIVE CASH BALANCE AT THE END OF EACH FINANCIAL YEAR, PROVIDED THAT EXISTING ATTENDANCE LEVELS COULD BE SUSTAINED AND ASSUMING A MINIMUM EIGHT PER CENT RETURN ON THE INVESTMENT OF THE $200 MILLION ENDOWMENT FUND.

THE BOARD OF THE CORPORATION WILL COMPRISE NOT LESS THAN SEVEN MEMBERS APPOINTED BY THE GOVERNOR AND WILL BE TASKED TO RUN THE OCEAN PARK AS A PUBLIC RECREATIONAL AND EDUCATIONAL PARK.

THE BOARD CHAIRMAN AND DEPUTY CHAIRMAN WOULD BE APPOINTED BY THE GOVERNOR FROM THE MEMBERS.

THE BILL ALSO MAKES PROVISION FOR THE AUDITED ACCOUNTS OF THE OCEAN PARK CORPORATION AND THE OCEAN PARK TRUST FUND TO BE TABLED AT THE LEGISLATIVE COUNCIL WITHIN SIX MONTHS OF THE END OF EACH FINANCIAL YEAR TOGETHER WITH A REPORT BY THE CORPORATION ON ITS ACTIVITIES, THE NUMBER OF ATTENDANCES AT OCEAN PARK AND THE ADMINISTRATION OF THE FUND DURING THAT PERIOD.

THE BILL WILL BE INTRODUCED TO THE LEGISLATIVE COUNCIL ON MAY 6, 1987.

YOUTH LEADERS SET TO EMBARK ON JAPAN TRIP *****

SOME 160 YOUNG PROSPECTIVE LEADERS ARE ALL READY TO SET SAIL FOR JAPAN ON A WEEK-LONG LEADERSHIP TRAINING FOLLOWING A BRIEF CEREMONY TODAY (FRIDAY) IN WHICH THE DEPUTY CHIEF SECRETARY, MR JOHN CHAN, PRESENTED A FLAG TO THEIR CHIEF DELEGATE TO MARK THE START OF THE VOYAGE.

IN HIS CAPACITY AS THE PATRON OF +YOUNG LEADERS VOYAGE+ MR CHAN CONGRATULATED THE HONG KONG JUNIOR CHAMBER OF COMMERCE FOR ORGANISING THE PROJECT AS PART OF ITS COMMUNITY SERVICE PROGRAMMES TO PROMOTE CIVIC EDUCATION.

+THE YOUNG LEADERS VOYAGE' IS AN EXCITING AND MEANINGFUL PROJECT WHICH WILL NO DOUBT BE OF IMMENSE BENEFIT TO THOSE WHO PARTICIPATE IN IT OR ASSOCIATED WITH IT,+ REMARKED MR CHAN WHEN HE RECEIVED THE DELEGATES' REPRESENTATIVES MISS NORA CHENG, MR NG LEUNG YAU AND MR BOSCO LEE IN HIS OFFICE.

PARTICIPANTS OF THE PROJECT, AGED BETWEEN 21 AND 35, WERE CHOSEN FROM VARIOUS BACKGROUNDS AND PROFESSIONS BY A PANEL. THEY WILL DEPART BY +CORAL PRINCESS+ FOR KAGOSHIMA, JAPAN ON TUESDAY (APRIL 14).

/DURING THE