XN000022-1988-03-09 — Page 4

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WEDNESDAY, MARCH 9, 1988

REFERRING TO THE GOVERNMENT'S CONTINUING

FINANCIAL COMMITMENT

TO THE AUTHORITY, MR SAUNDERS SAID IT WOULD BE HANDING OVER THE CLOSING BALANCE OF THE HOME OWNERSHIP FUND AND NOT REQUIRING REPAYMENT OF THE OUTSTANDING LOANS MADE ΤΟ THE AUTHORITY BY THE DEVELOPMENT LOAN FUND.

CASH TO

IN ADDITION, THE GOVERNMENT WOULD IF NECESSARY INJECT GUARANTEE THE AUTHORITY'S FINANCIAL SOLVENCY AND FACILITATE ITS CASH FLOW.

THESE SUMS WOULD BECOME THE GOVERNMENT'S PERMANENT THE AUTHORITY.

THE GOVERNMENT WOULD ALSO CONTINUE TO PROVIDE AUTHORITY ON CONCESSIONARY TERMS TO ENABLE IT TO DEVELOP AFFORDABLE RENTS AND PRICES.

CAPITAL IN

LAND TO THE HOUSING AT

REFERRING TO CONCERNS AS TO THE EFFECT THAT THE REORGANISATION WOULD HAVE ON RENT LEVELS, MR SAUNDERS SAID THAT "THE AUTHORITY WILL OPERATK WITHIN EXISTING RENT AND PRICING POLICIES AND WILL BE REQUIRED TO SEEK THE APPROVAL OF THE GOVERNOR IN COUNCIL BEFORE MAKING ANY CHANGES."

HE ALSO SAID THAT THE AUTHORITY'S GREATER OPERATIONAL WOULD NOT REDUCE ITS PUBLIC ACCOUNTABILITY.

FREEDOM

THE AUTHORITY'S ANNUAL PROGRAMME AND ESTIMATES WOULD CONTINUR TO BE SUBMITTED FOR APPROVAL BY THE GOVERNOR AND ITS AUDITED ACCOUNTS AND ANNUAL REPORT WOULD CONTINUE TO BE TABLED IN THE LEGISLATIVE COUNCIL.

THE

OFFICIALS

"QUARTERLY REPORTS WILL KEEP GOVERNMENT INFORMED OF AUTHORITY'S ACTIONS AND DECISIONS, WHILE THE APPOINTMENT OF TO THE AUTHORITY AND ITS COMMITTEES WILL ENSURE THAT GOVERNMENT'S VIEWS ARE KNOWN TO THE AUTHORITY, MR SAUNDERS ADDED.

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DEBATE ON THE BILL WAS ADJOURNED.

STRONG EVIDENCE COMMUNITY SUPPORTS VIEWING CONSTRAINTS

THERE IS STRONG EVIDENCE THAT THE LOCAL COMMUNITY SUPPORTS INDEED DEMANDS CONSTRAINTS ON WHAT MAY BE PUBLICLY VIEWED, SECRETARY FOR ADMINISTRATIVE SERVICES AND INFORMATION, THE HON TSAO, SAID IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

AND

THE

PETER

MOVING THE SECOND READING OF THE FILM CENSORSHIP BILL 1988, TSAO SAID THAT FOR OVER 35 YEARS FILM CENSORSHIP HAD BEEN ACCEPTED THE PUBLIC AS A GOVERNMENT RESPONSIBILITY.

MR

BY

/AND HE