XN000022-1988-04-21 — Page 36

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THURSDAY, APRIL 21, 1988

DONATIONS TO SAF NOW TAX-DEDUCTIBLE

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OF THE

DONATIONS TO SPORT THROUGH THE SPORTS AID FOUNDATION ARE NOW TAX-DEDUCTIBLE, A SPOKESMAN FOR THE SPORT AID COMMITTEE COUNCIL FOR RECREATION AND SPORT ANNOUNCED TODAY (THURSDAY).

DONATION

THE SPORTS AID FOUNDATION WAS SET UP RECENTLY WITH A OF $10 MILLION FROM THE ROYAL HONG KONG JOCKEY CLUB. IT AIMS TO ASSIST TALENTED INDIVIDUAL ATHLETES TO REACH ASIAN OR INTERNATIONAL STANDARDS.

4.

'WITH THE TAX INCENTIVE, IT IS HOPED THAT CONTRIBUTION FROM THE PRIVATE SECTOR WILL BE FORTHCOMING PROMOTION OF SPORT, THE SPOKESMAN SAID.

INCREASED

FOR THE

"ALSO, A NEW PREFERRED DONATION SCHEME UNDER THE FOUNDATION WILL ENABLE BUSINESS CORPORATIONS, THE PRIVATE SECTOR AND THE GENERAL PUBLIC TO DONATE MONEY TO A SPECIFIED SPORT, HE SAID.

H

THE SPORTS AID COMMITTEE WHICH ADMINISTERS THE FUND WILL NORMALLY COMPLY WITH THE WISH OF THE DONORS, IN WHICH CASE THE TOTAL AMOUNT, OR PART OF THE "PREFERRED DONATION", WILL BE GRANTED TO THE GOVERNING BODY OF THE CONCERNED SPORT.

"IF THE DONOR DOES NOT HAVE A PREFERENCE, THE COMMITTEE WILL ALLOCATE THE FUND AS IT CONSIDERS APPROPRIATE, THE SPOKESMAN ADDED.

+

THE FOUNDATION'S FUNDS ARE NOW OPEN FOR APPLICATION. LOCAL AMATEUR ATHLETES WISHING TO APPLY SHOULD COMPLETE AN APPLICATION FORM WHICH IS AVAILABLE FROM THEIR ASSOCIATION OR FROM THE SPORTS AID COMMITTEE OF THE COUNCIL FOR RECREATION AND SPORT, 11TH FLOOR, WING ON CENTRE, 111 CONNAUGHT ROAD, CENTRAL, HONG KONG.

FURTHER ENQUIRIES CAN BE MADE ON 5-458511.

SAI KUNG DB TO DISCUSS HANG HAU TOWN CLEARANCE

THE SAI KUNG DISTRICT BOARD WILL MEET TOMORROW (FRIDAY) ΤΟ DISCUSS THE PROPOSED RESUMPTION AND CLEARANCE OF PART OF HANG HAU TOWN FOR THE DEVELOPMENT OF JUNK BAY NEW TOWN.

THE PROPOSED ENGINEERING WORKS FOR THE RESUMPTION AND CLEARANCE ARE SCHEDULED TO COMMENCE IN DECEMBER THIS YEAR. A TOTAL OF 159 LOTS COMPRISING BOTH BUILDING AND AGRICULTURAL LAND WILL BE RESUMED AND CLEARED.

/REPRESENTATIVES FROM