XN000022-1988-05-27 — Page 9

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FRIDAY, MAY 27, 1988

AND AND TECHNOLOGY THE HONG KONG UNIVERSITY OF SCIENCE CITY POLYTECHNIC OF HONG KONG ARE SIMILARLY EMPOWERED.

THE

THE PROPOSED AMENDMENTS TO THE HONG KONG POLYTECHNIC ORDINANCE AND THE HONG KONG BAPTIST COLLEGE ORDINANCE WILL CONFER SIMILAR POWER TO THE TWO TERTIARY INSTITUTIONS.

SIX HONORARY

"ENACTMENT OF THE AMENDING LEGISLALTION WILL MEAN THAT ALL TERTIARY INSTITUTIONS IN HONG KONG WILL BE ABLE TO CONFER DEGREES INCLUDING HONORARY DOCTORATES, THE SPOKESMAN SAID.

THE BILL WILL BE INTRODUCED INTO JUNE 1 THIS YEAR.

THE

LEGISLATIVE COUNCIL ON

FOR

BILLS SHOULD MEMBERS OF THE PUBLIC WHO WISH TO COMMENT ON THE

CENTRAL OR TO THE SECRETARY WRITE TO OMELCO, 8 JACKSON ROAD, EDUCATION AND MANPOWER, THIRD FLOOR, CENTRAL GOVERNMENT OFFICES.

AUDIT (AMENDMENT) BILL 1988 PUBLISHED * * * * *

THE GOVERNMENT PROPOSES TO AMEND THE AUDIT ORDINANCE TO IT STATUTORY FOR THE DIRECTOR OF AUDIT TO CERTIFY THE ACCOUNTS CERTAIN FUNDS ESTABLISHED UNDER THE PUBLIC FINANCE ORDINANCE.

MAKE OF

UNDER THE AUDIT (AMENDMENT} BILL 1988 PUBLISHED IN THE GAZETTE TODAY (FRIDAY), IT WAS ALSO PROPOSED THAT THE ACCOUNTS OF THESE FUNDS WOULD THEN BE REQUIRED TO BE LAID BEFORE THE LEGISLATIVE COUNCIL IN ACCORDANCE WITH SECTION 12 OF THE PRINCIPAL ORDINANCE.

THE

THE

THERE ARE AT PRESENT SIX FUNDS SET UP UNDER SECTION 29 OF PUBLIC FINANCE ORDINANCE. THEY ARE THE DEVELOPMENT LOAN FUND, LOTTERIES FUND, THE HOME OWNERSHIP FUND, THE STUDENT LOAN FUND, THE MASS TRANSIT FUND AND THE CAPITAL WORKS RESERVE FUND.

A GOVERNMENT SPOKESMAN SAID THAT UNDER THE AUDIT ORDINANCE, ONLY THE STATEMENTS OF ACCOUNTS OF THE CAPITAL WORKS RESERVE FUND WERE REQUIRED TO BE SUBMITTED TO THE DIRECTOR OF AUDIT FOR CERTIFICATION AND, AFTER WHICH, BE LAID ON THE TABLE OF THE

LEGISLATIVE COUNCIL.

SIMILAR PROVISIONS ARE PROVIDED FOR IN THE GOVERNMENT LOTTERIES ORDINANCE IN RESPECT OF THE LOTTERIES FUND.

"THE STATEMENTS