XN000022-1988-06-03 — Page 10

ON

FRIDAY, JUNE 3, 1988

OF

WILL

MR DAVID NENDICK, WHO WILL BE ACTING FINANCIAL SECRETARY, CHAIR A PRESS CONFERENCE ON MONDAY (JUNE 6) AT 2 PM AT THE GIS PRESS CONFERENCE ROOM TO EXPLAIN THE MAIN PROVISIONS

THE BILL, PARTICULARLY AMENDMENTS MADE AFTER TAKING INTO ACCOUNT COMMENTS.

PUBLIC

NOTE TO EDITORS:

MEDIA REPRESENTATIVES

ARE INVITED TO ATTEND

THE PRESS CONFERENCE ON THE SECURITIES (DISCLOSURE OF INTERESTS) BILL 1988 WHICH WILL BE HELD ON MONDAY (JUNE 6) AT 2 PM IN THE GIS PRESS CONFERENCE ROOM, FIFTH FLOOR, BEACONSFIELD HOUSE, QUEEN'S CENTRAL.

ROAD

PUBLIC FINANCE (AMENDMENT) BILL 1988 GAZETTED

THE GOVERNMENT PROPOSES TO AMEND EXISTING LEGISLATION TO MAKE IT CLEAR THAT DECISIONS OF THE FINANCE COMMITTEE SHALL CONTINUE TO HAVE LEGAL EFFECT AFTER THE DISSOLUTION OF THE LEGISLATIVE COUNCIL.

EXPLAINING THE PURPOSE OF THE PUBLIC FINANCE (AMENDMENT) BILL 1988, PUBLISHED IN THE GAZETTE TODAY (FRIDAY), A GOVERNMENT SPOKESMAN SAID IT WAS DESIRABLE TO MAKE SUCH AN AMENDMENT A9 THERE WERE PROVISIONS FOR THE PERIODIC DISSOLUTION OF THE LEGISLATIVE COUNCIL.

"THERE IS SOME DOUBT WHETHER, FROM THE DATE OF THE DISSOLUTION, CERTAIN DECISIONS MADE BY THE FINANCE COMMITTER UNDER THE PUBLIC FINANCE ORDINANCE, IN PARTICULAR THE DELEGATION OF ITS POWER UNDER SECTION 8 (3) TO THE FINANCIAL SECRETARY ΤΟ MAKE APPROVED ESTIMATES OF EXPENDITURE, WILL AS A MATTER TO HAVE EFFECT," THE SPOKESMAN SAID.

"IF THEY DO NOT, THE NORMAL CONDUCT OF FINANCIAL BUSINESS WOULD BE DISRUPTED," HE ADDED.

THE BILL IS EXPECTED TO BE INTRODUCED INTO COUNCIL ON JUNE 15.

CHANGES TO THE OF LAW CONTINUE

THE GOVERNMENT'S

THE LEGISLATIVE

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