XN000022-1988-06-21 — Page 11

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TUESDAY, JUNE 21, 1988

1988,

THEY ARE: THE BANKRUPTCY (AMENDMENT) BILL

COMPANIES (AMENDMENT) (NO. 2) BILL 1988, COMMISSIONER FOR ADMINISTRATIVE

JUDICIAL SERVICE COMPLAINTS BILL 1988,

COMMISSION (AMENDMENT) BILL (AMENDMENT) (NO.

(NO. 2)

HONG BILL 1988, 1988, BANKING

KONG FUTURES EXCHANGE LTD (TEMPORARY PROVISIONS) BILL 1988, MONEY LENDERS (AMENDMENT) BILL 1988, AND SOCIETIES (AMENDMENT) (NO. 2) BILL 1988.

THE OTHER FOUR BILLS WILL EACH BE GIVEN A SECOND READING, ARE THEN DUE TO GO THROUGH THE COMMITTEE STAGE AND THIRD READING.

AND

THESE ARE: THE INTERPRETATION AND GENERAL CLAUSES (AMENDMENT) BILL 1988, AUDIT (AMENDMENT} BILL 1988, MENTAL HEALTH (AMENDMENT) BILL 1987, AND TRADE UNIONS (AMENDMENT) BILL 1988.

INTERNATIONAL BANK

(TRANSFER OF

SECOND

A PRIVATE BILL, THE RAINIER HONG KONG UNDERTAKING) BILL 1988, WILL ALSO BE GIVEN FIRST AND READINGS.

23 500 FLATS PRODUCED FOR SALE UNDER PSPS

*

PRIVATE

THE MARRIAGE OF THE PUBLIC AND PRIVATE SECTORS IN THE SECTOR PARTICIPATION SCHEME (PSPS) SINCE ITS INCEPTION HAS PRODUCED ABOUT 23 500 FLATS AND MORE THAN 16 000 ARE NOW UNDER CONSTRUCTION.

THIS WAS SAID BY THE ASSISTANT DIRECTOR OF HOUSING (CONSTRUCTION/GENERAL}, MR TOM BLAIR, WHEN HE OFFICIATED AT THE GROUND-BREAKING CEREMONY OF A PSPS DEVELOPMENT IN SHEUNG SHUI TODAY.

THE PSPS SCHEME IS AN EXCELLENT EXAMPLE OF THE KIND OF CO-OPERATION BETWEEN THE PUBLIC AND PRIVATE, SECTORS, MR BLAIR SAID.

IT HAS ALSO PROVED VERY SUCCESSFUL IN MANY FIELDS IN HONG KONG IN THE PAST, HE ADDED.

!

"ON THE ONE HAND THE SCHEME PROVIDES FLATS FOR SALE AT AFFORDABLE PRICES TO MEMBERS OF THE COMMUNITY WHO WISH ΤΟ OWN THEIR OWN HOME BUT WHO CANNOT AFFORD TO PURCHASE A FLAT OF SIMILAR CALIBRE IN THE PRIVATE SECTOR.

OF

"ON THE OTHER HAND THE FINANCIAL AND CONSTRUCTION RESOURCES THE PRIVATE SECTOR ARE WILLINGLY HARNESSED TO ACHIEVE THE SAME OBJECTIVE, MR BLAIR SAID.

H

/ON THE