XN000022-1988-07-20 — Page 22

WEDNESDAY, JULY 20, 1988

20

TURNING TO COMPENSATION, DR IP SAID THE BOARD OF THE INDUSTRY COUNCIL RESERVE FUND WOULD IN FUTURE BE ABLE TO EXERCISE

TRAVEL

DISCRETION IN SUITABLE CASES TO APPROVE

ITS EX-GRATIA PAYMENTS WITHOUT REQUIRING THE APPLICANTS TO EXHAUST JUDICIAL PROCEEDINGS.

THE COMPENSATION FOR CLIENTS FIXED AT 70 PER CENT.

OF DEFAULTING AGENTS WOULD BE

SHE SAID THIS HAD TO BE SEEN AGAINST THE BACKGROUND OF PRESENT TRAVEL AGENTS' RESERVE FUND WHERE THE COMPENSATION COULD FROM NIL TO 100 PER CENT,

THE

VARY

TO FIX THE COMPENSATION AT 70 PER CENT SHOULD BE REGARDED AN IMPROVEMENT, SHE SAID.

AS

DR IP ALSO OUTLINED THE AD HOC GROUP'S SUGGESTIONS WHICH HAD BEEN ACCEPTED BY THE GOVERNMENT.

SHE SAID THAT TO ENHANCE THE INDEPENDENCE OF THE TICRF BOARD, THE PROPOSED FOUR PROFESSIONAL MEMBERS SHOULD BE APPOINTED BY THE FINANCIAL SECRETARY AFTER CONSULTATION WITH TIC.

THE PRESENT PROPOSAL OF NOMINATION THROUGH TIC SHOULD BE DISPENSED WITH.

BOARD

THE QUORUM NECESSARY FOR TRANSACTION OF BUSINESS BY THE WAS FIXED AT FIVE.

TICRF

THE AD HỌC GROUP'S VIEW WAS THAT ARRANGEMENT SHOULD BE MADE COUNTERACT THE POSSIBILITY THAT THE QUORUM MIGHT BE MADE UP OF MAJORITY OF TIC OR TIC-NOMINATED MEMBERS.

A REASONABLE TIME LIMIT SHOULD CONSIDERATION OF APPLICATIONS PROCESSING COMPENSATION CLAIMS.

TO A

BE PRESCRIBED

FOR TIC

MEMBERSHIP AND

FOR THE ALSO

FOR

"PUBLIC BODIES"

UNDER OF

THE

THE

THE TIC AND TICRF SHOULD BE MADE PREVENTION OF BRIBERY ORDINANCE TO ENSURE THAT THE OPERATIONS TWO BODIES WERE CARRIED OUT IN A PROPER MANNER.

DR IP ALSO MOVED A COMMITTEE STAGE AMENDMENT TO THE BILL ΤΟ CHANGE THE COMMENCEMENT DATE OF THE NEW SCHEME FROM JULY 15 TO JULY 31 THIS YEAR.

SHE EXPLAINED THAT THE CHANGE TIED IN WITH THE CURRENT CYCLE OF LICENCE RENEWALS FOR TOUR OPERATORS.

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