ALSO DISCUSSED AT THE MEETING
MONDAY, JULY 25, 1988
WAS THE
CONSULTATIVE
DOCUMENT
ON PRUDENTIAL REGULATION OF RETIREMENT SCHEMES.
GENERAL,
WHILE THE COMMITTEE WAS IN SUPPORT OF THE DOCUMENT IN IT WAS FELT THAT LEGISLATIVE CONTROLS WERE NEEDED FOR THE TYPES OF INVESTMENTS AS WELL AS ON FUND MANAGEMENT COMPANIES.
IT WAS ALSO SUGGESTED THAT IT WOULD BE DESIRABLE FOR MANAGEMENT COMMITTEES TO BE SET UP, WITH EMPLOYER AND EMPLOYEE PARTICIPATION, TO OVERSEE THE RUNNING OF THE RETIREMENT SCHEMES.
MEMBERS FURTHER EXPRESSED CONCERN ABOUT PROTECTION OF EMPLOYEES UPON THE TERMINATION OF SCHEMES WHICH WERE NOT REGISTERED WITH THE INLAND REVENUE DEPARTMENT.
THEY ALSO SUGGESTED THAT CONTRIBUTIONS ΤΟ THE RETIREMENT SCHEMES SHOULD BE EXEMPTED FROM TAX AND BENEFITS SHOULD BE TRANSFERABLE UNDER LAW.
THE CONSULTATIVE PAPER ON HOMOSEXUAL OFFENCES WAS ALSO DISCUSSED AT THE MEETING AND DIVERGENT VIEWS WERE EXPRESSED BY MEMBERS.
THE VIEWS OF SWAC MEMBERS ON THE TWO CONSULTATIVE DOCUMENTS WILL BE CHANNELLED TO THE APPROPRIATE POLICY BRANCHES.
LIGHT RAIL FATAL ACCIDENT BEING INVESTIGATED
A GOVERNMENT SPOKESMAN SAID TODAY (MONDAY) THAT THE POLICE ARE CARRYING OUT AN INVESTIGATION INTO TODAY'S ACCIDENT INVOLVING A LIGHT RAIL TRANSIT VEHICLE AND A VAN AT PING HA ROAD, PING SHAN, IN WHICH AN EIGHT-YEAR-OLD BOY WAS KILLED.
+
A UK RAILWAY INSPECTOR, MR ALAN COOKSEY, IS ALSO EXAMINING SAFETY OF THE SYSTEM AT THE INVITATION OF THE GOVERNMENT.
L
THE
UNDER THE KOWLOON-CANTON RAILWAY CORPORATION ORDINANCE, WHICH ALSO GOVERNS THE OPERATION OF THE LIGHT RAIL TRANSIT SYSTEM, A CERTIFICATE IS REQUIRED TO BE ISSUED BY THE RAILWAY INSPECTING OFFICER BEFORE THE LIGHT RAIL TRANSIT SYSTEM CAN BE ALLOWED TO CARRY GOODS AND PASSENGERS.
ADDITIONAL
"WE ARE ALSO CONSIDERING WHETHER, AND IF SO WHAT, MEASURES ARE NEEDED TO ENSURE THE SAFETY OF THE SYSTEM AND TO PREVENT SUCH ACCIDENTS FROM OCCURRING IN FUTURE, THE SPOKESMAN SAID.
"I
MEANWHILE, THE LIGHT RAIL DIVISION OF THE KCRC HAS BEEN REQUESTED TO SUSPEND ALL TRIAL RUNS OF ITS
UNTIL FURTHER
VEHICLES
NOTICE.
15
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