XN000022-1988-08-05 — Page 6

5

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FRIDAY, AUGUST 5, 1988

INCREASED ALLOWANCES FOR OMELCO, DB MEMBERS

THE FINANCE COMMITTEE HAD APPROVED

INCREASES IN

THE WITH

MONTHLY

EFFECT

MAXIMUM ALLOWANCES FOR OMELCO AND DISTRICT BOARD MEMBERS FROM OCTOBER 1 THIS YEAR.

FOR OMELCO

MEMBERS, THE

ALLOWANCE

WILL

BE

INCREASED

FROM

$21,300 BY $2,300 TO $23,600.

FOR DISTRICT BOARD MEMBERS, THE ALLOWANCE WILL BE $6,400 BY $700 To $7,100.

RAISED FROM

THE

INCREASES WEREPROPOSED BETWEEN JUNE LAST YEAR AND MAY.

THESE INCREASES

CLERICAL SECRETARIAL, ENTERTAINMENT EXPENSES.

TO

INCREASES REFLECT

IN

COSTS

AND

INVOLVED SUCH ITEMS AS AND EXPENSES, OFFICE

OFFICE RENTAL, AND TRAVELLING

--

AN ADDITIONAL ANNUAL THE INCREASE IN ALLOWANCES WILL LEAD TO

MEMBERS AND EXPENDITURE OF $5,048,400

$1,407,600 FOR OMELCO $3,640,800 FOR DISTRICT BOARD MEMBERS.

THE MONTHLY MAXIMUM ALLOWANCES FOR OMELCO MEMBERS WERE LAST REVISED IN OCTOBER LAST YEAR.

AND

DISTRICT BOARD

BOARD OF PLASTICS TECHNOLOGY CENTRE MEETS

THE HONG KONG PLASTICS TECHNOLOGY CENTRE COMPANY LIMITED HELD ITS FIRST BOARD MEETING TODAY (FRIDAY) AND ELECTED MR DAVID DA SILVA AS ITS FIRST CHAIRMAN.

DR JOHN CLARK, DIRECTOR OF THE HONG KONG POLYTECHNIC, THE VICE-CHAIRMAN.

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SPEAKING AFTER THE MEETING, MR DA SILVA EXPLAINED CENTRE WOULD AIM TO HELP THE LOCAL PLASTICS INDUSTRY CHALLENGES POSED BY RAPIDLY EVOLVING TECHNOLOGY AND COMPETITION FROM OVERSEAS.

BRCOMES

THAT THE MEET THE INCREASED

THE BOARD DECIDED TO OFFER APPOINTMENT TO DR FRANCIS CHAN AS THE CENTRE'S CHIEF EXECUTIVE.

/DR CHAN