XN000022-1988-10-13 — Page 7

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THURSDAY, OCTOBER 13, 1988

PORT AND AIRPORT DEVELOPMENT STRATEGY FINANCING AND INSTITUTIONAL STUDY

—

A CONSULTANCY AGREEMENT HAS RECENTLY BEEN HONG KONG GOVERNMENT AND SCHRODERS ASIA' LTD.

SIGNED BETWEEN THE

GOVERNMENT

PORT

SCHRODERS WILL UNDER THE AGREEMENT,

THE PROVIDE WITH FINANCIAL ADVICE ON IMPLEMENTING THE RECOMMENDATIONS OF THE

REPORT AND AIRPORT DEVELOPMENT STRATEGY (PADS) STUDY, WHICH IS DUE TO

A GOVERNMENT SPOKESMAN TO THE GOVERNMENT IN THE MIDDLE OF NEXT YEAR, SAID TODAY (THURSDAY).

"SCHRODERS

FORMULATE WILL

PLAN FINANCING

A

FOR THE PADS PUBLIC RECOMMENDATIONS, SEEK TO IDENTIFY THE OPTIMAL DIVISION BETWEEN

PORT PARTICIPATION IN AND PRIVATE

AND SECTOR

FUTURE

AIRPORT INSTITUTIONAL SUITABLE

ARRANGEMENTS FOR DEVELOPMENT, AND ADVISE ON IMPLEMENTING THE PADS RECOMMENDATIONS, THE SPOKESMAN SAID.

GREATEST

HOW

"AS THE PADS STUDY WILL PRODUCE PROPOSALS OF THE VERY SIGNIFICANCE FOR HONG KONG'S FUTURE ECONOMIC AND PHYSICAL DEVELOPMENT,

ADVICE PROFESSIONAL

ON IT IS ESSENTIAL THAT THE GOVERNMENT HAS

PROPOSALS CAN BEST BE FUNDED, SO THESE MAJOR DEVELOPMENT

ΤΟ AS

AND

THE BURDEN ON MINIMISE MAXIMISE GOVERNMENT'S FINANCIAL RESOURCES."

PRIVATE SECTOR INVOLVEMENT

THE FINANCIAL CONSULTANTS WILL WORK UNDER THE FINANCIAL SECRETARY,

CONTROL OF THE

CLOSELY WITH THE THEIR STUDY WILL BE A 10-MONTH ONE, WORKING

TO REPORT

THE FINANCIAL PADS CONSULTANTS AND AIMING TO

SECRETARY, CONCURRENT WITH PADS, IN THE MIDDLE OF NEXT YEAR.

-

OVERALL WASTAGE RATES IN GOVERNMENT NOT NEARLY AS HIGH AS IN PRIVATE SECTOR

* * *

NEARLY AS THE

THE OVERALL WASTAGE RATES IN THE GOVERNMENT ARE NOT

THE PRIVATE SECTOR, SAID HIGH AS THEY ARE UNDERSTOOD TO BE IN SECRETARY FOR THE CIVIL SERVICE, MR HARNAM GREWAL, TODAY (THURSDAY).

THE HONG WHICH

SPEAKING AT THE OPENING OF THE ANNUAL CONFERENCE OF KONG INSTITUTE OF PERSONNEL MANAGEMENT, MR GREWAL CITED FIGURES

SIDE WHEN HE SAID WERE ON THE LOW COMPANIES IN THE PRIVATE SECTOR.

COMPARED

WITH

THOSE

FOR LARGE

ANNUAL RESIGNATION

BEEN

THE "TAKING THE CIVIL SERVICE AS A WHOLE,

HAS IT RATE 10 YEARS AGO WAS ABOUT THREE PER CENT. TWO PER CENT DURING THE PAST FEW YEARS, HE SAID.

"

LESS THAN

/"AT THE