FUNDING FOR THE SFC
THURSDAY, JANUARY 12, 1989
AS RECOMMENDED BY THE
GOVERNMENT.
BE FUNDED THE
WILL SFC THE SRC, LARGELY BY THE MARKETS BUT ALSO PARTLY BY THE BILL CONTAINS PROPOSALS TO EFFECT THIS RECOMMENDATION.
OF FORM MARKET CONTRIBUTION WILL BE IN THE
AND A STATUTORY CHARGES FOR SPECIFIC SERVICES AND ACTIVITIES PERFORMED LEVEL SFC ON A BROAD COST RECOVERY BASIS
OF PAYMENT TRANSACTIONS RECORDED ON THE TWO EXCHANGES. THE LEVY AND REGULATIONS PROVIDING FOR THE CHARGES WILL BE DETERMINED BY THE EXECUTIVE COUNCIL.
FEES AND
BY LEVY ON OF THE
THE
FEES
AND
GENERAL TO
GOVERNMENT START-UP GRANT, ANNUAL CONTRIBUTION TOWARDS THE SFC TO BORROW FROM FALL RESERVES IF ITS
GOVERNMENT'S CONTRIBUTION WILL BE PAID OUT OF REVENUE AS APPROPRIATED BY THE LEGISLATIVE COUNCIL. SUBJECT
THE OF THE APPROVAL
FINANCE
COMMITTEE,
CONTRIBUTION WILL TAKE THE FORM OF AN INITIAL AN INTEREST FREE ADVANCE AND AN THE SFC'S COSTS, WITH PROVISION FOR
MEASURE, EMERGENCY GOVERNMENT, AS AN BELOW A CERTAIN LEVEL.
FUNDING THE
ARRANGEMENTS AIM
TO STRIKE
ON
THE RIGHT ONE THE
BALANCE BETWEEN THE INTERESTS OF THE MARKET USERS HAND AND THE PUBLIC PURSE ON THE OTHER.
ד
NOMINATION OF CANDIDATES FOR UC/RC ELECTIONS BEGINS TOMORROW
NOMINATION OF CANDIDATES FOR THE
COUNCIL ELECTIONS ON MARCH 9 THIS YEAR WILL AND LAST UNTIL THE END OF THIS MONTH (JANUARY 31).
ANNOUNCING THIS AT A PRESS
URBAN COUNCIL
BEGIN
AND REGIONAL TOMORROW (FRIDAY)
CONFERENCE
TODAY (THURSDAY), CIVIC-MINDED
THE PEOPLE WHO
DEPUTY CHIEF SECRETARY, MR JOHN CHAN, URGED ARE KEEN TO SERVE THE COMMUNITY TO COME FORWARD AS CANDIDATES.
SAID
THE 10
THE IN
MR CHAN TO BE URBAN NINE
OF CANDIDATES, EXPLAINING DETAILS OF THE NOMINATION
CONSTITUENCIES BE 27 SINGLE-SEAT WOULD THERE THAT
ELECTIONS IN COUNCIL URBAN THE FOR
ELECTIONS CONTESTED: 15 DISTRICTS; AND 12 FOR THE REGIONAL DISTRICTS IN THE NEW TERRITORIES.
COUNCIL
/EACH DISTRICT
No comments yet.
Private notes are available after approval.