XN000022-1989-04-27 — Page 21

19

THURSDAY, APRIL 27, 1989

HE POINTED

FOR MARRIED

THAT

CLUMSY CLAW

BACK

OUT THAT THE SEPARATE ASSESSMENT COUPLES WOULD SURELY ADD COMPLICATIONS TO THE TAX STRUCTURE AND THE GOVERNMENT SHOULD GET PROVISION NOW.

RATHER RID OF THE

COMMENTING

WONG

ON HONG

OTHER KONG COMPANIES

ΤΟ RELOCATING

PLACES, MR

1997 AND FEAR SAID: "THE GENUINE

RELATING TO

ABOUT IN THEREAFTER IS SOMETHING THAT WE CANNOT DIRECTLY DO ANYTHING THIS CHAMBER.'

"HOWEVER WE

CAN

ASSIST IN TWO AREAS

то

AVOID

THIS

MORALE

DAMAGING SHIFT,

"FIRSTLY, WE CAN LOOK AT THE COMPANIES ORDINANCE IN THE AREA OF SHARES A COMPANY BEING ABLE TO ASSIST SOMEONE ELSE TO ACQUIRE ITS OWN

ITS OR THE USE OF TREASURY STOCK WHICH INDEED ALLOWS A COMPANY TO BUY OWN SHARES.

"MUCH WORK HAS ALREADY BEEN DONE AND AGREED IN PRINCIPLE BY THE IT SHOULD BE LAW REFORM COMMISSION AND THE PROFESSIONAL BODIES AND RELATIVELY EASY TO BRING THAT FORWARD ONTO THE LEGISLATIVE PROGRAMME.

WE

CAN

*

GIVE AN ASSURANCE "SECONDLY,

THAT IT IS NOT THE

FOR PATENT INTENTION, NOR IS

LETTERS IT FEASIBLE UNDER THE

A OF

HONG TAX LEGISLATURE TO

THE GENUINE OFFSHORE EARNINGS ENTERPRISE OR GROUP, HE SAID.

THIS KONG

"THIS MESSAGE MUST ALSO BE GOT ACROSS TO THE DRAFTERS BASIC LAW, HE ADDED.

ON

H

ENVIRONMENTAL

WONG PROTECTION, MR

OF THE

WELCOMED GOVERNMENT'S PROPOSAL TO SPEND HK$10 BILLION OVER THE NEXT TEN YEARS ON CLEANING UP THE ENVIRONMENT.

BUT HE WOULD LIKE TO BE INFORMED OF A CLEAR AND CONCISE ACCOUNT WHY THE ADMINISTRATION OF HOW THE $10 BILLION WOULD BE SPEND AND THOUGHT IT WAS ADEQUATE.

BUDGET ON THE

HOSPITAL FOR

SERVICES, INCREASE FOR THE WAS THREE PER CENT

MR WONG, COMMENTING CRITICISED AS MISERLY, THE PROPOSED NINE PER CENT HOSPITAL SERVICES DEPARTMENT FOR 1989-90, WHICH MORE THAN THE 1988-89 INCREASE OVER THE PRECEEDING YEAR.

"WITH INFLATION OF AT LEAST 7.5 PER CENT FOR 1988, WHICH I KEEP MR WONG SAYING IS UNDERSTATED, THAT IS HARDLY ANY INCREASE AT ALL, SAID.

"I AM GRATEFUL THAT THIS IS THE LAST YEAR THAT THE BUDGET OUR HOSPITALS WILL BE TACKLED IN THIS WAY," HE SAID.

HOSPITAL

FOR

AUTHORITY, IN

HOSPITAL AUTHORITY

HE POINTED OUT THAT THE PROVISIONAL WHICH HE WAS A MEMBER, WERE MAKING PLANS FOR THE WHICH HE HOPED WOULD BE SUBMITTED BY THE END OF THIS YEAR.

/WE ARE