WEDNESDAY, DECEMBER 6, 1989
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EXCO APPROVES SPORTS DEVELOPMENT BOARD BILL
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THE GOVERNOR IN COUNCIL HAS GIVEN APPROVAL TO A BILL SEEKING TO ESTABLISH THE HONG KONG SPORTS DEVELOPMENT BOARD (SDB) ON APRIL 1, 1990.
THE DECISION FOLLOWED CONSULTANCY REPORT, "THE WAY CONSULTANT, MR EMLYN JONES.
PUBLIC CONSULTATION ON THE AHEAD" PREPARED BY THE UK
SPORTS
SPORTS
THE RECENTLY FORMED PROVISIONAL SPORTS DEVELOPMENT BOARD, CHAIRED BY MR WILLIAM PURVES, WILL BE RESPONSIBLE FOR ALL THE PREPARATORY WORK то ESTABLISH THE STATUTORY SPORTS DEVELOPMENT BOARD. IN ADDITION, IT HAS TAKEN OVER THE FUNCTIONS OF THE COUNCIL FOR RECREATION AND SPORT.
STRENGTHEN
THE MAJOR TASK OF THE BOARD WILL BE TO FORMULATE AN OVERALL DEVELOPMENT STRATEGY FOR SPORTS AND PHYSICAL RECREATION, SPORTS ADMINISTRATION, IMPROVE COACHING, ENHANCE THE TRAINING OF TALENTED ATHLETES AND AT THE SAME TIME SUPPORT SPORTS PROMOTION THE DISTRICT LEVEL.
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THE BOARD WILL BE AN AUTONOMOUS
CORPORATION WITH INDEPENDENT
APPROACH
STATUS. IT WILL SEEK TO ADOPT A FLEXIBLE AND IMAGINATIVE SPORTS PROMOTION AND FUNDING.
TO
THE BILL WILL BE GAZETTED IN DUE COURSE.
FINAL REPORT ON INVESTIGATION SUBMITTED TO FS
THE FINANCIAL SECRETARY, SIR PIERS JACOBS, IN EXERCISE OF THE POWER CONFERRED ON HIM BY SECTION 143(1)(C) OF THE COMPANIES ORDINANCE, APPOINTED MR MARVIN CHEUNG IN JUNE 1989 AS INSPECTOR то INVESTIGATE CERTAIN MATTERS RELATING TO THE AFFAIRS OF JADEMAN (HOLDINGS) LIMITED,
A LIMITED INVESTIGATION HAS NOW BEEN CONCLUDED AND THE INSPECTOR HAS SUBMITTED A FINAL REPORT TO THE FINANCIAL SECRETARY. AN INTERIM REPORT WAS SUBMITTED TO THE FINANCIAL SECRETARY ON AUGUST 15.
AS THE REPORTS CONTAIN FACTS WHICH MAY HAVE A BEARING ON OR PERTAIN TO CURRENT OR FUTURE COURT PROCEEDINGS, IT IS NOT APPROPRIATE TO PUBLISH THE REPORTS,
IN ACCORDANCE WITH SECTION 146(3)(A) OF THE COMPANIES ORDINANCE, A COPY OF EACH REPORT HAS BEEN FORWARDED TO THE COMPANY ITS REGISTERED OFFICE.
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