XN000022-1990-12-05 — Page 2

COMMISSIONER OF INSURANCE AN EX-OFFICIO

MEMBER OF HKECIC ADVISORY BOARD

THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY) PASSED

EX-OFFICIO

THAT IT APPROVES THAT THE REGISTRAR

GENERAL'S

A RESOLUTION MEMBERSHIP BOARD

OF THE HONG KONG EXPORT CREDIT INSURANCE CORPORATION'S ADVISORY TO BE TAKEN OVER BY THE COMMISSIONER OF INSURANCE WHO HAD STATUTORY RESPONSIBILITY OVER AND EXPERTISE IN THE INSURANCE INDUSTRY.

AND GENERAL CLAUSES MOVING A MOTION UNDER THE INTERPRETATION

SIR PIERS JACOBS, SAID ORDINANCE, THE FINANCIAL SECRETARY, THE HON

THE

OF HAD BEEN AGREED

COMMISSIONER IN CONSULTATION WITH THE REGISTRAR CORPORATION,

GENERAL AND THE COMMISSIONER OP

THIS THE

INSURANCE.

HONG

OF 10(2) ORDINANCE,

ΤΟ SECTION SIR PIERS EXPLAINED THAT ACCORDING

THE THE INSURANCE CORPORATION KONG EXPORT CREDIT

GENERAL CORPORATION'S ADVISORY BOARD SHOULD CONSIST OF THE "REGISTRAR

DIRECTOR, HỒNG KONG TRADE OR HIS REPRESENTATIVE" AND THE EXECUTIVE

EX-OFFICIO MEMBERS AND DEVELOPMENT COUNCIL OR HIS REPRESENTATIVE AS NOT MORE THAN 10 OTHER MEMBERS TO BE APPOINTED BY THE GOVERNOR.

ALL. THE REGISTRAR GENERAL'S POSITION IN THE ADVISORY BOARD HAD

BY THE PREVIOUS INSURANCE ALONG BEEN FILLED

AUTHORITY UNDER THE REGISTRAR GENERAL'S DEPARTMENT, HE SAID.

SIR PIERS SAID THE CHANGE WAS MADE FOLLOWING A RECENT OF REORGANISATION OF THE REGISTRAR GENERAL'S DEPARTMENT WHEN THE WORK

NEWLY-ESTABLISHED THE INSURANCE AUTHORITY HAD BEEN TRANSFERRED TO THE OFFICE OF THE COMMISSIONER OF INSURANCE BRANCH SINCE JUNE THIS YEAR.

UNDER THE MONETARY AFFAIRS

SCHEDULE AMENDMENT ON MAXIMUM CHARGES BY HK TELEPHONE APPROVED

THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY) PASSED A RESOLUTION THAT UNDER SECTION 26(2) OF THE TELEPHONE ORDINANCE IT APPROVED ΤΟ AMEND THE SCHEDULE OF MAXIMUM CHARGES THAT MAY BE LEVIED BY THE HONG KONG TELEPHONE COMPANY.

THE SECRETARY FOR MAJOR ITEMS IN THE EXCHANGE LINE RENTAL

MOVING A MOTION TO AMEND THE SCHEDULE, ECONOMIC SERVICES, THE HON ANSON CHAN, SAID THE PROPOSED TARIFF REVISION WERE THE INCREASES IN CHARGES.

MRS CHAN SAID THE RESOLUTION WOULD INCREASE OF AN ORDINARY EXCHANGE LINE FOR BUSINESS USE FROM FOR A RESIDENTIAL EXCHANGE LINE FROM $48 TO $56.

THE $70

MONTHLY COST то $78, AND

/"THE PROPOSED

-