XN000022-1991-02-27 — Page 9

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WEDNESDAY, FEBRUARY 27, 1991

THE FINANCIAL SECRETARY, THE HON SIR PIERS JACOBS, REMARKS WHEN MOVING THE SECOND READING OF THE BILL IN THE COUNCIL THIS (WEDNESDAY) AFTERNOON.

MADE

THESE

LEGISLATIVE

AGAINST ITS "FOLLOWING A RECENT APPEAL BY A UTILITY COMPANY

THE COMMISSIONER'S RATING ASSESSMENT, DOUBTS WERE RAISED CONCERNING

OF PLANT EXISTING VALUATION PRACTICE WITH REGARD TO THE RATEABILITY SUCH AS CABLES AND DUCTS.

"ACCORDINGLY, A NEW SECTION 8A 19 PROPOSED

DOUBTS, SIR PIERS SAID.

ΤΟ REMOVE THESE

WHEN ANY LAND, AS CABLES, DUCTS,

"SECTION 8A(1) AND (2) SEEK TO PROVIDE THAT BUILDING OR STRUCTURE IS OCCUPIED BY PLANT SUCH PIPELINES OR RAILWAY LINES, BOTH THE LAND, BUILDING OR STRUCTURE THE PLANT SHALL BE VALUED TOGETHER FOR RATING PURPOSES," HE ADDED,

AND

TO THE CONCERNING THE CURRENT VALUATION PRACTICE RELATING

AT GENERATION AND DISTRIBUTION NETWORKS OF UTILITY COMPANIES, HE SAID

COMPRISED MANY PRESENT THE COMMISSIONER VALUED THESE NETWORKS, WHICH SEPARATE COMPONENTS, AS SINGLE RATEABLE UNITS.

"THE LEGAL AUTHORITY FOR DOING SO IS NOT ABSOLUTELY CLEAR.

10 SECTION AMEND "CLAUSE 3 OF THE BILL SEEKS TO

THE COMMISSIONER ORDINANCE TO

THE AUTHORITY OF CLARIFY SEPARATE RATEABLE UNITS AS ONE PROVIDED THEY ARE USED WITH EACH OTHER AND AFFECT THE VALUE OF EACH OTHER,

**

OF THE ΤΟ VALUB IN CONNECTION HE SAID,

IN

THE

THE FINANCIAL SECRETARY SAID THE AMENDMENTS PROPOSED BILL WERE TECHNICAL IN NATURE.

INTENTION WHICH

"HOWEVER, THEY ARE NECESSARY NOT ONLY TO CLARIFY THE

REVENUE RATES ΤΟ ALSO

PROTECT

BUT

OF THE RATING ORDINANCE, MIGHT BE AT RISK IF THE EXISTING LAW IS NOT AMENDED,

HE SAID.

SIR PIERS SAID THE EFFECT ON THE PUBLIC SHOULD BE NEGLIGIBLE.

•

DEBATE ON THE BILL WAS ADJOURNED.

BILL TO EXTEND TENURE OF HEUNG YEE KUK COUNCILLORS

THE TENURE

FOR THE HEUNG YEE KUK (AMENDMENT) BILL 1991 WILL AMEND

YEARS, THE SECRETARY

COUNCIL TODAY OF THE KUK COUNCILLORS FROM THREE TO FOUR HOME AFFAIRS, THE HON PETER TSAO, TOLD THE LEGISLATIVE (WEDNESDAY).

MOVING THE SECOND

READING OF THE

BILL, OF THE

PURPOSE WAS TO CHANGE THE TERM OF OFFICE ORDER TO FIT INTO THE NEW ELECTORAL CYCLE OF THE FOR THE 1991-95 SESSION.

MR TSAO SAID HEUNG YEE LEGISLATIVE

IT'S KUK IN COUNCIL

/"SECTION 5(2)