XN000022-1991-04-04 — Page 6

THURSDAY, APRIL 4, 1991

5

INCREASE IN SEVERANCE PAYMENT UNDER INSOLVENCY FUND PROPOSED

* *

EFFECT

SEVERANCE

TWO BILLS ARE GAZETTED TODAY (THURSDAY) SEEKING TO GIVE

GOVERNMENT'S TO THE

PROPOSAL ΤΟ EXTEND THE COVER FOR PAYMENT UNDER THE PROTECTION OF WAGES ON INSOLVENCY FUND.

THE BILLS ARE THE PROTECTION OF WAGES ON INSOLVENCY (AMENDMENT) BILL 1991 AND THE BUSINESS REGISTRATION (AMENDMENT) BILL 1991.

CHANGES,

FROM

EXPLAINING THE BACKGROUND TO THE PROPOSED LEGISLATIVE

LAST REVIEW

YEAR, IT WAS A GOVERNMENT SPOKESMAN SAID FOLLOWING A DECIDED THAT SUCH SEVERANCE PAYMENT COVERAGE SHOULD BE INCREASED THE CURRENT MAXIMUM OF $4,000 PER APPLICANT TO $8,000 AND 50 PER OF THE AMOUNT IN EXCESS OF $8,000.

"IT WAS ALSO DECIDED THAT THE COST OF SUCH IMPROVEMENT FINANCED BY AN ADDITIONAL LEVY OF $150 ON EACH REGISTRATION CERTIFICATE AND BRANCH REGISTRATION CERTIFICATE.

BE

CENT

SHOULD

BUSINESS

WHILE "TWO AMENDMENT BILLS ARE NECESSARY.

THE PROTECTION OF WAGES ON INSOLVENCY (AMENDMENT) BILL 1991 SEEKS TO RAISE THE LIMIT OF

THE EMPLOYEES' SEVERANCE PAYMENT COVERAGE UNDER

THE BUSINESS FUND,

THE LEVY ON REGISTRATION (AMENDMENT) BILL 1991 PROPOSES TO INCREASE EACH BUSINESS REGISTRATION CERTIFICATE AND BRANCH REGISTRATION CERTIFICATE FROM $100 TO $250 PER ANNUM, THE SPOKESMAN SAID.

"

BOARD

HE ADDED THAT THE PROTECTION OF WAGES ON INSOLVENCY FUND

THE LEGISLATIVE AND THE LABOUR ADVISORY BOARD HAD BEEN CONSULTED AND PROPOSALS WERE MET WITH GENERAL SUPPORT.

THE

BILLS TWO

ARE EXPECTED ΤΟ

BE

INTO INTRODUCED

THE

LEGISLATIVE COUNCIL ON MAY 8.

GIRL GUIDE MOVEMENT COMMENDED

* * * * *

LADY WILSON THIS (THURSDAY) EVENING COMMENDED THE MOVEMENT FOR UP-BRINGING THOUSANDS OF YOUNG GIRLS TRAINING AND CAMARADERIE OFFERED.

GIRL GUIDE THROUGH VARIOUS

ADDRESSING THE HONG KONG GIRL GUIDES ASSOCIATION (HKGGA) CANTONESE OPERA CHARITY SHOW, LADY WILSON SAID HKGGA HAD IMPORTANT AND HIGHLY-RESPECTED ORGANISATION AND VERY MUCH DESERVED THE COMMUNITY'S SUPPORT.

BECOME

AN

SHE ALSO NOTED THAT GIRL GUIDING HAD COME A LONG WAY SINCE FIRST STARTED IN HONG KONG 75 YEARS AGO.

IT

/"I AM