XN000022-1991-04-17 — Page 41

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WEDNESDAY, APRIL 17, 1991

MR TSAO ALSO SAID IT WAS THE GOVERNMENT'S

TO PHASE OUT RENT CONTROLS.

LONG-TERM OBJECTIVE

LEGISLATION HAS "SINCE 1981, AMENDING

BEEN PASSED BY THIS PROGRESSIVELY, COUNCIL, ON AN ANNUAL BASIS, TO RAISE CONTROLLED RENTS

LEVELS AND EVENTUALLY ΤΟ TO BRING THEM CLOSER TO PREVAILING MARKET PERMIT COMPLETE DECONTROL WITHOUT CAUSING SOCIAL OR ECONOMIC PROBLEMS.

BE "THE ANNUAL REVISION EXERCISE IS AGAIN UNDERWAY AND I SHALL INTRODUCING LATER THIS YEAR FURTHER AMENDING LEGISLATION TO ADJUST THE LEVEL OF RENT CONTROLS.

OF

FI

GIVE SOME INDICATION "I HOPE THEN TO BE IN A POSITION TO WHEN TOTAL DECONTROL UNDER PART TWO OF THE ORDINANCE CAN BE ACHIEVED, MR TSAO SAID.

FOR THE

ARTS, MR TSAO PLEDGED THE

TURNING TO THE FUNDING GOVERNMENT'S CONTINUED COMMITMENT TO THEIR DEVELOPMENT.

BEEN FROZEN AT "ALTHOUGH FUNDING FOR THE PERFORMING ARTS HAS

CONTEXT OF A 100 $35 MILLION THIS YEAR, THIS SHOULD BE SEEN IN THE

COUNCIL, PER CENT INCREASE SINCE 1987-88, AND THE FACT THAT THE URBAN

FOR COUNCIL RATHER THAN THE

THE PERFORMING ARTS, NOW FUNDS THE PHILHARMONIC ORCHESTRA.

SUBVENTION FOR GROUPS ARTS INCREASED BY OVER SUPPORTED PROJECTS INDIVIDUAL

"AS A RESULT, DURING THIS SAME PERIOD, SUPPORTED BY THE COUNCIL FOR THE PERFORMING 300 PER CENT AND THE NUMBER OF INCREASED BY OVER 200 PER CENT.

"THIS RAPID RATE OF INCREASE INDEFINITELY," MR TSAO STRESSED.

OF CANNOT

COURSE BE SUSTAINED

ESTABLISHED GROUPS WOULD IN THIS CONTEXT, HE SAID THE EARN MORE INCOME THROUGH BOX-OFFICE RECEIPTS AND SPONSORSHIP, PUBLIC SUPPORT COULD BE EXTENDED TO NEW PERFORMING GROUPS.

NEED 80 THAT

TO

BILL TO EFFECT ON TAX RISE FOR VEHICLES INTRODUCED

*

{ AMENDMENT) BILL THE MOTOR VEHICLES (FIRST REGISTRATION TAX)

YEAR'S 1991 SEEKS TO GIVE LEGISLATIVE EFFECT TO THE PROPOSALS IN THIS

GOODS PRIVATE CARS,

VEHICLES, BUDGET TO INCREASE THE TAX RATES FOR AND MOTOR CYCLES AND MOTOR TRICYCLES TO SERVE FISCAL PURPOSES, AND

TO ADDITION

SERVE TRAFFIC RESTRAINT RESPECT OF GOODS VEHICLES, IN PURPOSES.

IN

JACOBS, SAID THIS COUNCIL

THE FINANCIAL SECRETARY, THE HON SIR PIERS WHEN MOVING THE SECOND READING OF THE BILL IN THE LEGISLATIVE TODAY (WEDNESDAY).

PIERS

SAID

VANS SIR

LIGHT OFTEN BEEN PURCHASED FOR BOTH PRIVATE SOME YEARS.

NOT

EXCEEDING

1.9 TONNES PASSENGER AND GOODS

HAD

USE

FOR

/OWNERS OF