XN000022-1991-04-17 — Page 49

WEDNESDAY, APRIL 17, 1991

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JUBILEE SPORTS CENTRE RENAMED

THE JUBILEE SPORTS CENTRE WAS RENAMED THE INSTITUTE FROM APRIL 1 THIS YEAR.

HONG KONG SPORTS

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THIS WAS STATED BY THE SECRETARY FOR HOME AFFAIRS THE HON PETER TSAO, WHEN HE INTRODUCED THE JUBILEE SPORTS CENTRE (AMENDMENT) BY-LAWS 1991 IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

JUBILEE SPORTS

MR TSAO POINTED OUT THAT SECTION 24 OF THE CENTRE ORDINANCE (CAP. 309) PROVIDED THAT THE JUBILEE SPORTS CENTRE BOARD MIGHT, UNDER ITS COMMON SEAL, MAKE BY-LAWS CONSISTENT WITH THE JUBILEE SPORTS CENTRE ORDINANCE, AND THAT SUCH BY-LAWS SHOULD BE SUBJECT TO THE APPROVAL OF THE LEGISLATIVE COUNCIL.

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"THE JUBILEE SPORTS CENTRE (AMENDMENT) BILL 1991 WAS PASSED BY THIS COUNCIL ON MARCH 13, 1991, AS A RESULT OF WHICH THE JUBILEE SPORTS CENTRE HAS BEEN RENAMED THE HONG KONG SPORTS INSTITUTE WITH EFFECT FROM APRIL 1, 1991, HE SAID.

MR TSAO ADDED THAT

CONSEQUENTIAL AMENDMENTS TO THE JUBILER SPORTS CENTRE BY-LAWS WERE REQUIRED IN ORDER TO REFLECT THE CHANGE NAME.

OF

HE ALSO SAID THE OPPORTUNITY WAS ALSO TAKEN TO UPDATE THE POST TITLE OF "GENERAL MANAGER" OF THE CENTRE TO "CHIEF EXECUTIVE".

BILL TO EFFECT FEE RISE FOR BANKS AND DTC'S

LICENCE

SEEKS TO GIVE LEGISLATIVE THE BANKING (AMENDMENT) BILL 1991 EFFECT TO THE PROPOSALS IN THIS YEAR'S BUDGET TO INCREASE THE

AND DEPOSIT-TAKING AND REGISTRATION FEES OF RESTRICTED LICENCE BANKS COMPANIES BY 40 PER CENT.

MOVING THE SECOND

READING

THE

THE

OF

ADMINISTRATION

THE LEGISLATIVE

THE SECRETARY,

HON OF

SIR

THE

OF THE BILL IN FINANCIAL COUNCIL, TODAY (WEDNESDAY),

COST PIERS JACOBS, SAID IN 1989-90, LICENCES WAS UNDER-RECOVERED BY 30 PER CENT.

"THE PROPOSED 40 PER

CENT

INFLATION RATE IN 1990," HE SAID.

INCREASE TAKES INTO ACCOUNT

THE

YIELD AN

ESTIMATED

AND THERE WERE

WOULD

SIR PIERS SAID THE INCREASES ADDITIONAL $13 MILLION IN THE CURRENT FINANCIAL YEAR NO STAFFING IMPLICATIONS.

DEBATE ON THE BILL WAS ADJOURNED.

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