XN000022-1991-05-22 — Page 9

WEDNESDAY, MAY 22, 1991

QUEEN ELIZABETH FOUNDATION FOR MENTALLY HANDICAPPED BILL INTRODUCED

*

OF THE A BILL WHICH SEEKS TO INCREASE THE MEMBERSHIP

COUNCIL OF THE QUEEN ELIZABETH FOUNDATION FOR THE MENTALLY HANDICAPPED AND TO EMPOWER IT TO APPOINT PERSONS OR INSTITUTIONS TO MANAGE THE INVESTMENT OF THE FOUNDATION'S ASSETS IN ACCORDANCE WITH DIRECTIONS GIVEN BY THE COUNCIL

INTRODUCED INTO THE LEGISLATIVE COUNCIL TODAY ( (WEDNESDAY).

WAS

THE QUEEN ELIZABETH FOUNDATION

MOVED (AMENDMENT) BILL 1991 WAS WELFARE, THE HON ELIZABETH WONG.

BY

FOR THE MENTALLY HANDICAPPED THE SECRETARY FOR HEALTH AND

OR

CLAUSE 2 MOVING THE SECOND READING OF THE BILL, MRS WONG SAID OF THE BILL AMENDED SECTION 5 OF THE PRINCIPAL ORDINANCE TO INCLUDE THE DIRECTOR

EDUCATION OF

AND THE DIRECTOR OF SOCIAL WELFARE THEIR REPRESENTATIVES AS OFFICIAL, MEMBERS OF THE FOUNDATION'S NON-OFFICIAL MEMBERS, COUNCIL, AND TO INCREASE THE MINIMUM NUMBER OF IN ADDITION TO THE

THE THE MEMBER NOMINATED BY HONG KONG JOCKEY CLUB, FROM FIVE TO SEVEN.

CHAIRMAN AND

ROYAL

SHE ALSO POINTED OUT THAT AT PRESENT, AFFAIRS AND THE COMMISSIONER FOR OFFICIAL MEMBERS OF THE COUNCIL.

SECRETARY REHABILITATION WERE

THE

THE

FOR ONLY

HOME

TWO

HOWEVER, A RECENT REVIEW OF THE ACTIVITIES AND PROJECTS SPONSORED BY THE COUNCIL SINCE ITS INCEPTION IN 1988 HAD REVEALED THAT THE MOST OF THEM RELATED CLOSELY TO SERVICES PROVIDED OR SUBVENTED BY SOCIAL WELFARE DEPARTMENT OR THE EDUCATION DEPARTMENT.

THAT THE WITH

IT WAS THEREFORE USEFUL FOR THESE TWO DEPARTMENTS TO BE REPRESENTED ON THE COUNCIL TO ENSURE, AMONGST OTHER THINGS, ACTIVITIES OR PROJECTS SPONSORED BY THE COUNCIL WERE EXISTING AND PLANNED SERVICES, MRS WONG EXPLAINED.

THE

COMPATIBLE

AS THE NUMBER OF OFFICIAL MEMBERS WOULD BE INCREASED ΤΟ FOUR, COUNCIL CONSIDERED IT DESIRABLE FOR THE MINIMUM NUMBER OF NON-OFFICIAL MEMBERS TO BE INCREASED PROPORTIONALLY SO AS TO MAINTAIN THE EXISTING LEVEL OF NON-OFFICIAL PARTICIPATION, SHE ADDED.

MRS ON ASSET MANAGEMENT,

WONG SAID CLAUSE 3 OF THE

AMENDED

OF SECTION 8 (B)

THE

ΤΟ PRINCIPAL ORDINANCE

EMPOWER FOUNDATION'S COUNCIL TO APPOINT PERSONS OR INSTITUTIONS TO MANAGE INVESTMENT OF THE FOUNDATION'S ASSETS IN ACCORDANCE WITH DIRECTIONS OF THE COUNCIL.

BILL

THE

THE

THE

THE

"SECTION 8(B), AS IT NOW STANDS, IMPOSES NO RESTRICTION ON FUND MANAGER'S POWER TO MANAGE AND ADMINISTER THE FOUNDATION'S ASSETS.

"AS A RESULT, THE EXERCISE OF SUCH POWER MAY CONFLICT WITH

DUTIES UNDER COUNCIL'S

SECTION 6(1) TO MAKE DECISIONS ON APPLICATION OF INCOME AND ASSETS," THE SECRETARY NOTED.

THE THE

"TO RECTIFY THIS, I'T IS PROPOSED THAT THE PERSONS OR

THE

INSTITUTIONS APPOINTED BY THE COUNCIL TO MANAGE THE INVESTMENT OF

ACCORDANCE WITH GENERAL OR FOUNDATION ASSETS BE REQUIRED TO ACT IN

WRITING SPECIFIC DIRECTIONS WHICH THE COUNCIL MAY GIVE IN

TIME FROM

TO TIME," SHE SAII}.

DEBATE ON THE BILL WAS ADJOURNED.

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