XN000022-1991-06-26 — Page 17

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WEDNESDAY, JUNE 24, 1991

DUTIABLE COMMODITIES BILL INTRODUCED

*

THE

DUTIABLE

COMMODITIES

TO

SEEKS BILL 1991 (AMENDMENT)

DUTIABLE COMMODITIES ORDINANCE

REPLACE THE WORDS "LIGHT OIL" OF THE WITH "HYDROCARBON OIL".

PIERS JACOBS, (WEDNESDAY)

IN THE

THIS WAS STATED BY THE FINANCIAL SECRETARY, SIR WHEN MOVING THE SECOND READING OF THE BILL TODAY LEGISLATIVE COUNCIL.

OF THE

SIR PIERS EXPLAINED THAT THE REPLACEMENT IN SECTION 69

OF HYDROCARBON OIL SUITABLE AND ORDINANCE WAS TO EMBRACE ALL TYPES INTENDED FOR USE AS AIRCRAFT FUEL.

HE SAID THE CHEMICAL

CHANGED IN RECENT YEARS.

COMPOSITION

OF JET

AIRCRAFT

FUEL

HAD

THE BULK OF

AIRCRAFT SPIRIT,

BE A UNDER THE

WHICH WAS INTENDED TO DUTIABLE COMMODITY, WAS NO LONGER APPROPRIATELY CLASSIFIED ORDINANCE, THE SECRETARY ADDED.

DEBATE ON THE BILL WAS ADJOURNED.

AMENDMENT BILLS INTRODUCED ON CNTA TRUST FUNDS

* * *

CURRENTLY

AMENDMENT BILLS CONCERNING FOUR TRUST FUNDS ADMINISTERED BY THE CITY AND NEW TERRITORIES ADMINISTRATION WERE INTRODUCED INTO THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

THEY WERE THE GRANTHAM SCHOLARSHIPS FUND (AMENDMENT) BILL 1991, THE BREWIN TRUST FUND (AMENDMENT) BILL 1991. THE SIR ROBERT BLACK TRUST FUND (AMENDMENT) BILL 1991 AND THE LI PO CHUN CHARITABLE FUND (AMENDMENT) BILL 1991.

TRUST

MOVING THE SECOND READINGS OF THE BILLS, THE ACTING FOR HOME AFFAIRS, THE HON ALBERT LAM, SAID THEY PROVIDED FOR APPOINTMENT OF PROFESSIONALS TO MANAGE THE INVESTMENTS OF THE FUNDS.

SECRETARY

THE

THE BILLS ALSO ENABLED THE RESPECTIVE TRUST FUND COMMITTEE TO TRANSACT SOME OF ITS BUSINESS BY CIRCULATION OF PAPERS WHEN NECESSARY, HE SAID.

DEBATES ON THE BILLS WERE ADJOURNED.

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