XN000022-1992-04-08 — Page 30

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WEDNESDAY, APRIL 8, 1992

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HE SAID THE PURCHASER MAY HAVE SIGNED THE PROVISIONAL AGREEMENT ON THE STRENGTH OF THE INFORMATION CONTAINED IN THE SALES BROCHURE AND OTHER PUBLICITY MATERIAL, WHICH MIGHT NOT SPECIFY THE SALEABLE AREA, AND HE WOULD ONLY BE ABLE TO CHECK THE SPECIFIC LAYOUT PLAN OF THE UNIT AND THE SALEABLE AREA WHEN HE HAD TO SIGN THE FORMAL AGREEMENT FOR SALE AND PURCHASE.

"IT MAY THEN BE DIFFICULT FOR THE PURCHASER ΤΟ WITHDRAW FROM THE PURCHASE WITHOUT LOSING THE DEPOSIT PAID," MR EASON SAID.

HE SAID IF THE INFORMATION PROVIDED BY THE VENDOR AMOUNTED ΤΟ MISREPRESENTATION, THE PURCHASER MIGHT SUE FOR DAMAGES AND RECOVERY OF HIS DEPOSIT.

"IN PRACTICE, HOWEVER, THE COST OF LITIGATION AND THE NERD TO OBTAIN THE NECESSARY EVIDENCE TO PROVE THAT MISREPRESENTATION EXISTED MIGHT DETER THE PURCHASER FROM TAKING LEGAL PROCEEDINGS," MR EASON ADDED.

CHANGES TO APPROVED ESTIMATES OF EXPENDITURE TABLED

A SUMMARY OF ALL CHANGES MADE TO THE APPROVED ESTIMATES OF EXPENDITURE FOR THE SECOND QUARTER OF THE FINANCIAL YEAR

1991-92 WAS TABLED IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

EXPLAINING THE SUMMARY OF CHANGES, THE ACTING SECRETARY FOR THE TREASURY, MR BRIAN JENNEY, SAID THE SUPPLEMENTARY PROVISION OF $811.9 MILLION WAS APPROVED.

"IT WAS FULLY OFFSET EITHER BY SAVINGS UNDER THE SAME OR OTHER HEADS OF EXPENDITURE OR BY THE DELETION OF FUNDS UNDER THE ADDITIONAL COMMITMENTS SUBHEADS, MR JENNEY SAID.

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THIS INCLUDED $407.3 MILLION FOR THE VOCATIONAL TRAINING COUNCIL TO TAKE OVER THE RESPONSIBILITY FOR VOCATIONAL TRAINING FOR THE DISABLED AND THE STATUTORY APPRENTICESHIP SCHEME.

DURING THE PERIOD, NON-RECURRENT COMMITMENTS WERE INCREASED $20.7 MILLION, NEW NON-RECURRENT COMMITMENTS OF $110.9 MILLION WERE APPROVED AND APPROVED NON-RECURRENT COMMITMENTS OF $32.9 MILLION WERE REVOTED.

MR JENNEY ALSO NOTED THAT A NET INCREASE OF 229 POSTS WAS APPROVED IN THE SAME PERIOD.

'ITEMS IN THE SUMMARY HAVE BEEN APPROVED EITHER BY FINANCE COMMITTEE OR UNDER DELEGATED AUTHORITY.

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THE LATTER HAS BEEN REPORTED ΤΟ THE FINANCE COMMITTEE IN ACCORDANCE WITH SECTION 8(8)(A) OF THE PUBLIC FINANCE ORDINANCE, KE ADDED.

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