XN000022-1993-06-09 — Page 26

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WEDNESDAY, JUNE 9, 1993

AT PRESENT, 59 PER CENT OF THE MARK SIX LOTTERY PROCEEDS GO TO PRIZES, 30 PER CENT TO GENERAL REVENUE, 3.5 PER CENT TO THE LOTTERIES FUND, AND 7.5 PER CENT TO THE JOCKEY CLUB TO COVER ITS COSTS IN OPERATING THE LOTTERY.

LOTTERIES FUND WITH

INCREASED ALLOCATION WILL PROVIDE THE ADDITIONAL INCOME OF ABOUT $55 MILLION A YEAR AT TODAY'S PRICES.

SOCIAL

"IT REPRESENTS A FURTHER BOOST FOR THE FUNDING OF WELFARE AND REHABILITATION SERVICES ON TOP OF LAST YEAR'S CAPITAL INJECTION BY THE GOVERNMENT OF $2.3 BILLION.

"TAKING INTO ACCOUNT ALL FORESEEABLE COMMITMENTS, THE LOTTERIES FUND IS EXPECTED TO HAVE A HEALTHY BALANCE OF ABOUT $685 MILLION IN MONEY OF THE DAY BY 1996-97," MR TSANG SAID.

HE NOTED THAT AS IT WAS IMPOSSIBLE TO BACKDATE THE REALLOCATION ΤΟ SEPTEMBER 13 LAST YEAR BY A RESOLUTION OF THE COUNCIL, THE CLUB WOULD PAY THE RELEVANT AMOUNT TO THE LOTTERIES FUND IN THE FORM OF A DONATION.

THE MARK SIX IS THE ONLY LOTTERY LICENSED UNDER THE BETTING DUTY ORDINANCE.

COMPUTER CHIPS TO COME UNDER PROTECTION

LAYOUT DESIGNS

OF

A BILL THAT SEEKS TO PROTECT THE OWNERS OF INTEGRATED CIRCUITS AGAINST INFRINGEMENT OF THEIR RIGHTS WAS INTRODUCED INTO THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

.

MOVING THE SECOND READING OF THE LAYOUT-DESIGN (TOPOGRAPHY) OF INTEGRATED CIRCUITS BILL, THE SECRETARY FOR TRADE AND INDUSTRY, MR T H CHAU, SAID THE AIM WAS TO ENCOURAGE TECHNOLOGY TRANSFER AND INVESTMENT IN THE INTEGRATED CIRCUIT INDUSTRY.

HE SAID INTEGRATED CIRCUIT DEVELOPERS WOULD ONLY INVEST SUBSTANTIALLY IN, OR TRANSFER TECHNOLOGY TO, THOSE JURISDICTIONS WHERE ADEQUATE PROTECTION WAS PROVIDED.

ON

THE BILL ALSO SEEKS TO REFLECT THE INTERNATIONAL CONSENSUS THE NEED TO PROTECT LAYOUT-DESIGNS AS LAID DOWN IN THE WASHINGTON TREATY 1989 AND THE DRAFT AGREEMENT ON TRADE-RELATED ASPECTS OF INTELLECTUAL PROPERTY RIGHTS BEING NEGOTIATED UNDER THE URUGUAY ROUND OF GATT.

T

[T WILL SERVE TO DEMONSTRATE TO THE INTERNATIONAL COMMUNITY OUR COMMITMENT TO THE PROTECTION OF LAYOUT-DESIGNS, MR CHAU SAID.

TT

UNDER THE BILL, A LAYOUT-DESIGN WILL BE PROTECTED AUTOMATICALLY UPON ITS CREATION AND UPON FIRST COMMERCIAL EXPLOITATION.

/THE TERM