XN000022-1994-06-22 — Page 30

WEDNESDAY, JUNE 22, 1994

12

LOCAL COINAGE LAW HELPS SMOOTH TRANSITION

* * *

*

VEST THE ENACTMENT OF A LOCAL COINAGE ORDINANCE BEFORE 1997 TO

ISSUING COINS IN

KONG

WILL GOVERNMENT SECRETARY FOR FINANCIAL

FOR

A ΤΟ

SMOOTH

THE

HONG AUTHORITY CONTRIBUTE

THE TRANSITION, SERVICES, MR MICHAEL CARTLAND, SAID.

MOVING

THE

SECOND

OF THE

1

BILL COINAGE

READING

IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY), MR CARTLAND SAID BOTH THE JOINT TO VEST THE THE BASIC LAW HAD SPECIFIC PROVISIONS DECLARATION AND

ISSUE HONG AUTHORITY TO

THE KONG CURRENCY IN

KONG SPECIAL ADMINISTRATIVE REGION GOVERNMENT.

HONG

THE BILL SEEKS TO VEST THE AUTHORITY FOR THE ISSUE OF LEGAL TENDER COINS IN THE HONG KONG GOVERNMENT.

ΤΟ

"THIS LS NECESSARY BECAUSE THE RELEVANT PROVISIONS ARE NOW STIPULATED IN A UNITED KINGDOM ORDER IN COUNCIL, WHICH WILL CEASE HAVE EFFECT ON JULY 1, 1997," HE SAID.

ALSO BILL THE

MAKES PROVISIONS IN

WITH CONNECTION

THE

DEMONETISATION OF THE ONE CENT CURRENCY NOTE.

ON SURRENDERING GENERAL ONLY

THE HOLDER OF ONE CENT CURRENCY NOTES SHALL, THEM TO THE DIRECTOR OF ACCOUNTING SERVICES, BE PAID FROM THE REVENUE AN AMOUNT IN LEGAL TENDER EQUAL TO THEIR FACE VALUE, BUT 'IN RESPECT OF AMOUNTS IN MULTIPLES OF 10.

DEBATE ON THE BILL WAS ADJOURNED.

0

GOVERNMENT SUPPORTS MOTION ON PUBLIC ACCOUNTABILITY

THE ADMINISTRATION AND THE PUBLIC TRANSPORT OPERATORS WILL SEE CONTINUE TO PURSUE THE OBJECTIVE OF PUBLIC ACCOUNTABILITY, AND TO HOW BEST EXISTING ARRANGEMENTS CAN BE ENHANCED.

IT BUT

MUST BE RECOGNISED THAT TRANSPORT OPERATORS HAVE A LEGITIMATE REASON IN NOT DISCLOSING COMMERCIALLY SENSITIVE INFORMATION.

THIS WAS STATED BY THE SECRETARY FOR TRANSPORT, MR HAIDER BARMA,

TO COMPANIES AT A MOTION DEBATE CALLING FOR PUBLIC TRANSPORT DISCLOSE ALL RELEVANT DATA AND INFORMATION WHEN SEEKING INCREASES IN FARES.

SUPPORTING THE MOTION, MR BARMA SAID AS OVER TO MILLION INDEED PASSENGER TRIPS WERE MADE EVERY DAY, PUBLIC ACCOUNTABILITY WAS REQUIRED TO PROTECT THE INTERESTS OF COMMUTERS.

HOWEVER, HE SAID IT WOULD BE TOTALLY UNFOUNDED AND WRONG FOR ANYONE

THE TO THINK THAT, UP TO NOW, NOTHING HAD BEEN DONE FUTHER ON PART OF THE TRANSPORT OPERATORS OR THE ADMINISTRATION ΤΟ PROVIDE INFORMATION.

/"IN HIS

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