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(b) the Government will consider monitoring the RHKJC's election arrangements for its Board of Stewards as well as its policy on revenue allocation, so as to ensure that its decisions are in keeping with the interest and expectation of the public?
Answer
Mr President,
The Royal Hong Kong Jockey Club (RHKJC) is a limited company incorporated under the Companies Ordinance. Its Memorandum and Articles of Association prescribes (i) its organisational structure and (ii) the electoral arrangements for its Boards of Stewards. The RHKJC publishes annual reports and accounts which reveal (iii) the distribution of its financial income and (iv) the allocation of its revenue for public and charity purposes. In the light of the above, my reply to (a) is yes. Regarding the details in respect of (iii) and (iv) for the past three years, Honourable Members may refer to the annual reports and accounts published by the RHKJC.
Regarding (b), as mentioned in (a) above, the RHKJC is a limited company incorporated under the Companies Ordinance. The Government will not consider monitoring the RHKJC's election arrangements for its Board of Stewards. As regards its policy on revenue allocation, there have been and will continue to be consultations between the RHKJC and the Government on the former's allocation of funds for charitable and community projects to ensure that its decisions are in keeping with the interest and expectation of the public.
End/Wednesday, December 14, 1994
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