XN000022-1996-10-23 — Page 9

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An independent, statutory Board called the Post-Release Supervision Board will be appointed by the Governor to administer the scheme.

The Board will consider each eligible prisoner's case to determine whether he should be granted early release subject to supervision, and if so, make a supervision order specifying the conditions and length of supervision.

The spokesman emphasised that the supervision period under this scheme would not be longer than the remitted part of the prisoner's sentence granted under the current penal system.

"Since the original sentence imposed by the court would not be increased, the period of supervision is not an extension of the prisoner's sentence," he said.

"Rather, it may be viewed as an alternative method, in the form of after-care supervision, of completing the punishment set by the court."

The new scheme will be applicable to prisoners serving sentences of six years or more and those prisoners sentenced to two years or more for specific types of offences, such as triad-related offences, sexual offences and crimes of violence.

End

Land Registry Trading Fund achieved $46.2M profit

The Land Registry Trading Fund recorded a very successful year of operation achieving a net profit of $46.2 million for the year ended March 31, 1996.

This represented an annual rate of return of 14.7 per cent on average net fixed assets, as compared with the target of 10 per cent.

The figures were released in the third Annual Report of the Land Registry Trading Fund tabled by the Secretary for Planning, Environment and Lands, Mr Bowen Leung, in the Legislative Council today (Wednesday).

"This record performance enables the Land Registry to continue to invest in capital intensive information technology projects which will bring about improved services at reduced costs," the Land Registrar and General Manager of the Land Registry Trading Fund, Mr Kenneth Pang, said in the report.