TNAG-1221-FCO40-1531-Annual-address-by-Sir-Edward-Youde--Governor-of-Hong-Kong--t-1983 — Page 38

9.

(c) Work of the Legislative Council

So far as this Council is concerned, there were many

important pieces of legislation which came before the Council

during the last session. Amendments to the Companies Ordinance, the Insurance Companies Ordinance and the Protection

of Investors Ordinance provided for the better regulation of

our increasingly important financial and service industries.

The Landlord and Tenant (Consolidation) (Amendment) Ordinance

revised the form of rent controls.

Hong Kong

Kong Baptist

new framework for the

The

The

College Ordinance established а administration of the College as a publicly funded college of

higher education. The Employees Compensation (Amendment)

Ordinance introduced a new system for the assessment and

settlement of compensation claims by employees. Kowloon-Canton Railway Corporation Ordinance transformed the Railway from a Government department into an independent corporation; and the Public Finance Ordinance provided for the first time a statutory framework for the control and management

of the public finances.

10.

Major items of legislation which I expect to come

before the Council for consideration during this session

include amendments to the Banking and Deposit-taking Companies

Ordinances to improve the framework of regulation of these institutions. There will be legislation to regulate the hire purchase and outbound travel industries; to provide improved

sickness and severance pay benefits for employees; to

establish a second polytechnic, the City Polytechnic of Hong

Kong; to amend the Crown Lands Resumption Ordinance to provide

for certain additional payments when

when land is acquired for a

public purpose; and to revise and update Hong Kong's law property and conveyancing.

on

/(2) ECONOMIC