TNAG-1362-FCO40-1808-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1985 — Page 189

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levels of permitted return, are intended to deal with

different operating and financial requirements of the

various companies. To give an example, a power company

investing billions of dollars in a new power station has

different financing requirement from a company offering

baggage handling facilities at the airport.

a

10.

Mr So has referred to the number of persons

engaged in the monitoring process. This point is dealt

with in the consultants' report in relation to the

monitoring of the power companies, which, Members will

recollect, has been published. The consultants make it

clear that the monitoring organisation consists not only

of the Financial Monitoring Unit but also the Electrical &

Mechanical Services Department and certain divisions of

the Economic Services Branch. Whilst the Financial

Monitoring Unit comprises the five officers, mentioned by

Mr So, there are others in the Electrical & Mechanical

Services Department who also play an important role as do

members of the Economic Services Branch. As to other

public utilities a number of departments and branches such

also involved.

The

as the Post Office and Transport are

point made by the consultants is that the arrangements

should be formalised to a greater degree and that the

co-ordination should be more effective.

in staff may be needed.

A modest increase

/11. Mr So