TNAG-1363-FCO40-1809-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1985 — Page 65

SPEECH BY THE HONOURABLE THE FINANCIAL SECRETARY IN LEGISLATIVE COUNCIL : WEDNESDAY 20 NOVEMBER 1985

Sir,

In accordance. with section 8(8) (b) of the Public

Finance Ordinance, I have tabled for Members' information a

summary of changes made to the approved Estimates of

Expenditure in the second quarter. of the financial year

1985-86.

2.

Supplementary provision of just under $262.5

million was approved, of which $145.8 million were included

in supplementary warrants. Some major provisions included

$198.7 million for the payment of grants to the

Baptist College and Urban

universities,

polytechnics,

Council as a result of the 1985 civil service pay

adjustment; $8.2 million for the construction of the City.

Polytechnic premises and $7.3 million for reimbursement

the English Schools Foundation of rent allowances for

former government teachers and their replacements. It is

reassuring to note that there will be no net increase in

expenditure resulting from the supplementary provision

approved because it has been offset either by savings under

the same or other heads of expenditure or by deletion of

funds under the additional commitments votes.