TNAG-1642-FCO40-2289-Public-finance-in-Hong-Kong-Supplementary-Appropriation-(198-1987 — Page 260

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

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Date:

Time:

28.11.86

8. 30 12.30

Reporter: PMS

accrued to the Tourist Association for their expenditure purposes,

is that it?

195

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SES:

That is correct. Sorry, minus a contribution

towards the cost of collection which is about three quarters of a

6 million dollars a year.

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MR CHEONG:

What was the total collected last year?

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11 million.

SES:

In '85-86 the total collected was HK$111.7

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MR CHEONG:

HK$111.7 million, so less about one million.

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SES:

Three quarters of a million.

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MR CHEONG:

So, would the

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CHAIRMAN:

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SES:

HK$111 million?

HK$111 million in '85-86.

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MR CHEONG:

HK$111 million.

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CHAIRMAN:

And plus HK$5.6 million Government subvention

so their operating budget for that year is almost HK$117 million, is

that correct?

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SES:

MR CHEONG:

Their revenue.

Plus the HK$5.6 million final contribution

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from general revenue, making a total of HK$117.3 million.

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CHAIRMAN:

Yes.

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SES:

Less the three quarters of a million for

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