TNAG-1723-FCO40-2436-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 171

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The financial implications of the proposed

transfer are neutral. The change will increase annual

expenditure under the Capital Works Reserve Fund by about

10

ten per cent. This will be offset by a corresponding

reduction in the General Revenue Account expenditure. The

arrangements proposed have been approved by Finance

Committee.

کھ

The purpose of this motion is to amend the

resolution passed by this Council on 15 May 1985 for the

The

setting up of the Capital Works Reserve Fund.

transfer will be reflected in the draft Capital Works

Reserve Fund estimates for 1988-89, and take effect from

1 April 1988.

بھر

Sir, I beg to move.

Question proposed, put and agreed to.