-
- 3
x.c.
from the Fund more recurrent costs but this was
felt to be inappropriate since additional
recurrent expenditure almost invariably involved
a permanent commitment.
l.c
cmp/s.c.
l.c.
l.c
Stet.
But
The Secretary has undertaken to monitor
carefully the finances of the Lotteries Fund to
ensure that they are maintained at a level
the
adequate to meet/requirements of capital expenditure
and social welfare field.
Mr. Hui has also suggested that the
Jockey Club absorbs the operating costs of the
lotteries, do not think this suggestion would
be fair to the Club. The Lotteries Board will continue to monitor the accounts of the club to
Sir,
ensure that the costs incurred are reasonable.
But I do not think it is reasonable to suggest that it should absorb the total operating cost of running the lottery.
summary this Bill will introduce a
welcome degree of stability into the Lotteries
Fund and should provide the latter with higher
level of income.
a much
Sir, I beg to move.
No comments yet.
Private notes are available after approval.