TNAG-1733-FCO40-2446-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 269

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SPEECH BY THE HONOURABLE THE FINANCIAL SECRETARY IN LEGISLATIVE COUNCIL : WEDNESDAY 15 JUNE 1988

PUBLIC FINANCE (AMENDMENT)

(AMENDMENT) BILL 1988

He said :

Sir,

I move that the Public Finance (Amendment) Bill

1988 be read the second time.

Cap

2

X.

le

The

Legislative Council will be dissolved on

25 August 1988. There is some doubt whether cer

certain

decisions made by the Finance Committee under the Public

Finance Ordinance, from the date of dissolution, will as a

matter of law continue to have effect. If they do not

continue to have legal effect, the normal conduct of the

Government's financial business would be disrupted. This

applies particularly to

to the delegation of power under

section 8(3) to the Financial Secretary to make changes to

the approved estimate of expenditure.

5.

It is therefore proposed that the Public Finance

Ordinance should be amended to make it clear that decisions

of the Finance Committee

shall continue to have legal

effect after the dissolution of the Legislative Council.

adjourned.

Sir, I move that the debate on

the debate on this motion be now

Question on adjournment proposed, put and agreed to.