Common Law jurisdictions to sit on it. The independence of the
judiciary and the prosecuting authority, the obligation of the
courts to decide cases in accordance with the law and other
essential aspects of the present system, are clearly provided for.
Section IV: The Public Service
The main objective of the provisions in this section is to ensure
the continuation in Hong Kong of an impartial, stable and effective
public service. It states that serving officers will be able to
continue to serve on terms and conditions no less favourable than
before. Their pensions and benefits will be paid by the SAR
Government on terms no less favourable than before. It also
provides for the continued employment of foreign nationals in all
but the highest positions.
Section V: The Financial System
The key points in this section are that the SAR Government will
determine its own fiscal policy; there will be no requirement to
remit revenue to the Central People's Government; and the present
systems of the accountability to the legislature for all public
expenditure and impartial auditing of public accounts will be
retained.
Section VI: The Economy and External Trade
The key elements in this important section are the provisions for Hong Kong's right to continue to determine its economic policies, including trade policies, according to its own needs; the continuation of its free enterprise system, free trade policies and
the free port; and the continuation of individual rights and
freedoms in economic matters.
Section VII: The Monetary System
This section provides for the continuation of all the essential elements of Hong Kong's monetary system, in particular a freely
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