TNAG-2395-FCO40-3482-Executive-Council-of-Hong-Kong-memoranda-and-minutes-of-meet-1992 — Page 22

CONFIDENTIAL

FM HONG KONG

TO PRIORITY FCO

TELNO 1798

OF 031025Z JULY 92

16

CONFIDENTIAL

HKA 011/2

17

170515

MDLIAN 6455

HONG KONG TELNO 1619: AT THE PART I MEETING OF THE EXECUTIVE COUNCIL HELD ON 30 JUNE, THE COUNCIL ADVISED AND THE GOVERNOR ORDERED THAT

(A) (MEMORANDUM XCR(92)119 REFERS

THE MULTI-STORY BUILDINGS (COWNERS INCORPORATION) (AMENDMENT) BILL 1992 SHOULD BE INTRODUCED INTO THE LEGISLATIVE COUNCIL:

(B) (XCR(92)121)

THE COMPANIES (AMENDMENT) (NO 2) BILL 1992 AND THE SECURITIES AND FUTURES COMMISSION (AMENDMENT) (NO 2) BILL 1992 SHOULD BE

INTRODUCED INTO THE LEGISLATIVE COUNCIL: AND

(C)

(XCC(92)126)

(I) THE COMMISSIONER FOR CENSUS AND STATISTICS SHOULD CARRY OUT A

STUDY OF THE FEASIBILITY OF COMPILING GNP STATISTICS FOR HONG KONG, INCLUDING ASCERTAINING THE APPROPRIATE METHODS FOR COLLECTING THE NECESSARY DATA, THE ASSOCIATED COSTS TO GOVERNMENT AND THE REPORTING BURDEN ON THE PRIVATE SECTOR: AND

(II) THE OBJECTIVE SHOULD BE TO DETERMINE A MINIMUM-COST APPROACH FOR BOTH GOVERNMENT AND THE PRIVATE SECTOR WHICH WOULD NOT RESULT IN A SIGNIFICANT BURDEN OF ADDITIONAL REPORTING AND WOULD TAKE

INTO ACCOUNT THE SENSITIVITIES INVOLVED IN SEEKING SPECIFIC DATA

ON OVERSEAS INCOME.

WILSON

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