CUNFIDENTIAL
14
(iii)
(iv)
officers involved in the processing of individual applications play no part in the recommendation process as recommendations are made by me on the advice of the Steering Committee; and
the role played by the Steering Committee minimises the chance of corruption.
Impact of scheme
The scheme was introduced at a time when the people of Hong Kong were suffering from a serious confidence crisis.
34.
35.
The introduction of the Scheme has provided the people of Hong Kong with reassurance at a time when
at a time when they needed it most. Announcement of the Scheme has exerted a stabilising effect on the community. It has also acted as a catalyst, encouraging other countries to implement various insurance schemes specifically for Hong Kong.
Date : 3 February 1992
CONFIDENTIAL
Governor
No comments yet.
Private notes are available after approval.