GOVERMENT HOUSE HONG KONG.
FRI 12 NOV 22 08:21
PG.09
CONFIDENTIAL
by the Minister of
Overseas
Development.
But no Minister was
responsible to give them direction, nor were they responsible to
Parliament,
4.
Meanwhile the Crown Agents had Fun into financial
difficulties, and the British Government had to make them
them grants
totalling about $175 million. As a result, the Crown Agents were
formally incorporated as a statutory body under the Crown Agents Act
1979. Under the Act, their financial activities are subject to
Treasury control and directions by the Minister of Overseas
Development, and their annual reports are laid before each House of
Parliament.
5.
A: Member of Parliament, Mr. Richard Luce, has pointed out
that for nearly 150 years, the Crown Agents have expanded and
extended their range of services in the financial, professional,
technical and commercial fields, and that they provide such services
to several British dependencies and To a number of independent
Governments, most of them, if not all, members of the Commonwealth.
He concludes that there is по other organization in the Western
world equivalent to the organization that has grown up in the form
of the Crown Agents.
HONG KONG'S POSITION
6.
The term "Crown Agents" is given statutory meaning in Hong
Kong as the persons or body for the time being acting as Crown
Agents for Oversea Governments
and Administrations
see Cap. 1
No comments yet.
Private notes are available after approval.