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in particular in producing our accounts in time and to the satisfaction of the Council and our auditors.
I am very pleased to report that the financial accounts which showed a surplus of $245 million for the year ended 31 March 1989 have been certified as correct by the Director of Audit without qualifications. I do not intend to comment on the results as full details were provided to Members earlier this financial year.
With regard to the current financial year, based on the latest available financial data, a deficit of somewhere around $190 million is to be expected which is realized would reduce the council's reserves to $781 million as at 31 March 1990, which is equivalent to approximately 13 weeks' expenditure.
However, these reserves should not give rise to complacency in view of a number of factors, such as,
(a) rising inflationary trends which Government puts conservatively at 9% to 10%;
(b) increasing expenditure on capital projects; and
(c) a number of major venues to be completed in the coming few years, including the Hong Kong Cultural Centre in 1989-90, the Museum of Science and Technology in 1990-91. This will involve significant recurrent and non-recurrent expenditure.
Mr. Chairman, with these cautionary words I have much pleasure in seconding the motion.
The question was put. The motion was carried unanimously.2.
THE CHAIRMAN, URBAN COUNCIL moved the following motion:- 'RESOLVED that the Urban Council Annual Report 1989 be approved.'
He said (in English):--The Urban Council Annual Report 1989 tabled today covers various aspects of the Council's responsibilities.
Apart from an introductory Chapter, the 168-page Report is in four parts-Culture and the Arts', 'Recreation and Sport', 'Public Health' and 'Administration and Planning.'
There are more than 170 colourful photographs, the largest number so far. Now that a representative from each of the ten district boards has been sitting on the Urban Council since April 1989, ten more portraits and biographies have been added to the Report, making a total of 40.
All the pictures were taken by the photographic staff of the Department's Public Information Unit.
For the benefit of readers who wish to find interesting facts and figures on the Council and the Urban Services Department, the 'Do You Know?' columns have been given a new look.
HONG KONG URBAN COUNCIL
105
Members will be glad to know that the Report will continue to be sold at $20 in spite of inflation. Both the Chinese and English editions record the work of the Council from 1 April 1988 to 31 March 1989.
I so move.
MR. MARVIN K. T. CHEUNG, CHAIRMAN OF THE ADMINISTRATION SELECT COMMITTEE seconded the motion (in English):-Mr. Chairman, happy children ---Hong Kong's greatest asset and hope for the future are shown at play in an Urban Council park on the cover of the Council's 1989 Annual Report.
The Report records many important Council events during the 12-month period ending on 31 March 1989.
Among the Council achievements shown in more than 100 pages of colour are the big event of the year-the completion of the redeveloped Kowloon Park; the building of the Museum of Science and Technology in Tsim Sha Tsui East and Hong Kong Park on the former Victoria Barracks site as well as the Hong Kong Cultural Centre to be opened in November.
The Report also covers the Council's continuous contributions to Hong Kong in the fields of public health, culture and recreation.
I would like to thank the staff of the Urban Services Department, especially those who have dealt with illegal hawkers, cleaned up the city and the beaches as well as other municipal tasks during the past year. Since they have provided invaluable back-up services to the Council, it would have been remiss of me not to have given them due credit.
Mr. Chairman, I have much pleasure in seconding the motion.
The question was put. The motion was carried unanimously.3.
MR. SAMUEL P. W. WONG, CHAIRMAN OF THE RECREATION SELECT COMMITTEE, moved the following motion:
'RESOLVED that the Public Health and Municipal Services (Public Pleasure Grounds) (Amendment of Fourth Schedule) (No. 5) Order 1989 be made under section 106 of the Public Health and Municipal Services Ordinance, Cap. 132.'
He said (in English): As Chairman of the Recreation Select Committee, I rise on the motion standing in my name:-
'RESOLVED that the Public Health and Municipal Services (Public Pleasure Grounds) (Amendment of Fourth Schedule) (No. 5) Order 1989 be made under section 106 of the Public Health and Municipal Services Ordinance, Cap. 132.'
Page 57 of 166
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...
105
Page 57 of 166
Page 57 of 166
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in particular in producing our accounts in time and to the satisfaction of the Council and our auditors.
I am very pleased to report that the financial accounts which showed a surplus of $245 million for the year ended 31 March 1989 have been certified as correct by the Director of Audit without qualifications. I do not intend to comment on the results as full details were provided to Members earlier this financial year.
With regard to the current financial year, based on the latest available financial data, a deficit of somewhere around $190 million is to be expected which is realized would reduce the council's reserves to $781 million as at 31 March 1990, which is equivalent to approximately 13 weeks-expenditure.
However, these reserves should not give rise to complacency in view of a number of factors, such as,
(a) rising inflationary trends which Government puts conservatively at 9%
to 10%;
(b) increasing expenditure on capital projects; and
(c) a number of major venues to be completed in the coming few years, including the Hong Kong Cultural Centre in 1989-90, the Museum of Science and Technology in 1990-91. This will involve significant recurrent and non-recurrent expenditure.
Mr. Chairman, with these cautionary words I have much pleasure in seconding the motion.
|
The question was put.
The motion was carried unanimously.
2.
THE CHAIRMAN, URBAN COUNCIL moved the following motion:- 'RESOLVED that the Urban Council Annual Report 1989 be approved.'
He said (in English):--The Urban Council Annual Report 1989 tabled today covers various aspects of the Council's responsibilities.
Apart from an introductory Chapter, the 168-page Report is in four parts-Culture and the Arts'. 'Recreation and Sport', 'Public Health' and 'Administration and Planning.'
There are more than 170 colourful photographs, the largest number so far. Now that a representative from each of the ten district boards has been sitting on the Urban Council since April 1989, ten more portraits and biographies have been added to the Report, making a total of 40.
All the pictures were taken by the photographic staff of the Department's Public Information Unit.
For the benefit of readers who wish to find interesting facts and figures on the Council and the Urban Services Department, the 'Do You Know?' columns have been given a new look.
HONG KONG URBAN COUNCIL
105
Members will be glad to know that the Report will continue to be sold at $20 in spite of inflation. Both the Chinese and English editions record the work of the Council from 1 April 1988 to 31 March 1989.
I so move.
MR. MARVIN K. T. CHEUNG, CHAIRMAN OF THE ADMINISTRATION SELECT Com- MITTEE seconded the motion (in English):-Mr. Chairman, happy children ---Hong Kong's greatest asset and hope for the future are shown at play in an Urban Council park on the cover of the Council's 1989 Annual Report.
The Report records many important Council events during the 12-month period ending on 31 March 1989.
Among the Council achievements shown in more than 100 pages of colour are the big event of the year-the completion of the redeveloped Kowloon Park; the building of the Museum of Science and Technology in Tsim Sha Tsui East and Hong Kong Park on the former Victoria Barracks site as well as the Hong Kong Cultural Centre to be opened in November.
The Report also covers the Council's continuous contributions to Hong Kong in the fields of public health, culture and recreation.
I would like to thank the staff of the Urban Services Department, especially those who have dealt with illegal hawkers, cleaned up the city and the beaches as well as other municipal tasks during the past year. Since they have provided invaluable back-up services to the Council, it would have been remiss of me not to have given them due credit.
Mr. Chairman, I have much pleasure in seconding the motion.
The question was put.
The motion was carried unanimously.
3.
MR. SAMUEL P. W. WONG, CHAIRMAN OF THE RECREATION SELECT COMMITTEE, moved the following motion:-
'RESOLVED that the Public Health and Municipal Services (Public Pleasure Grounds) (Amendment of Fourth Schedule) (No. 5) Order 1989 be made under section 106 of the Public Health and Municipal Services Ordinance, Cap. 132.'
He said (in English): As Chairman of the Recreation Select Committee, I rise on the motion standing in my name:-
'RESOLVED that the Public Health and Municipal Services (Public Pleasure Grounds) (Amendment of Fourth Schedule) (No. 5) Order 1989 be made under section 106 of the Public Health and Municipal Services Ordinance, Cap. 132.'
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