AGENDA FOR FINANCE COMMITTEE MEETING

TO BE HELD ON FRIDAY, 16 DECEMBER 2005, AT 2:30 P.M.

Declaration of interest : Please refer to Rule 84(3) of the Rules of Procedure of the Legislative Council for rules regarding pecuniary interest to be disclosed.

Item No.Subject
1.FCR(2005-06)34RECOMMENDATIONS OF THE PUBLIC WORKS SUBCOMMITTEE MADE ON 23 NOVEMBER 2005

(This item seeks approval of the recommendations of the Public Works Subcommittee made at its meeting held on 23 November 2005.)

2.FCR(2005-06)35LOAN FUND
HEAD 274 - TOURISM
New Subhead "Loan for the Ocean Park Redevelopment Plans"

(This item invites members to approve the creation of a new subhead "Loan for the Ocean Park Redevelopment Plans" under Head 274 Tourism of the Loan Fund for the provision of a $1,387.5 million subordinated loan to the Ocean Park Corporation (OPC), and the guarantee by the Government of a $1,387.5 million commercial loan of the OPC and interest of not exceeding $700 million arising therefrom for OPC to proceed with the Redevelopment Plans of the Ocean Park; and the deletion of Subhead 111 "Ocean Park Lowland Redevelopment Fund" under Head 274 of the Loan Fund.)

(In attendance : The Commissioner for Tourism/the Assistant Commissioner for Tourism/the Deputy Secretary for Financial Services and the Treasury (Treasury) (2)/the Principal Economist/the Chairman of the Board, Ocean Park Corporation/the Chief Executive, Ocean Park Corporation/the Executive Director, Ocean Park Corporation)

(Discussed by Economic Services Panel on 28 November 2005)

3.FCR(2005-06)36Head 170 - SOCIAL WELFARE DEPARTMENT
Subhead 179 Comprehensive social security assistance scheme
Subhead 180 Social security allowance scheme

(This item invites members to approve revised rates of standard payments under the Comprehensive Social Security Assistance Scheme and the Disability Allowance under the Social Security Allowance Scheme with effect from 1 February 2006 to take account of inflation; and note the financial implications of rate adjustment estimated at $57 million in annually recurrent expenditure.)

(In attendance : The Deputy Secretary for Health, Welfare and Food (Elderly Services and Social Security/the Deputy Director of Social Welfare (Administration)/the Principal Assistant Secretary for Health, Welfare and Food (Elderly Services and Social Security)/the Chief Social Security Officers of Social Welfare Department/the Senior Statistician of Social Welfare Department)

(Discussed by Welfare Services Panel on 14 November 2005)

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