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Philip Haddon-Cave
Sir Charles Philip Haddon-Cave, , (; 6 July 1925 – 27 September 1999) was a British colonial administrator. He was the Financial Secretary of Hong Kong from 1971 to 1981 and the Chief Secretary of Hong Kong from 1981 to 1985. During his tenure of Financial Secretary, he famously coined the term "positive non-interventionism" as its chief principle, which has long-lasting effect on Hong Kong and world's economic philosophy. Early life and government career Haddon-Cave was born in Hobart, Tasmania, Australia with his brother David and sister Pamela. He was educated at the University of Tasmania and King's College, Cambridge. He joined the British Colonial Service in 1952 was assigned to Kenya, British East Africa. In 1961, he was appointed Financial Secretary in the Seychelles. In 1963, he was transferred to work in the Hong Kong government, working in the Department of Trade and Industry. In 1965, he became the Director of Trade and Industry and was promoted Deputy Secretary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Order Of The British Empire
The Most Excellent Order of the British Empire is a British order of chivalry, rewarding contributions to the arts and sciences, work with charitable and welfare organisations, and public service outside the civil service. It was established on 4 June 1917 by King George V and comprises five classes across both civil and military divisions, the most senior two of which make the recipient either a knight if male or dame if female. There is also the related British Empire Medal, whose recipients are affiliated with, but not members of, the order. Recommendations for appointments to the Order of the British Empire were originally made on the nomination of the United Kingdom, the self-governing Dominions of the Empire (later Commonwealth) and the Viceroy of India. Nominations continue today from Commonwealth countries that participate in recommending British honours. Most Commonwealth countries ceased recommendations for appointments to the Order of the British Empire when they ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
King's College, Cambridge
King's College is a constituent college of the University of Cambridge. Formally The King's College of Our Lady and Saint Nicholas in Cambridge, the college lies beside the River Cam and faces out onto King's Parade in the centre of the city. King's was founded in 1441 by King Henry VI soon after he had founded its sister institution at Eton College. Initially, King's accepted only students from Eton College. However, the king's plans for King's College were disrupted by the Wars of the Roses and the resultant scarcity of funds, and then his eventual deposition. Little progress was made on the project until 1508, when King Henry VII began to take an interest in the college, probably as a political move to legitimise his new position. The building of the college's chapel, begun in 1446, was finished in 1544 during the reign of Henry VIII. King's College Chapel is regarded as one of the finest examples of late English Gothic architecture. It has the world's largest fan vaul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legislative Council Of Hong Kong
The Legislative Council of the Hong Kong Special Administrative Region (LegCo) is the unicameral legislature of Hong Kong. It sits under China's " one country, two systems" constitutional arrangement, and is the power centre of Hong Kong's hybrid representative democracy. The functions of the Legislative Council are to enact, amend or repeal laws; examine and approve budgets, taxation and public expenditure; and raise questions on the work of the government. In addition, the Legislative Council also has the power to endorse the appointment and removal of the judges of the Court of Final Appeal and the Chief Judge of the High Court, as well as the power to impeach the Chief Executive of Hong Kong. Following the 2019–2020 Hong Kong protests, the National People's Congress disqualified several opposition councilors and initiated electoral overhaul in 2021. The current Legislative Council consists of three groups of constituencies—geographical constituencies (GCs), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dividend Tax
A dividend tax is a tax imposed by a jurisdiction on dividends paid by a corporation to its shareholders (stockholders). The primary tax liability is that of the shareholder, though a tax obligation may also be imposed on the corporation in the form of a withholding tax. In some cases the withholding tax may be the extent of the tax liability in relation to the dividend. A dividend tax is in addition to any tax imposed directly on the corporation on its profits. Some jurisdictions do not tax dividends. To avoid a dividend tax being levied, a corporation may distribute surplus funds to shareholders by way of a share buy-back. These, however, are normally treated as capital gains, but may offer tax benefits when the tax rate on capital gains is lower than the tax rate on dividends. Another potential strategy is to for a corporation not to distribute surplus funds to shareholders, who benefit from an increase in the value of their shareholding. These may also be subject to capital g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Tax
An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income. The tax rate may increase as taxable income increases (referred to as graduated or progressive tax rates). The tax imposed on companies is usually known as corporate tax and is commonly levied at a flat rate. Individual income is often taxed at progressive rates where the tax rate applied to each additional unit of income increases (e.g., the first $10,000 of income taxed at 0%, the next $10,000 taxed at 1%, etc.). Most jurisdictions exempt local charitable organizations from tax. Income from investments may be taxed at different (generally lower) rates than other types of income. Credits of various sorts may be allowed that reduce tax. Some jurisdicti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Governor Of Hong Kong
The governor of Hong Kong was the representative of the British Crown in Hong Kong from 1843 to 1997. In this capacity, the governor was president of the Executive Council and commander-in-chief of the British Forces Overseas Hong Kong. The governor's roles were defined in the Hong Kong Letters Patent and Royal Instructions. Upon the end of British rule and the handover of Hong Kong to China in 1997, most of the civil functions of this office went to the chief executive of Hong Kong, and military functions went to the commander of the People's Liberation Army Hong Kong Garrison. The governor Authorities and duties of the governor were defined in the Hong Kong Letters Patent and Royal Instructions in 1843. The governor, appointed by the British monarch (on the advice of the Foreign Secretary), exercised the executive branch of the government of Hong Kong throughout British sovereignty and, with the exception of a brief experiment after World War II, no serious attempt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Dollar
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Dollar
The Hong Kong dollar (, currency symbol, sign: HK$; ISO 4217, code: HKD) is the official currency of the Hong Kong, Hong Kong Special Administrative Region. It is subdivided into 100 cent (currency), cents or 1000 Mill (currency), mils. The Hong Kong Monetary Authority is the central bank, monetary authority of Hong Kong and the Hong Kong dollar. Three commercial banks are licensed by the Hong Kong Monetary Authority to issue their own banknotes for general circulation in Hong Kong. These banks, The Hongkong and Shanghai Banking Corporation, HSBC, Bank of China (Hong Kong), Bank of China, and Standard Chartered Hong Kong, Standard Chartered, issue their own designs of banknotes in denominations of HK$20, HK$50, HK$100, HK$150, HK$500, and HK$1000, with all designs being similar to one another in the same denomination of banknote. However, the HK$10 banknote and all coins are issued by the Government of Hong Kong. As of April 2019, the Hong Kong dollar is the ninth Template:Mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Laissez-faire
''Laissez-faire'' ( ; from french: laissez faire , ) is an economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies) deriving from special interest groups. As a system of thought, ''laissez-faire'' rests on the following axioms: "the individual is the basic unit in society, i.e. the standard of measurement in social calculus; the individual has a natural right to freedom; and the physical order of nature is a harmonious and self-regulating system." Another basic principle of ''laissez-faire'' holds that markets should naturally be competitive, a rule that the early advocates of ''laissez-faire'' always emphasized. With the aims of maximizing freedom by allowing markets to self-regulate, early advocates of ''laissez-faire'' proposed a ''impôt unique'', a tax on land rent (similar to Georgism) to replace all taxes that they saw as damaging welfare by penalizing production. Proponents of ''l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deputy Financial Secretary
Deputy Financial Secretary is a ministerial position in the Government of Hong Kong, deputising the Financial Secretary (Hong Kong), Financial Secretary. The position was created in 2022 after John Lee (government official), John Lee Lee government, took office as Chief Executive of Hong Kong, Chief Executive. History Deputy Financial Secretary was created by 1945 during the British colonial rule. The position was renamed to Secretary for the Treasury in 1989. In 2022, John Lee (government official), John Lee, after being selected as the new Chief Executive, decided to install the position of Deputy Financial Secretary. The position was officially revived on 1 July 2022 after his cabinet took office. Role The Deputy Financial Secretary's primary responsibility is to assist the Financial Secretary in coordinating formulation and implementation of cross-bureaux/departmental policies and supervising the policy bureaux under his charge. The Deputy Financial Secretary also assists ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade And Industry Department
The Trade and Industry Department of the Hong Kong Government is responsible for supporting traders and small businesses in the global market. History The Imports and Exports Department was renamed the Commerce and Industry Department in 1949. It was subsequently reorganised and renamed the Trade, Industry and Customs Department and later the Trade Department. It remerged with part of the Industry Department in respect of general support for the industry sector and small and medium enterprises, and renamed Trade and Industry Department in 2000. The remainder of the disestablished Industry Department was reorganised into the Innovation and Technology Commission. Responsibilities The Department promotes trade through intra- and international agreements, such as the Closer Economic Partnership Arrangement with Mainland China. It provides resources to local businesses looking to expand overseas. To fulfil its duties, the Department estimated expenditure of HK$802,446,000 in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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