Jurong Town Corporation (Amendment) Bill

by deleting subsection (1) and substituting the following subsections:“(1) The Corporation shall consist of —

a Chairman; and

not fewer than 4 and not more than 11 other members to be appointed by the Minister with the President’s concurrence under Article 22A(1)(b) of the Constitution.(1A) The Minister may, with the President’s concurrence, appoint one of the members of the Corporation as Deputy Chairman.”; and

by deleting the word “month” in subsection (3) and substituting the words “2 months”.

The functions of the Corporation are —

to develop and manage sites, parks, estates, townships and other premises for industries and businesses in Singapore or elsewhere;

to provide facilities to enhance the operations of industries and businesses including social amenities for the advancement and the well-being of persons living and working in such sites, parks, estates and townships or otherwise; and

to participate in overseas ventures and developments which the Corporation has the expertise to engage or undertake in.(2) The Corporation shall have power to do anything for the purpose of the discharge of its functions under this Act or which is incidental or conducive to the discharge of those functions and in particular, and without prejudice to the generality of the foregoing, may —

act in combination or association with other persons or organisations for the discharge of any of its functions;

promote the carrying on of any activities for the discharge of its functions by other persons or organisations;

purchase, acquire or lease any land and premises required for the purpose of the discharge of its functions under this Act;

sell or lease land and premises for the purpose of the discharge of its functions under this Act upon such terms as the Corporation may determine;

provide technical, managerial and other specialist services for industrial, business and other development and build up a corps of engineering, managerial and other specialist staff to provide such services;

prepare and execute proposals, plans and projects for the erection, conversion, improvement and extension of any building for sale, lease, rental or other purpose;

provide and maintain housing accommodation including convalescent or holiday houses for employees of the Corporation, provide and maintain for those employees clubs and playing fields and provide educational facilities for them; grant loans to those employees or to act as guarantor for loans taken by them, to enable them to purchase their own houses, furniture, fittings, home appliances and vehicles; and award scholarships or give loans to those employees to obtain professional, technical or other training;

sell or lease flats, houses or other living accommodation and land for the housing of persons living and working in industrial and business sites, parks, estates and townships;

provide loans on mortgage at such interest as may be prescribed to enable persons, other than employees of the Corporation, to purchase any flat, house or building which is used or intended to be used solely for the purpose of human habitation;

with the written approval of the Minister, form or participate in the formation of a company or companies or enter into any joint venture or partnership in Singapore or elsewhere;

with the written approval of the Minister, grant loans to any company in which the Corporation or any of its subsidiary companies holds any shares;

with the written approval of the Minister and the President, guarantee the repayment of loans given to any company in which the Corporation or any of its subsidiary companies holds any shares; and

provide and maintain adequate and efficient port services and facilities in the Jurong Port.”.

mortgage;

charge, whether legal or equitable, on any property vested in the Corporation or on any revenue receivable by the Corporation under this Act or any other written law; and

debentures, stocks, bonds or other instruments or securities issued by the Corporation,and the Corporation may, with the like approval or direction, fix such rates of interest and such terms, conditions and periods to secure the repayment of the sums borrowed as it thinks fit.”.

The chief financial officer of the Corporation shall prepare the financial statements in respect of each preceding financial year and submit them to the Corporation’s auditor who shall audit and report on them to the Minister and the President.(2) The Corporation’s auditor shall state in his report of his audit whether —

the financial statements show fairly the financial transactions and the state of affairs of the Corporation;

proper accounting and other records have been kept; and

the receipt, expenditure and investment of moneys and the acquisition and disposal of assets by the Corporation during the year have been in accordance with the provisions of this Act and the Constitution.(3) The Corporation’s auditor shall report on any other matter arising from the audit as he considers necessary.”.

The Corporation shall, not later than 8th September in each year, unless the Minister otherwise authorises in writing, furnish to the Minister a report of its functions during the preceding year.(2) The Minister shall cause a copy of every such report to be presented to Parliament.”.

The Corporation shall have the exclusive right to the use of —

the symbols which are set out in the Schedule; and

such other symbol as it may devise or adopt from time to time and thereafter display or exhibit in connection with its activities or affairs.(2) The Corporation shall publish the symbol referred to in subsection (1)(b) in the Gazette.(3) Any person who uses a symbol identical with, or which so resembles, any of the Corporation’s symbols as to or be likely to deceive or cause confusion, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000 or to imprisonment for a term not exceeding 6 months or to both.(4) Nothing in this section shall be construed to authorise the Corporation to use any symbol which any person has acquired the exclusive right to use the same under the Trade Marks Act [Cap. 332] or otherwise.”.