Lawmakers passed a non-binding motion last night calling for a review of the pay adjustment mechanism of the Monetary Authority and other statutory public bodies. The motion was sponsored by Democrat Albert Ho Chun-yan amid criticism senior executives of the bodies had been overpaid. The Kowloon-Canton Railway Corporation was embroiled in a row last month over the pay and perks of its top executives, including club memberships and the use of yachts and chauffeur-driven Mercedes. Chairman Yeung Kai-yin is paid $6.5 million a year. The Monetary Authority spent $3.7 billion to buy an office in Central. Its chief executive, Joseph Yam Chi-kwong, receives $9 million a year. Staff and directors of the Mandatory Provident Fund Scheme Authority received bonuses totalling $7.5 million in September, although the body's Tracker Fund share investments lost $78 million last year. Mr Ho said: 'On one hand, the bodies say they have to operate on prudent commercial principles, but when there are pay cuts and lay-offs in the private sector, the statutory bodies say they have to follow the civil service. 'There are double standards. They enjoy the advantages but shake off the responsibilities.' But he said he was not singling out individual executives. 'I only doubt if these positions deserve to be paid two to three times that of our policy secretaries,' he said. Mr Ho's motion also called for these bodies, including the Airport Authority, the Housing Society and the Urban Authority, to be put under the scrutiny of the Audit Commission. His motion was amended by his colleague Cheung Man-kwong to cover all statutory public bodies. The amendments of Lau Kong-wah, of the Democratic Alliance for the Betterment of Hong Kong, were also passed. They said Legco could ask the heads of these bodies to attend their meetings and answer questions. Chief Secretary for Administration Donald Tsang Yam-kuen rejected the calls, saying pay packages needed to be competitive to attract talent.