Akers-Jones seeks compromise; League wants to go all out While the democratic camp wants electoral reforms in 2012 to include a road map to universal suffrage, former chief secretary Sir David Akers-Jones hopes the city can agree on a compromise. Akers-Jones fears the Legislative Council will veto whatever proposals the government puts forward for electoral reform, as it did in 2005. If that happened, the prospect of electing a chief executive by universal suffrage in 2017 could disappear, he said. Meanwhile, the League of Social Democrats says the Democratic Party must take part in its scheme for the citywide resignation of lawmakers to seek universal suffrage or risk shouldering the political consequences. Faster online company service The Companies Registry plans to launch an electronic service in the 2010-11 financial year that will cut the time required to incorporate a company online from four days to less than one, Registrar Ada Chung said. Private sector loses 38,200 jobs There were about 38,200 fewer private-sector jobs in June than a year earlier, according to the Census and Statistics Department. The export and import trade lost the most jobs - 29,900.