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APPENDICES
APPENDIX NO. 3
EXTRACT OF PARAGRAPH 4 OF THE SCHEDULE TO THE 'STAR' FERRY COMPANY (SERVICES) ORDINANCE NO. 41 OF 1951
Fares and charges Appendix 1
4. (1) The fares and charges which may be taken by the Company shall be those specified in Appendix 1, or such other fares and charges as may from time be fixed by the Governor-in-Council as fair and reasonable having regard as well to the Company as to the general public.
(2) If by reasons of a material change of economic or financial conditions or of any other circumstances affecting the ferry service, the fares and charges for the time being authorized are, in the opinion of the Company, no longer reason- ably remunerative, and the Governor-in-Council upon the request of the Company fails to authorize increased fares and charges to an amount as would, in the opinion of the Company be reasonably remunerative, the question shall be sub- mitted to arbitration, and the Company may charge such increased fares and charges as may be decided upon arbitration to be reasonable, having regard to any change of economic and financial conditions, or other circumstances affecting the service: Provided that the Governor-in-Council may at any time, if in his opinion a further change of economic or financial conditions or other circum- stances shall have occurred affecting the ferry service and rendering such increased fares and charges unduly high, call upon the Company to make such reduction in the fares and charges as in the opinion of the Governor-in-Council is reason- able, and if the Company fails to make such reduction voluntarily, the matter shall be referred to arbitration and the fares and charges which the Company shall thereafter be entitled to charge shall be fares and charges as shall have been decided upon arbitration to be reasonable, having regard to such further change of economic or financial conditions or other circumstances affecting the service.
(3) Whenever under the last preceding sub-paragraph the Governor-in- Council is of opinion that an increase in fares and charges may be authorized by him or that he would be justified in calling upon the Company to reduce the fares and charges, the Governor may instead vary the rate of royalty in such manner as he may consider reasonable but so that any such variation shall not increase the amount of royalty payable under paragraph 5.