G.S. 166
XCC(79)70
機密
CONFIDENTIAL #2
Financial implications
22
As student numbers are expected to be reasonably constant over the period 1979 - 1988, so are the annual financial implications for the three transport companies which will have to readjust their financial arrangements under the proposed policy. For the year 1979, on the basis of a straightforward ratio of the subsidy contributed to the companies in 1978 and the students in each category, the amounts received by these companies from Government will be approximately as follows:
CMB
KMB
HKT
Total
$ m
$ m
$ m
$ m
12
15th birthday
4.5
15.4
0.6
20.5
•
12 - 16th birthday
5.0
17.0
0.7
22.7
12 onwards
7.7
26.1
1.0
34.8
1978 total turnover
138.8
333.5
not
available
10.0 in 1977)
23
These are very rough figures but give an idea of the amount
of revenue involved. If anything they are over-estimates of actual costs
as :
(a)
(b)
(c)
in the case of the two bus companies, Government considers that the present system includes an element of overpayment to the companies for trips not made;
if students who would otherwise enjoy the subsidy opt to travel by other means this will mean that bus spaces, which are much in demand, are released for other full-fare passengers.
zoning should reduce the need for student travel.
Implications of the proposed policy for the transport companies
24
The policy will have no effect on those companies which already provide subsidies up to the level recommended (in particular HYF). Additionally it is not proposed to require maxicabs or licensed ferry services, both of which are generally run as small concerns, to grant concessions (although it is proposed that the Commissioner for Transport should in future positively encourage operators to do so). Companies which will be affected are CMB, KMB, HKT and NLB.
CONFIDENTIAL
機密
CONFIDENTIAL 機密
XCC(79)70