7
lo
157
Government's policy regarding the two railway
corporations is to require these bodies to run their own
affairs according to prudent commercial principles within the
terms of their Ordinances. They are both governed by a Board
of Directors comprising a broad range of members of the
community, with Government official participation to ensure the
necessary control and guidance. These corporations both have
the authority to make decisions on fares having regard to their
capital investment programmes, operating costs and passenger
demand.
These factors guarantee that fares will not be so high
as to be socially unacceptable or so low that they lead to
losses. The Boards of Directors also provide an effective
check, while the Governor in Council may if necessary give directions to the Corporations in the public interest.
the Government's
therefore remains our view that, as long as they remain
le
It
government corporations, sufficient controls already exist over
them and there is no need to subject them to further controls
as suggested by Mr. Chan Ying-un.
16.
Finally,
Sir,
"
a few words on sites for parking container trucks
vehicles, a point on which some Members have expressed
fully
concern. Government is well aware of this need.
isetty
A recent
survey suggests that 20 hectares of land is dedicated to
container parking at present, and that seen simply in terms of
area, this should be adequate. However, the sites are
scattered throughout the territory and are clearly not ideal
from the point of view of the operators.
Short-term tenancy
seft.