SPEECH BY THE HONOURABLE THE FINANCIAL SECRETARY IN LEGISLATIVE COUNCIL WEDNESDAY MAY 1988
He said:
Sir,
"
Road Traffic (Driving Licences Regulations and Registration and Licensing of
Vehicles Regulations) (Amendment) Bilf 1988
I move that the Road Traffic (Driving Licences
Regulations and Registration and Licensing
and Licensing of Vehicles. Regulations) (Amendment) Bill 1988 be read a
2 .
second time.
The Bill seeks to give legislative effect to the proposals in this year's Budget to increase the fees for certain driving and vehicle licences with effect from
2nd March 1988. As these fees were last revised in 1987, a 6 increase is proposed. I estimate that this will yield an additional $62 million in the current financial
year.
Cap.
7
57
for
36
Sir, I move that the debate on this motion be
7
adjourned.
Question on adjournment proposed, put and agreed to.
cent