HONG KONG LEGISLATIVE COUNCIL 11 May 1988
1345
Affirmation
Miss Elaine CHUNG Lai-kwok made the Affirmation of Allegiance.
Papers
The following papers were laid on the table pursuant to Standing Order 14(2):
Subject
L.N. No.
Subsidiary Legislation:
Merchant Shipping Act 1979 (Hong Kong) Order 1980
Merchant Shipping (Liability of Shipowners and Others) (Rate of Interest) (Hong Kong) Order 1988
139/88
Inland Revenue Ordinance
Inland Revenue (Interest Tax) (Exemption) (Amendment) (No. 4) Notice 1988
140/88
Tax Reserve Certificates (Fourth Series) Rules
Tax Reserve Certificates (Rate of Interest) (No. 3) Notice 1988.. 141/88
Sessional Papers 1987-88:
No. 57 The Prince Philip Dental Hospital Hong Kong-Report by the Board of Governors for the period 1 April 1986- 31 March 1987
No. 58-Kowloon-Canton Railway Corporation Annual Report
1987
No. 59 Report of the Finance Committee on the Draft Estimates
of Expenditure 1988–89
Addresses by Members presenting papers
Kowloon-Canton Railway Corporation Annual Report 1987
FINANCIAL SECRETARY: Sir, in accordance with section 4(5) of the Kowloon- Canton Railway Corporation Ordinance, the annual report and accounts of the Kowloon-Canton Railway Corporation for the year ending 31 December 1987 are tabled today.
1987 was a successful year for the Kowloon-Canton Railway Corporation. Profitability improved substantially and all revenue generating activities showed healthy growth. A net profit of $276 million was achieved. This was more than