M (90) 9
104
(b) When announcing the fare increase, publicity
should
emphasize the consultancy study being
conducted into the management of CMB.
DECISION
The Council ADVISED and the Governor ORDERED
that
-
(a) under section 13 (1) of
Services Ordinance, the
scale, at Annex A to
the Public Bus
proposed fare
the memorandum,
should be approved to take effect on
18 March 1990;
(b)
was
CMB should be advised that this approval
in expectation that interest
accruing from their pension fund would
be applied, with immediate effect, to
the fund rather than to shareholders;
and
(c)
an
in-depth review
of
monopolistic
franchises in
the
transport
sector
should be
undertaken
and a report
submitted to the Governor.