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LEGISLATIVE
COUNCIL
Meating to be held on Wednesday, 18th May, 1966, at 2.30 p.m.
ORDER OF BUSIERS
CONFIRMATION OF MINUTES OF MEETING HELD ON 4TH MAY.
PAPERS TO BE LAID.
3. QUESTIONS.
(1)Mr. K.&. Watson, pursuant to notice, will ask the following
questions :-
1.
2.
3.
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Are the recent increases in car parking charges part of a plan by Government to tax or price the middle-income motoriat off the road, and restrict motoring to the rich and privileged? If so, how does Government justify this policy?
In the new charges is there any element of profit or surplus over the smount required to ensure that the multi-storey. Car parks are not being subsidised by the taxpayers?
In the case of the Star Ferry and City Hall Car Parks, previous costings gave the annual value of the land as $438,478, whereas the new calculations give a figue of $1,204,000. How does Government account for this discrepancy?
Is it considered that the persons responsible for the previous coatings were incompetent?
J
5. Government, according to its latest figuran, estimates that
the full market value of the land used for the first four dar parks wea #74 million. Is this the value of the land at the time the land was allocated for use as car parks?
6. How much does this estimate work out per square foot for
each car park?
7.
8.
Is it suggested that had this land been sold to private developers these amounts would have been obtained for the normal 75 years (renewable) leases ?
If the buildings are amortised over 25 years at 6%, vày đa a different system used to amortise the value of the land?
9. What is the justification for charging interest at 100%
instead of 687
10.
If the cost of the land is amortised over 13 years, does this mean that land coats will be omitted from calculations after this period?