PAH 1
R&R pl.
HONG KONG GOVERNMENT
NFORMATION SERVICES
DAILY INFORMATION
BULLETIN
Honday, November 23, 1964
56
147
PUBLIC RECORD OFFICE
REFERENCE
CO 1030/1558
CROEN CUPYRKIET REPRODUCED WITHOUT PERMISSION
NOT TO E
Government has approved a project assounned today by the China Light
and Power Co., Ltd, and Boso Standard Eastern for the formation of a new
Joint elasticity gearsting company. It is initially planned to bare a
capacity of 720 negaratta additional to China Light's existing installations, at a capital cost of approximately 8500 million (exsinding sayital required. for expansion of China Light's distribution system). alectricity
generated da to be distributed through thina Light's system and the fuel sil
equirements of shina light and of the now company
be supplied by Jaso
scomptases
new Company of the normal statutory obligationa
at market prloss, Governme approval is subject to the
jointly by China Light
of a public utility franchise.
à sebace of financial control to apply to
operations of China
new nompany has been agreed between Goreziment and the
Its objects are to limit the soupentas' disposable profite to zounamahla
reman on their equity capital mile providing adequate incentives towards
efficiency and expansion; in pertimilar to emure that the benefits from
capital for expansion which is obtained from additional profita acurso
primarily te
companies have undertak
to subsoriba
sapital over a period of pears, and Goremment has accepted the suspen
future ongi, tal requirements of the combined undertakings
present rates of growth are so great tha
provided by
of additional profits.
some part may also properly be
It is estimated that capital
/required
..