Wednesday, October 16, 1974
28
these would have to be direct Government participation in the
direction of the Companies' affairs through representation on
their Boards of Directors.
The Kowloon Canton Railway:
New passenger rolling stock has been delivered to the
Kowloon-Canton Railway and double-tracking between Hung Hom
and Shatin will commence shortly. A review of the future
development of the railway has been undertaken, and I hope
that these improvements I have referred to will prove to be
only the first steps in establishing it on the one hand
as a modern suburban railway, linking urban Kowloon with the New Territories, and on the other as an improved communication
link with China for freight and passengers alike.
Roads
This year there has been a sharp increase in expenditure
on new roads and the intention is that an average of $350 m.. .
(at 1974 prices) will be spent on roads in each of the next
four financial years, compared with an average of less than
$130 m. during the three preceding years.
All these developments indicate that your Government
is putting a great deal of effort and priority into measures ·
to cope with Hong Kong's growing transport needs, and that
this effort will be continued and intensified in the years to come.
Industrial Land
Hon. Members have frequently urged the need to provide
more land for industry, and for more land-intensive industry as
well as that in high-rise buildings.
This the Government entirely
/accepts.