12.
WEDNESDAY, JULY 21, 1976
THE NORTH POINT TO KWUN TONG VEHICULAR SERVICE STARTED OPERATION ON JULY 1, 1974 AND THE MONTHLY FEE OF $100,000 BECAME PAYABLE FROM JULY 1, 1976.
IN 1975, THE SERVICE SUSTAINED A LOSS OF $82,500 BUT THE COMPANY HAD INDICATED TO THE GOVERNMENT THAT IT WOULD BE PREPARED TO CONTINUE OPERATING IT FOR THE TIME BEING IN THE INTEREST OF THE PUBLIC IF THE GOVERNMENT WOULD EXEMPT IT FROM PAYING THE MONTHLY FEE OF $100,000 FROM JULY 1, 1976, MR. ARMSTRONG-WRIGHT SAID.
+THERE IS NO DOUBT THAT, IF THE MONTHLY FEE WERE TO BE ENFORCED ON THIS SERVICE, THE COMPANY WOULD RESPOND BY APPLYING FOR A TERMINATION OF THE SERVICE,+ MR. ARMSTRONG-WRIGHT SAID.
THIS, HE ADDED, WOULD RESULT IN MOST VEHICLES DIVERTING TO THE CROSS-HARBOUR TUNNEL, ADDING TO THE CONGESTION OF THE ROAD SYSTEMS AT BOTH ENDS.
AT THE SAME TIME, THE COMMUNITY WOULD ALSO LOSE A USEFUL ADJUNCT TO THE CROSS-HARBOUR VEHICULAR FACILITIES AND THE PROSPEC- TIVE FEE WOULD BE LOST TO GENERAL REVENUE.
+ IT IS THEREFORE PROPOSED THAT THE MONTHLY FEE SHOULD BE WAIVED IN ORDER TO ENSURE THAT THIS VEHICULAR SERVICE IS MAINTAINED, HE SAID, THE TRANSPORT ADVISORY COMMITTEE SUPPORTS THE PROPOSED EXEMPTION OF THE MONTHLY FEE.+
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