TUESDAY, OCTOBER 9, 1979
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THE FINANCIAL POSITION OF THE COMPANY, HE SAID, WOULD BE MONITORED AND WITH THE FULL AGREEMENT OF THE COMPANY FINANCING AND ANNUAL TARIFF AND AUDITING REVIEWS WOULD BE JOINTLY CARRIED OUT TO CHECK ESTIMATES AND PROJECTIONS IN ORDER TO DETERMINE WHETHER ANY ADJUSTMENTS TO TARIFFS WERE JUSTIFIED.
UNDER THE SCHEME, EITHER PARTY MAY REQUEST THE MODIFICATION OF ANY OF THE TERMS AT FIVE YEARLY INTERVALS. DURING THE FINAL THREE YEARS OF THE AGREEMENT, DISCUSSIONS WILL BE INITIATED ON A REVISION AND EXTENSION OF THE SCHEME.
THE SPOKESMAN ALSO CONFIRMED THAT STEPS ARE BEING TAKEN BY THE POWER COMPANIES ON BOTH SIDES OF THE HARBOUR TO ESTABLISH INTER-CONNECTION BETWEEN SYSTEMS OF THE TWO COMPANIES.
THIS WOULD HELP TO DEFER THE NEED FOR TARIFF INCREASES ON A LONG TERM BASIS AS SAVINGS COULD BE ACHIEVED IN FUEL COSTS AS A RESULT OF THE MORE EFFICIENT UTILISATION OF GENERATING PLANT AND A DEFERMENT IN REQUIREMENTS FOR GENERATING MACHINERY, THE SPOKESMAN SAID.
ALL PARTY GROUP OF MPS TO VISIT HK
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AN ALL PARTY GROUP OF BRITISH MEMBERS OF PARLIAMENT WILL BE VISITING HONG KONG AT THE INVITATION OF THE HONG KONG GOVERNMENT BETWEEN OCTOBER 22 AND 27.
THE PARTY WILL CONSIST OF SIR PAUL BRYAN (CONSERVATIVE), CHAIRMAN OF ANGLO-HONG KONG PARLIAMENTARY GROUP, MR. IAN WRIGGLEWORTH (LABOUR), VICE CHAIRMAN OF ANGLO-HONG KONG PARLIAMENTARY GROUP, MR. TED ROWLANDS (LABOUR) AND MR. CHRISTOPHER PATTEN (CONSERVATIVE).
A GOVERNMENT SPOKESMAN SAID THE PRIME PURPOSE OF THEIR VISIT WILL BE TO FAMILIAR ISE THEMSELVES WITH HONG KONG'S REFUGEE SITUATION,*
+HOWEVER, ANYONE WISHING TO MAKE AN APPOINTMENT TO SEE THEM SHOULD CONTACT THE PROTOCOL OFFICE ON TELEPHONE 5-95212 AND THE REQUEST WILL BE PASSED ON TO THE MP'S CONCERNED,✦ HE ADDED.
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