3
SATURDAY, MARCH 14, 1981
THE OIL ON BOARD THE STRAITS DAHLIA+ HAD BEEN PURCHASED ON THE SINGAPORE SPOT MARKET ON DECEMBER 11, 1980 AT THE PRICE OF US$241 PER TONNE. THE OIL ON BOARD THE SEA BREEZE WAS PURCHASED FROM A TRADING COMPANY ON DECEMBER 30, 1980 AT US$224.75 PER TONNE. THE PRICES WERE IN LINE WITH MARKET RATES PREVAILING AT THAT TIME.
THE PURCHASES WERE MADE BY OWENSBORD ENTERPRISES LTD., THE COMPANY SET UP BY THE GOVERNMENT WITH THE CO-OPERATION OF THE TWO POWER COMPANIES AND ESSO AND SHELL TO MANAGE A TEMPORARY FLOATING RESERVE OF FUEL OIL FOR ELECTRICITY GENERATION.
THIS OIL WILL BE SOLD TO THE POWER COMPANIES AND DISCHARGED LATER THIS YEAR INTO LAND TANKS WHICH ARE NOW BEING CONSTRUCTED AT THE NEW POWER STATIONS ON LAMMA ISLAND AND AT CASTLE PEAK.
THE SPOKESMAN SAID AS HAD ALWAYS BEEN PLANNED, THE COST OF THE TANKER STORAGE SCHEME WOULD BE MET THROUGH THE FUEL VARIATION CLAUSE, ALTHOUGH THE PURCHASE PRICE OF THE OIL WOULD NOT AFFECT CONSUMERS UNTIL IT WAS BURNT IN THE POWER STATIONS, WHICH MIGHT NOT TAKE PLACE FOR SOME TIME.
HE SAID THE IMPACT OF THE SCHEME ON CONSUMERS' BILLS WOULD BE AN INCREASE EQUIVALENT TO AROUND ONE HALF OF ONE PER CENT.
SNT OPENS SAIL TRAINING CENTRE AT LITTLE PALM BEACH
******
THE GOVERNMENT IS NOW CAREFULLY EXAMINING THE POTENTIAL OF THE WATERS AND COASTLINE OF SAI KUNG PENINSULA TO ENSURE THAT THIS VALUABLE ASSET IS PUT TO THE BEST USE, SECRETARY FOR THE NEW TERRITORIES, MR DAVID AKERS-JONES, SAID TODAY (SATURDAY).
MR AKERS-JONES WAS SPEAKING AT THE OPENING OF THE SAIL TRAINING ASSOCIATION CENTRE AT LITTLE PALM BEACH, PORT SHELTER.
THE ASSOCIATION OPENED A TEMPORARY CENTRE AT TAI KOO SHING IN APRIL, 1979. IT OBTAINED ITS PRESENT SITE, COVERING 1 501 SQUARE METRES, FROM THE GOVERNMENT EARLY LAST YEAR.
THE NEW CENTRE CONSISTS OF FIVE CONVERTED SHIPPING CONTAINERS WHICH SERVE AS OFFICE, CHANGING ROOMS, WORKSHOP, STOREROOM AND TOILETS.
A CLUBHOUSE AND OTHER FACILITIES ARE PLANNED.
THE TOTAL ESTIMATED COST IS $1.5 MILLION WHICH IS BEING MET THROUGH DONATIONS.
THERE ARE 40 SAILING DINGHIES AVAILABLE FOR TRAINING AND CRUISING, WHICH CAN ALSO BE HIRED BY OTHER ORGANISATIONS AND SCHOOLS.
THE CENTRE RUNS INTENSIVE FIVE-DAY COURSES AT ELEMENTARY, INTERMEDIATE, ADVANCED AND INSTRUCTOR LEVELS. OVER THE PAST TWO YEARS, MORE THAN 2 000 PEOPLE HAVE ATTENDED THESE COURSES.
/ANYONE AGED