SUNDAY, OCTOBER 15, 1961
THE LANE OPERATES FROM 7 AM TO 10 AM AND FROM 4 PM TO 7 PM DAILY ALONG THE SOUTHBOUND LANE OF JUNCTION ROAD, BETWEEN DUMBARTON ROAD AND PRINCE EDWARD ROAD.
MR LUI ADDED THAT, IN LINE WITH THE GOVERNMENT'S POLICY OF MAKING THE MOST EFFICILAT USE OF THE LIMITED ROAD SPACE AVAILABLE IN HONG KONG, THE TRANSPORT DEPARTMENT PLANNED TO INTRODUCE OVER THE NEXT 12 MONTHS, A FURTHER 40 TO 50 PUBLIC TRANSPORT PRIORITY SCHEMES NOW BEING STUDIED BY CONSULTANTS.
THE FIRST OF THESE WOULD BE THE POK FU LAM ROAD BUS-ONLY LANE, TO BE INTRODUCED LATER THIS MONTH.
THE 1.2-KILOMETRE LANE, RUNNING NORTH FROM BISNEY ROAD TO POKFIELD ROAD, IS EXPECTED TO TAKE 10 TO 15 MINUTES OFF THE JOURNEY TIMES OF BUSES TRAVELLING BETWEEN THE ABERDEEN-WAH FU AREA AND CENTRAL.
THE LANE WILL OPERATE FROM 7 AM TO 9 AM MONDAY TO FRIDAY.
NEW FIRMS REACH RECORD HIGH
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NEW COMPANIES INCORPORATED IN HONG KONG IN THE 1980-81 FINANCIAL YEAR CAME TO A RECORD TOTAL OF 15 162, AN INCREASE OF 3 255 OVER THE YEAR BEFORE.
AND THE TOTAL AMOUNT OF NOMINAL CAPITAL ROSE BY $1 825 MILLION TO $5 088 MILLION.
DURING THE YEAR, 895 COMPANIES WERE DISSOLVED AND THREE RESTORED, LEAVING A NET INCREASE OF 14 270.
WITH THIS NET INCREASE, THE NUMBER OF COMPANIES ON THE REGISTER AS AT MARCH 31, 1981 STOOD AT 85 133, COMPARED WITH 70 863 ON THE REGISTER IN THE PREVIOUS YEAR.
THE NUMBER OF COMPANIES INCORPORATED OUTSIDE HONG KONG WHICH HAVE ESTABLISHED A PLACE OF BUSINESS HERE INCREASED BY 130 TO 1 433 AT THE END OF 1980-81,
SOME OF THE MAJOR COUNTRIES IN WHICH THESE COMPANIES ARE INCORPORATED INCLUDE THE UNITED STATES (353), THE UNITED KINGDOM (200), JAPAN (162), AUSTRALIA (101), PANAMA (89) AND SINGAPORE (83).
THE FIRMS ARE ENGAGED IN A WIDE VARIETY OF ACTIVITIES INCLUDING IMPORT AND EXPORT, ENGINEERING, INSURANCE, BANKING, SHIPPING, FINANCING, INDUSTRIAL, AIR AND LAND TRANSPORT, LAND AND BUILDING, AND RELIGION.
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