THURSDAY, APRIL 29, 1962
HE ADDED THAT UNDER THESE CIRCUMSTANCES, WE MIGHT NEED TO CONSIDER OTHER SOURCES OF FINANCE, AND IN THIS CONTEXT SEEK AGAIN TO INVOKE OUR BORROWING RIGHTS WITH THE BANK, WHILE BEARING IN MIND THE BANK'S OBLIGATIONS TO THE REGION AS A WHOLE.
IN HIS ADDRESS, MR BREMRIDGE RESTATED THAT HONG KONG WAS COMMITTED IN PRINCIPLE AND SUBJECT TO USUAL PROCEDURES TO SUPPORTING A THIRD CAPITAL INCREASE IN THE BANK'S CAPITAL STOCK IN ORDER TO SUSTAIN ITS LENDING CAPACITY IN THE MID 1980'S. AT THE SAME TIME, HE CONSIDERED THAT THERE WAS A CLEAR NEED FOR A COMPREHENSIVE REVIEW OF THE BANK'S FINANCIAL POLICIES TO BE UNDERTAKEN PRIOR TO OR AT LEAST IN CONJUNCTION WITH THIS INCREASE.
HE CONFIRMED THAT HONG KONG WOULD BE CONSIDERING THE POSSIBILITY OF JOINING SOME OTHER DEVELOPING MEMBER COUNTRIES IN CONTRIBUTING A TOKEN AMOUNT TO THE CURRENT ASIAN DEVELOPMENT FUND REPLENISHMENT.
SUBJECT TO THE FINAL APPROVAL OF THE LEGISLATURE WE SHALL IN DUE COURSE BE OFFERING A CONTRIBUTION -- IN THE ORDER OF US $1 MILLION - TO THE FUND, HE SAID
NEW RAILWAY STATIONS FOR MONG KOK AND SHA TIN
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TWO NEW STATIONS WILL BE PARTIALLY OPENED BY THE KOWLOON- CANTON RAILWAY FOR USE IN CONNECTION WITH THE START NEXT THURSDAY (MAY 6) OF THE STAGE INNER SUBURBAN ELECTRIFIED SERVICE BETWEEN KOWLOON AND SHA TIN,
A KCR SPOKESMAN SAID TODAY (THURSDAY) THAT A NEW SHA TIN STATION WILL BE PARTIALLY OPENED TO THE PUBLIC TOMORROW (APRIL 30) WHILE THE NEW MONG KOK STATION IS EXPECTED TO BE PARTIALLY OPENED ON MONDAY (MAY 3).
THE TWO STATIONS HAVE BEEN COMPLETELY REBUILT UNDER KCR'S MODERNISATION AND ELECTRIFICATION PROGRAMME AND ARE DESIGNED TO CATER FOR THE EXPECTED BIG INCREASE IN PASSENGER TRAFFIC.
EACH STATION HAS A STATION MANAGER'S OFFICE, A CONTROL ROOM, A MINIBANK, A POLICE REPORTING CENTRE, TICKET OFFICES, AUTOMATIC VENDING MACHINES AND TOILETS.
THERE WILL ALSO BE A RESTAURANT AT THE MONG KOK STATION.
KCR COMMUTERS TO THE SHA TIN STATION CAN USE AN ACCESS ROAD NEAR THE BUS TERMINUS AT THE SHA TIN MARKET CENTRE OR VIA AN OVERHEAD BRIDGE FROM PAI TAU YILLAGE.
ACCESS TO THE NEW MONG KOK STATION AT LUEN WAN STREET IS BY WAY OF ARGYLE STREET OR BUTE STREET.
J