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WEDNESDAY, OCTOBER 13, 1982
MTR LOAN GUARANTEE
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THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY) APPROVED A GOVERNMENT GUARANTEE TO THE MASS TRANSIT RAILWAY CORPORATION TO COVER THE REPAYMENT OF A $965 MILLION LOAN.
THE SUM BORROWED UNDER THIS GUARANTEE WILL BE USED TO FINANCE THE ISLAND LINE CONTRACTS FOR THE SUPPLY, INSTALLATION AND COMMISSIONING OF DUAL MODE LOCOMOTIVES, ADDITIONAL ROLLING STOCK, AN ENVIRONMENTAL CONTROL SYSTEM, CHILLERS, STATION AND TUNNEL ANCILIARIES AND DEPOT SERVICES.
THIS BRINGS THE GOVERNMENT'S TOTAL GUARANTEE COMMITMENT IN RESPECT OF THE OUTSTANDING LOANS AVAILABLE TO THE MTR CORPORATION TO $10 638 MILLION.
ONE BILL PASSED
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THE STOCK EXCHANGE UNIFICATION (AMENDMENT) BILL 1982 WAS PASSED IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
THE FOLLOWING SIX BILLS WERE INTRODUCED AND READ A SECOND TIME AND DEBATE ON THEM WAS ADJOURNED THE PUBLIC HEALTH AND URBAN SERVICES (AMENDMENT) (NO. 2) BILL 1982, THE PUBLIC HEALTH AND URBAN SERVICES (AMENDMENT) (NO. 3) BILL 1982, THE EMPLOYEES' COMPENSATION (AMENDMENT) BILL 1982, THE GUARDIANSHIP OF MINORS (AMENDMENT) BILL 1982, THE TRUSTEE (AMENDMENT) BILL 1982 AND THE ROAD TRAFFIC (AMENDMENT) BILL 1982.
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