THURSDAY, DECEMBER 23, 1982
KCRC BOARD APPOINTED
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THE KOWLOON-CANTON RAILWAY CORPORATION ORDINANCE 1982 $ BROUGHT INTO OPERATION WITH EFFECT FROM TODAY. A FURTHER NOTICE IN THE GOVERNMENT GAZETTE ANNOUNCES THE APPOINTMENT OF THE CHAIRMAN AND MEMBERS OF THE CORPORATION AND ITS MANAGING BOARD.
THE CHAIRMAN OF THE BOARD IS TO BE MR H.M.G. FORSGATE, WHO HAS HELD MANY PUBLIC APPOINTMENTS IN HIS CAREER AND IS AT PRESENT THE CHAIRMAN OF THE TRANSPORT ADVISORY COMMITTEE. THE MEMBERS OF THE BOARD ARE 1-
MR T.J. BEDFORD, MANAGING DIRECTOR OF THE HONG KONG LAND COMPANY LIMITED, AND HOLDER OF SEVERAL OTHER PUBLIC APPOINTMENTS;
MR CHAN KAM-CHUEN, WHO IS THE SPECIAL ASSISTANT TO THE MANAGING DIRECTOR OF CABLE AND WIRELESS (HONG KONG) LTD AND AN UNOFFICIAL MEMBER OF THE LEGISLATIVE COUNCIL :
MR CHEUNG YAN-LUNG, WHO IS A FORMER CHAIRMAN OF THE HEUNG YEE KUK, AND HOLDS A NUMBER OF OTHER PUBLIC APPOINTMENTS, INCLUDING BEING AN UNOFFICIAL MEMBER OF THE LEGISLATIVE COUNCIL
MISS LYDIA DUNN, WHO IS AN UNOFFICIAL MEMBER OF THE EXECUTIVE COUNCIL AND THE LEGISLATIVE COUNCIL AND ALSO HOLDS MANY OTHER PUBLIC APPOINTMENTS.
THE SECRETARY FOR MONETARY AFFAIRS AND THE SECRETARY FOR TRANSPORT ARE APPOINTED BY THE GOVERNOR AS EX-OFFICIO MEMBERS OF THE CORPORATION AND ITS MANAGING BOARD. THE MANAGING DIRECTOR OF THE CORPORATION IS UNDER THE ORDINANCE AN EX-OFFICIO MEMBER OF THE CORPORATION AND ITS MANAGING BOARD.
BRINGING THE ORDINANCE INTO OPERATION CREATES THE CORPORATION AND ENABLES IT TO PREPARE ITSELF FOR ASSUMING THE RESPONSIBILITY OF OPERATING THE KCR. THE CORPORATION CAN THEREFORE AT ITS FIRST MEETINGS TAKE STEPS TO APPOINT VARIOUS OFFICERS, SPECIFY AND DELEGATE ITS POWERS TO ITS OFFICERS, APPROVE FINANCIAL PROCEDURES AND TERMS AND CONDITIONS OF SERVICE FOR STAFF, AND SO ON.
AT A LATER DATE, AT PRESENT INTENDED TO BE FEBRUARY 1, THE CORPORATION WILL BE VESTED WITH THE ASSETS OF THE RAILWAY, SUCH AS THE LAND, BUILDINGS, ROLLING STOCK AND WORKING CAPITAL, AND WILL FROM THAT DATE BE FULLY RESPONSIBLE FOR THE RAILWAY. THIS STAGE WILL BE FORMALLY NOTIFIED BY THE GOVERNOR UNDER SECTION 7 OF THE ORDINANCE DECLARING THE APPOINTED DAY+ ON WHICH THE PROPERTY, RIGHTS, AND LIABILITIES OF THE RAILWAY WILL BE VESTED IN THE CORPORATION.
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