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7
FRIDAY, MARCH 14, 1986
F
MR SO SAID THE PUBLIC DEMAND FOR DETAILED INFORMATION ON THE FINANCES OF A BUS COMPANY WHICH APPLIED FOR A FARE RISE WAS UNDERSTANDABLE, BUT THIS COULD NOT BE MET BECAUSE OF THE PROVISIONS IN THE SECURITIES ORDINANCE WHICH GUARD AGAINST INSIDER TRADING.
+BUT I CAN ASSURE YOU THAT THE COMPANIES' FINANCES ARE SUBJECT TO VERY CLOSE SCRUTINY BY THE GOVERNMENT, THE TRANSPORT ADVISORY COMMITTEE AND THE EXECUTIVE COUNCIL BEFORE ANY APPLICATION FOR FARE RISE IS APPROVED, + HE EMPHASISED.
MR SO SAID THAT BETTER STANDARDS OF SERVICE FROM THE BUS COMPANIES +WOULD CERTAINLY HAVE AN IMPLICATION ON FARES, AND HOPED THE PUBLIC WOULD NOT BEGRUDGE THE COMPANIES' REQUEST FOR FARE INCREASES FROM TIME TO TIME, SO LONG AS SUCH REQUEST WAS REASONABLE.
+IT IS A FACT OF LIFE THAT WE ONLY GET WHAT WE ARE PREPAREL TO PAY FOR. HE SAID.
LIST OF LICENSED TRAVEL AGENTS PUBLISHED
*****
THE NAMES AND LICENCE NUMBERS OF ALL TRAVEL AGENTS WHO HAVE BEEN GRANTED LICENCES IN FEBRUARY 1986 SINCE THE TRAVEL AGENTS ORDINANCE 1985 CAME INTO EFFECT ARE PUBLISHED IN THE GAZETTŁ TODAY (FRIDAY).
A GOVERNMENT SPOKESMAN SAID THAT OF THE TOTAL NUMBER OF 89% LICENSED TRAVEL AGENTS GAZETTED, 292 APPLIED FOR LICENCES AS INDIVIDUALS OR IN PARTNERSHIP AND 607 AS BODY CORPORATE.
+THE VALIDITY OF THE LICENCE PERIOD VARIES BETWEEN SIX MONTHǝ AND 12 MONTHS, THE SPOKESMAN EXPLAINED.
+THE PERIODS OF LICENCES HAVE BEEN STAGGERED TO AVOID THE NEED TO RENEW ALL LICENCES AT THE SAME TIME AND TO REDUCE CONGESTION IN THE PROCESSING OF RENEWAL WHEN CURRENT LICENCES ARE DUE TO EXPIRE.+
THE GAZETTED LIST CAN BE USED AS A GENERAL REFERENCE BY EBER OF THE TRADE, ADVERTISING AGENCIES AND MEMBERS OF THE PUBLIC Indus TO CHECK WHETHER A TRAVEL AGENT THEY ARE DEALING WITH HAS BEEN LAWFULLY REGISTERED TO CARRY ON THE BUSINESS OF PROVIDING +OUT- BOUND+ TRAVEL SERVICES, HE SAID.
/A VERY