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THURSDAY, MARCH 27, 1986
KMB FRANCHISE FURTHER EXTENDED
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THE FRANCHISE OF THE KOWLOON MOTOR BUS COMPANY HAS BEEN FURTHER EXTENDED BY TWO YEARS TO AUGUST 31, 1995.
THIS FOLLOWS A TWO-YEAR EXTENSION TO AUGUST 31, 1993 APPROVED LAST MONTH BY THE GOVERNOR IN COUNCIL. A GOVERNMENT SPOKESMAN EXPLAINED THAT THIS LATEST EXTENSION VIRTUALLY RESTORES KMB'S FRANCHISE TO ITS ORIGINAL TEN-YEAR DURATION.
+WHEN THE PUBLIC BUS SERVICES ORDINANCE WAS ENACTED IN 1975, PROVISION WAS MADE FOR EXTENSIONS OF FRANCHISE OF UP TO TWO YEARS TO BE PERIODICALLY GRANTED SO AS TO ENABLE THE FRANCHISE PERIOD TO BE TOPPED UP FROM TIME TO TIME, PROVIDED THE COMPANY PERFORMED SATISFACTORILY, HE SAID.
+THE GOVERNMENT IS SATISFIED THAT KMB HAS SHOWN A STEADY IMPROVEMENT IN ITS PERFORMANCE SINCE THE BUS REVIEW IN AUGUST 1982. +THIS TOPPING UP OF THE FRANCHISE PERIOD TO TEN YEARS WILL PROVIDE KMB WITH THE CONTINUITY TO UNDERTAKE THE NECESSARY LONG-TERM PLANNING AND INVESTMENT TO MEET FUTURE TRANSPORT NEEDS, - HE ADDED.
TERM OF OFFICE ENDS ***
WITH THE REPLACEMENT OF THE PROVISIONAL REGIONAL COUNCIL BY THE FULL REGIONAL COUNCIL ON APRIL 1 THIS YEAR, THE TERM OF OFFICE OF THE REPRESENTATIVE ELECTED TO THE LEGISLATIVE COUNCIL BY THE PROVISIONAL REGIONAL COUNCIL CONSTITUENCY WILL ALSO END, A GOVERNMENT SPOKESMAN SAID TODAY (THURSDAY).
AN ELECTION WILL BE HELD ON JUNE 5 FOR THE PURPOSE OF ELECTING THE REPRESENTATIVE OF THE REGIONAL COUNCIL TO THE LEGISLATIVE COUNCIL.
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