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WEDNESDAY, OCTOBER 15, 1986
EARLIER IN HIS SPEECH, DR LAM SAID THE DAYA BAY ISSUE HAD CAUSED HECTIC DISCUSSION AND ARGUMENT WITHIN THE COUNCIL AS WELL AS BY THE COMMUNITY AT LARGE.
+ ACTUALLY THIS IS A GOOD SYMPTOM SHOWING THAT ALL OF US ARE VERY CONCERNED ABOUT THE FUTURE OF HONG KONG, HE SAID.
HOWEVER, DR LAM SAID HE REGRETTED THAT THE CONTROVERSIAL ISSUE HAD GENERATED CERTAIN UNDESIRABLE SIDE-EFFECTS WHICH WOULD AFFECT THE IMAGE OF THE COUNCIL IN THE EYES OF THE PUBLIC.
NEED FOR COMMERCIAL SECRECY QUESTIONE D
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THE NEED FOR THE TERRITORY'S TWO POWER COMPANIES TO ADOPT COMMERCIAL SECRECY WAS QUERIED BY THE HON LEE YU-TAI IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
BOTH COMPANIES ENJOYED MONOPOLIES IN THE SUPPLY OF ELECTRICITY, MR LEE SAID IN SPEAKING ON THE MOTION ON THE DAYA BAY ISSUE,
HE SAID IT WAS UNDERSTANDABLE THAT COMMERCIAL SECRETS MUST BE KEPT IN SITUATION WHERE COMPETITION EXISTED, OTHERWISE BUSINESS MIGHT BE LOST TO COMPETITORS.
HOWEVER, IN HONG KONG THE TWO POWER COMPANIES WERE NOT IN THIS SITUATION.
+AS THERE IS NO COMPETITION FROM OTHER SUPPLIERS, IT IS DIFFICULT TO CONVINCE PEOPLE WHY THERE IS A NEED FOR COMMERCIAL SECRECY, BUT FOR EXCEPTIONAL AREAS LIKE CONDITION OF LOAN FINANCING, HE SAID.
REFERRING TO THE PRICE OF ELECTRICITY, MR LEE SAID CONSUMERS WOULD LIKE TO KNOW WHETHER OR NOT THE INVESTMENT BY CHINA LIGHT AND POWER COMPANY (CLP) IN THE DAYA BAY PROJECT WOULD LEAD TO GREATER PROFIT FOR THE COMPANY AND HIGHER RATES OF TARIFF FOR ELECTRICITY CONSUMPTION.
+THE LARGE AMOUNT OF INVESTMENT CLP PUTS INTO THE PROJECT MAY ENLARGE THE BASE ON WHICH PERMISSIBLE PROFIT LEVELS ARE CALCULATED,+ HE SAID.
+SO IT IS QUITE POSSIBLE THAT THE NEW PROFIT LEVELS WILL MEAN A MORE EXPENSIVE ELECTRICITY BILL FOR THE CONSUMER,+ HE SAID.
/MR LEE