19
WEDNESDAY, MARCH 2, 1988
TURNING ΤΟ TOBACCO, MR JACOBS SAID THAT HE PROPOSED INCREASE THE DUTY ON CIGARETTES FROM $165 TO $175 THE DUTY ON CIGARS WOULD BE INCREASED FROM $220 TO $233 A KILOGRAM; ON SMOKING TOBACCO FROM $200 TO $212 A KILOGRAM; AND ON CHINESE PREPARED TOBACCO FROM $43 TO $45.50 A KILOGRAM.
ΤΟ
PER
1,000
STICKS.
MR JACOBS ESTIMATED THE ADDITIONAL REVENUE INCREASES TO BE $69 MILLION IN 1988-89.
YIELD
FROM THESE
ALL THE CHANGES IN DUTY RATES WERE THE SUBJECT OF PUBLIC REVENUE PROTECTION ORDERS AND CAMR INTO EFFECT THIS AFTERNOON.
INCREASE IN FEES AND CHARGES PROPOSED
PIERS
YIELD
THE FINANCIAL SECRETARY, THE HON
JACOBS, HAS PROPOSED INCREASES IN A NUMBER OF FEES AND CHARGES WHICH ARE EXPECTED TO ABOUT $100 MILLION IN REVENUE FOR 1988-89.
ADDITIONAL REVENUE OF ABOUT $81 MILLION IN 1988-89 IS EXPECTED FROM THE NORMAL REGULAR REVIEW OF SOME OTHER FEES AND CHARGES.
IN
PRESENTING HIS BUDGET IN THE LEGISLATIVE COUNCIL (WEDNESDAY), MR JACOBS SAID THESE PROPOSED INCREASES WERE
DEPOSIT-TAKING OF VEHICLE AND DRIVING LICENCE FEES; BANK AND LICENCE AND REGISTRATION FEES; PASSENGER EMBARKATION AND FEES, AND POSTAL AND TELECOMMUNICATION FEES AND CHARGES.
TODAY
RESPECT COMPANY BERTHING
MR JACOBS PROPOSED THAT VEHICLE REGISTRATION AND DRIVING LICENCE FERS BE INCREASED WITH IMMEDIATE EFFECT BY ABOUT SIX PER CENT.
HE ESTIMATED THAT THE ADDITIONAL REVENUE ACCRUING INCREASES WOULD BR $62 MILLION IN 1988-89.
DTC ON BANK AND
FROM THESE
LICENCE AND REGISTRATION FEES,
MR JACOBS RELATED FEES WITH PROPOSED AN EIGHT PER CENT INCREASE IN THESE AND
AROUND THE YIELD IN 1988-89 WOULD BE
#11 EFFECT FROM APRIL 1, 1988. MILLION.
AS REGARDS PASSENGER EMBARKATION AND BERTHING FEES,
GOVERNMENT SAID THAT IN RECENT YEARS THE
HAD INVESTED
CATER ADDITIONAL RESOURCES TO
FOR THE GROWTH IN PASSENGER FERRY TRAFFIC TO CHINA.
MR JACOBS
CONSIDERABLE
/"IN ACCORDANCE