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WEDNESDAY, MARCH 6, 1991
TOLLS FOR ABERDEEN AND SHING MUN TUNNELS
THE FINANCIAL SECRETARY PROPOSED TO INCREASE THE CURRENT TOLL OF $3 FOR THE ABERDEEN AND SHING MUN TUNNELS TO $5 WITH EFFECT FROM APRIL 1, 1991.
HE SAID THE TOLL OF THE ABERDEEN TUNNEL HAD NOT BE REVISED SINCE 1985 AND HE ESTIMATED THE ADDITIONAL REVENUE TO BE $50 MILLION.
RESTRICTED LICENCE BANK AND REGISTRATION FEES
DEPOSIT-TAKING
COMPANY LICENCE AND
THE FINANCIAL SECRETARY PROPOSED TO INCREASE LICENCE AND REGISTRATION FEES FOR RESTRICTED LICENCE BANKS AND DEPOSIT-TAKING COMPANIES BY 40 PER CENT WITH EFFECT FROM APRIL 1, 1991.
HE POINTED OUT THAT THE GOVERNMENT HAD PREVIOUSLY UNDER- RECOVERED COSTS BY 30 PER CENT; THE INCREASE WOULD RECTIFY THIS.
THE ADDITIONAL REVENUE WAS ESTIMATED TO BE $13 MILLION.
VEHICLE AND DRIVING LICENCE FEES
THE FINANCIAL SECRETARY PROPOSED TO INCREASE VEHICLE AND DRIVING LICENCE FEES GENERALLY BY 10 PER CENT TO MAINTAIN THE YIELD IN REAL TERMS, EFFECTIVE THIS AFTERNOON.
ADDITIONALLY, AND CONSISTENT WITH THE RESTRUCTURING OF THE FIRST REGISTRATION TAX ON GOODS VEHICLES, THE FINANCIAL SECRETARY PROPOSED FURTHER INCREASES IN THE ANNUAL LICENCE FEES FOR GOODS VEHICLES UP TO 5.5 TONNES.
THE FEE FOR VAN TYPE LIGHT GOODS VEHICLES NOT EXCEEDING 1.9 TONNES IN WEIGHT WOULD BE INCREASED FROM $1,065 TO $2,115; FOR VANS WEIGHING MORE THAN 1.9 TONNES THE INCREASE WOULD BE FROM $2,080 ΤΟ $4,140.
HE ESTIMATED THAT ADDITIONAL REVENUE OF $290 MILLION WOULD GENERATED BY ALL THESE INCREASES.
PASSENGER EMBARKATION AND BERTHING FEES
BE
PASSENGER AND CHINA
THE FINANCIAL SECRETARY PROPOSED TO INCREASE THE EMBARKATION FEE PAYABLE BY THOSE DEPARTING FROM THE MACAU FERRY TERMINALS FROM $19 TO $21, APPROXIMATELY IN LINE WITH INFLATION.
AS THE FEE WAS LAST RAISED IN OCTOBER 1990, THE NEXT INCREASE WOULD TAKE EFFECT AS FROM OCTOBER 1991, SIR PIERS SAID.
THE
CHARGE OF $2 EARMARKED FOR THE VESSEL SYSTEM WOULD BE INCREASED TO $2.20 ACCORDINGLY.
TRAFFIC
MANAGEMENT
/THE FINANCIAL