SATURDAY, JULY 6, 1991
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"TO DATE, THERE ARE 66 FISHERMEN'S CO-OPERATIVE SOCIETIES WITH A TOTAL MEMBERSHIP OF 2,049 AND FOUR DISTRICT FEDERATIONS CONSISTING OF 45 MEMBERS' SOCIETIES. THEY RECORDED A TOTAL SURPLUS OF SOME $585,000 IN 1990 AND THE CUMULATIVE REVOLVING LOAN FUND CAPITAL BUILT UP FROM MENUERS' SAVINGS STOOD AT $6.6 MILLION.
THEIR BY THE
"MEMBERS OBTAINED LOANS AMOUNTING TO $15.87 MILLION FROM OWN LOAN FUNDS AND ALSO FROM THE LOAN FUNDS ADMINISTERED DEPARTMENT FOR MECHANISATION, BUILDING
VESSELS AND OTHER PRODUCTIVE PURPOSES," HE CONTINUED.
NEW
DR LER NOTED THAT IN JANUARY THIS YEAR, 18 MEMBERS OF THE FISHERMEN'S CO-OPERATIVE SOCIETIES PARTICIPATED IN A 10-DAY FISHERIES STUDY TOUR ORGANISED BY THE DEPARTMENT TO WESTERN AUSTRALIA AND SINGAPORE.
HE ADDED THAT THIS STUDY TOUR ENABLED THE PARTICIPANTS TO GAIN KNOWLEDGE OF MODERN FISHING TECHNOLOGY SUITABLE FOR APPLICATION IN THE HONG KONG FISHING INDUSTRY.
DR LEE ALSO REVEALED THAT AT THE END OF MARCH THIS YEAR, THERE WERE A TOTAL OF 378 CO-OPERATIVE SOCIETIES REGISTERED WITH THE AGRICULTURE AND FISHERIES DEPARTMENT AND AMONG THEM, 239 WERE CLASSIFIED AS "URBAN SOCIETIES" WHICH INCLUDED MAINLY THE BUILDING SOCIETIES AND THE CONSUMERS' SOCIETIES.
DR LEE AND MRS LEE LATER CO-OPERATIVE WORKERS IN RECOGNITION CO-OPERATIVE MOVEMENT IN HONG KONG.
PRESENTED
CERTIFICATES TO FIVE OF THEIR CONTRIBUTION TO THE
CANCELLATION OF TIDAL FLOW OPERATION AT LION ROCK TUNNEL
THE TIDAL FLOW OPERATION TO HELP RELIEVE SOUTHBOUND TRAFFIC CONGESTION IN THE MORNING AT THE LION ROCK TUNNEL WILL BE CANCELLED FROM MONDAY (JULY 8). THE TRANSPORT DEPARTMENT ANNOUNCED TODAY
(SATURDAY).
BY
UNDER THE SCHEME, THREE OF THE FOUR TUNNEL LANES ARE USED SOUTHBOUND TRAFFIC WHILE ONE LANE IS USED FOR THE OPPOSITE DIRECTION FROM 6 AM TO 7.30 AM, MONDAY TO FRIDAY.
A DEPARTMENT SPOKESMAN SAID SINCE THE OPENING OF TATE'S CAIRN TUNNEL ON JUNE 26, THE PEAK HOUR SOUTHBOUND TRAFFIC FLOW THROUGH THR LION ROCK TUNNEL HAD DROPPED TO BELOW 2,800 VEHICLES PER
HOUR, WHICH WAS LESS THAN THE SOUTHBOUND CAPACITY OF THE TUNNEL WITHOUT THE TIDAL FLOW OPERATION.
THERE WERE NO SEVERE TRAFFIC QUEUES AT THE TUNNEL DURING THE PEAK HOURS OR AT ANY OTHER TIME OF THE DAY, HE ADDED.
THE DEPARTMENT THUS CONSIDERED IT APPROPRIATE ΤΟ CANCEL THE TIDAL FLOW OPERATION WHICH WAS INTRODUCED IN JANUARY 1988.
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