TUESDAY, NOVEMBER 24, 1992
THE
CENTRE MANAGER OF THE CLOTHING INDUSTRY AUTHORITY;
TRAINING
* THE COMMISSIONER FOR LABOUR OR HIS REPRESENTATIVE; AND
A
PRINCIPAL ASSISTANT SECRETARY FROM THE EDUCATION AND
MANPOWER BRANCH.
AT TODAY'S MEETING, MEMBERS DISCUSSED THE PLANNED RETRAINING COURSES RECOMMENDED BY THE COURSE DEVELOPMENT COMMITTEE, PROPOSED TARGETS OF RETRAINING AND EMPLOYMENT-LINKED RETRAINING PROGRAMMES.
—
THE
COMMITTEE DISCUSSES WIDE-RANGING TRANSPORT ISSUES
TO
THE
TRANSPORT ADVISORY COMMITTEE (TAC) MET TODAY (TUESDAY) DISCUSS A FARE INCREASE APPLICATION FROM THE STAR FERRY COMPANY, COMPULSORY FITTING OF REAR SEAT BELTS IN NEW PRIVATE CARS AND THE TRANSPORT COMPLAINT UNIT'S THIRD QUARTERLY REPORT FOR 1992.
PLAN ΤΟ
AT THE MEETING, TAC MEMBERS WERE ALSO INFORMED OF A RECONSTRUCT A SECTION OF LION ROCK TUNNEL ROAD AND A PERFORMANCE PLEDGE SCHEME OF THE TRANSPORT DEPARTMENT.
ON STAR FERRY'S FARE INCREASE APPLICATION, MEMBERS NOTED THAT FARES WERE LAST REVISED IN SEPTEMBER 1990.
THE
GIVEN THE RISING OPERATING COSTS AND LOW PATRONAGE GROWTH, AFTER-TAX PROFIT OF THE COMPANY WITHOUT A FARE RISE IS EXPECTED TO DROP SIGNIFICANTLY FROM $9 MILLION IN 1991 TO $6.5 MILLION IN 1992 AND THEN TO $3.3 MILLION IN 1993.
THE STAR FERRY IS SEEKING FARE INCREASES WITH EFFECT FROM FEBRUARY NEXT YEAR AT AN AVERAGE INCREASE RATE LOWER THAN THE INFLATION RATE BETWEEN SEPTEMBER 1990 AND FEBRUARY
1993, WHICH
TERMS OF THE CONSUMER PRICE INDEX A IS ESTIMATED AT 27 PER CENT,
IN
MEMBERS NOTED THAT IN THE CALCULATION OF THE FARE INCREASES, IT WAS ASSURED THAT THE POTENTIAL LOSS IN REVENUE ARISING FROM THE RECENT INTRODUCTION OF THE FREE TRAVEL SCHEME FOR SENIOR CITIZENS WOULD NOT BE PASSED ON TO OTHER PASSENGERS.
THE MEETING WAS ALSO INFORMED OF A PLAN BY STAR INTRODUCE A FOUR-DAY TOURIST TICKET FOR UNLIMITED TRAVEL ON SERVICES OF BOTH STAR FERRY AND HK TRAMWAYS AT $20 EACH.
FERRY TO SCHEDULED
TAC'S RECOMMENDATIONS ON THE FARE INCREASES WILL BE SUBMITTED TO THE EXECUTIVE COUNCIL.
THE
ON THE RECONSTRUCTION OF THE LION ROCK TUNNEL ROAD BETWEEN TOLL PLAZA AND SHA TIN ROAD, MEMBERS WERE INFORMED THAT THE HIGHWAYS DEPARTMENT WOULD EXPEDITE THE WORK BY CARRYING OUT SOME QUIETER WORK THROUGHOUT THE NIGHT,
/AS A
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