FRIDAY, JULY 23, 1993

COMPREHENSIVE REDEVELOPMENT WOULD PROVIDE IMPROVEMENT TO THE TOWN CENTRE AND WOULD BE BENFFICIAL TO THE COMMUNITY AT LARGE IN TSUEN WAN, THE SPOKESMAN SAID.

THE DRAFT TSUEN WAN OUTLINE PUBLIC INSPECTION IN OCTOBER 1990.

ZON | NG PLAN WAS EXHIBITED FOR

OBJECTIONS TO THE ZONING WERE CONSIDERED AND HEARD IN DECEMBER

1991.

THE MAIN CONCERN OF THE OBJECTORS WAS RELATED ΤΟ THE COMPENSATION AND REHOUSING WHICH ARE OUTSIDE THE PURVIEW OF THE

BOARD.

CONSIDERED THE

NEVERTHELESS, THE BOARD HAD THOROUGHLY INTERESTS OF THOSE AFFECTED AND THE PUBLIC INTEREST WHICH COULD BE ACHIEVRD THROUGH THE COMPREHENSIVE DEVELOPMENT OF THE AREA AND DECIDED NOT TO AMEND THE LAND USE ZONING.

THE MASTER LAYOUT PLAN SUBMITTED BY THE HOUSING SOCIETY WAS GENERALLY IN LINE WITH THE BOARD'S INTENTION ΤΟ REDEVELOP THE AREA COMPREHENSIVELY AND IN ACCORDANCE WITH THE DEVELOPMENT GUIDELINES ENDORSED BY THE BOARD.

SUBSEQUENT TO THE BOARD'S

APPROVAL, THE MASTER LAYOUT PLAN WOULD BE DEPOSITED WITH THE LAND REGISTRY AND THE DEVELOPMENT AGENCY WOULD PROCEED WITH FURTHER NEGOTIATION WITH THE PERSONS AFFECTED.

NEW FRANCHISE TO NEW LANTAO BUS

* * * * *

THE GOVERNOR IN COUNCIL HAS GRANTED A NEW FRANCHISE TO THF NEW LANTAO BUS Co (NLB) TO CONTINUE OPERATING THE SEVEN EXISTING BUS ROUTES ON THE LANTAU ISLAND FOR A PERIOD OF TWO MORE YEARS FROM APRIL 1, 1995.

A NEW FRANCHISE RATHER THAN AN EXTENSION HAS BEEN GRANTED BECAUSE OF THE NEED TO UPDATE THE PROVISIONS IN THE FRANCHISE, PARTICULARLY THOSE RELATING TO THE GOVERNMENT'S MONITORING OF NLB'S BUS OPERATIONS AND FINANCIAL MANAGEMENT.

IN LINE WITH THE FRANCHISES GRANTED TO CHINA MOTOR BUS AND CITY BUS LAST YEAR, THE NLB WILL BE REQUIRED TO ESTABLISH PASSENGER LIAISON GROUPS AS A MEASURE TO STRENGTHEN CUSTOMER LIAISON.

IT WILL ALSO BE REQUIRED TO PROVIDE THE TRANSPORT DEPARTMENT A COMPUTER TERMINAL TO OBTAIN UP-TO-DATE INFORMATION ON BUS OPERATIONS FROM THE COMPANY'S MAIN COMPUTER.

WITH

ALSO,

THE COMPANY WILL HAVE TO FOLLOW THE ACCOUNTING GUIDELINES AND PRACTICES LAID DOWN BY THE GOVERNMENT.

/DEPRECIATION RATES

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