1965-HKRS30-8-55_Part01 — Page 41

2

first day of each month and shall be apportioned among the piers as follows-

(a) Jubilee Street Ferry Pier (b) Jordan Road Ferry Pier (c) Mong Kok Ferry Pier (d) Sham Shui Po Ferry Pier (e) Tonnochy Road Ferry Pier (A) Wilmer Street Ferry Pier (g) Cheung Chau Ferry Pier

$22,000

13.500

2,500

2,500

1-༞|--་་་

2,000

3,000

400

(b) Stewart Road Ferry Pier

1,500

(^) Kowloon City Ferry Pier

5,000

() North Point Ferry Pier

6,000

(k) North Point Vehicular Ferry Pier

6,000

(0) Kowloon City Vehicular Ferry Pier

+ **

4.500

$68,900

(c) by the addition, after paragraph SA, of the following new

paragraph-

for vehicular

"Royalty, etc. SB. The Company shall pay to the Govern- ferry service, ment, for the exclusive right to maintain and operate a ferry service for the conveyance of vehicles, goods being carried by vehicles and persons travelling in vehicles between North Point and Kowloon City, in addition to the pier rent in accordance with paragraph 3 and the royalty of twenty-five per cent of the net profit of the Com- pany in accordance with paragraph 5. a montbly fee of $100,000.00 payable in advance on or before the first day of each month.":

(d) by the addition, after paragraph 6, of the following new para-

graph- *Governor may require 24 hour dervice.

6A. The Governor in Council may, in respect of the service specified in item (7) of Appendix 1. at any time, require the Company to introduce and operate a twenty-four hour ferry service upon the terms and conditions specified in paragraph 6":

(e) by the deletion of sub-paragraph (1) of paragraph 16 and the

substitution therefor of the following--

(1) The Company has represented that the Com- pany is and will continue to be a public company; that the

3

Company shall take such steps as are reasonable in con- sultation with the Hong Kong Stock Exchange to have and to continue to have the shares of the Company listed and quoted on the Hong Kong Stock Exchange, that the majority of the directorate are and will continue to be British subjects; that the management and the administra- tive staff, or an effective majority thereof to the satisfaction of the Governor in Council, are and will be British sub- jects; that the control is and will be within the Colony and essentially British; that all the books and accounts of the Company will be kept in the English language: that at all times and in all circumstances (including any and every emergency) the Government may be assured that the ferry services will be duly and loyally maintained; and that the situation as above will continue and be observed with the utmost good faith during the subsistence of the conces sion. Such representation shall be the basis upon which the Company may maintain the ferry services and if at any time the Governor in Council be satisfied that any such representation as aforesaid has failed then the Governor in Council may terminate the concession, in which event the ferry services shall be deemed to have been discontinued and the provisions of sub-paragraphs (2) and (3) of paragraph 8 shall apply.":

() by the deletion of paragraph 21;

(g) in Appendix I. by the insertion under the heading "Ferry

Runs", after item (s), of the following-

" North Point Vehicular Ferry Pier Kowloon City Vehicular

Ferry Pier. ":

(A) in Appendix 1, by the deletion under the heading "Ferry Piers and Frontages" of the item "Kowloon City Pier" and the sub- stitution therefor of the following-

"Kowloon City Pier

and Kowloon City Vehicular Ferry Pler

The southem extremity of Whampoa Street

Io the south-western boundary of Kai Tak Airport"; and

( in Appendix I, by the insertion under the heading "Ferry Piers and Frontages", in the item "North Point Ferry Pier". the words "and North Point Vehicular Ferry Pier.".

COUNCIL CHAMBER,

17th March, 1965.

(Secretariat GR10/3231/51)

*L AL

Deputy Clerk of Councils.