Enclosure 2.
- 2 –
13
(3) To direct that, in future, when the question of
concessions or of proposed extended facilities
to the Motor-Bus licensee, as to routes, increased
services or departures from the scale of fares
specifically named in Schedule "B" of Notifica-
tion No. S.319 of 2nd September, 1932, be under
consideration by the Hong Kong Government, full
and fair opportunity be given your Petitioner
of submitting its representations.
(4) To direct that the said Tramway Ordinance No.10
of 1902 be so modified in respect of Section
No.47 thereof as to relieve your Petitioner of
the heavy increase in the rate of its future
Royalty obligation.
2.
A brief history of The Hong Kong Tramways
Limited is set out in paragraph 4 of the petition and in
Appendix A thereto. It will be seen that the present
company was formed in 1922 when it acquired as a going
concern the undertaking of The Hong Kong Tramway Company,
Limited (formerly the Electric Traction Company of Hong
Kong Limited) which was originally incorporated in 1902.
The construction of the tramway was authorised by
Ordinance No.10 of 1902 (The Tramway Ordinance, 1902)
copy of which, as subsequently amended, is enclosed.
Section 47 of the Tramway Ordinance sets
out the royalties to Government which the company is
required to pay. It reads as follows:-
3.
(1) The company shall not be required to pay any
royalty for ten years after the tramway has
been opened for public traffic, but in con-
sideration of the rights, powers and authorit-
ies hereby granted or conferred, the company
thereafter
No comments yet.
Private notes are available after approval.