CO129-623-9 Estimates of Expenditure- includes a report for the year ending March 1952 1-2-1951 - 30-11-1951 — Page 179

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57

St

HONG KONG AND YAUMATI FERRY No. 11 of 1951.

COMPANY (SERVICES)

manner as he may consider reasonable but so that any such valration shall not increase the amount of royalty prescribed in Appendix III.

any

(4) Notification shall be made in the Gazette of altera- tion authorized in the fares and charges whether by way of in- crease or reduction.

5. The Company shall pay Government a royalty on the Royalty. 14th day of each calendar month by way of percentage of the Company's gross monthly receipts upon collection of the fares and charges authorized in Appendix II. The percentage shall Provided be computed in manner specified in Appendix III. that in computation of the royalty payable in respect of the period 1st January, 1950, until 31st March, 1950, the receipts from the A Tonnochy Road-Jordan Road service shall be excluded. reduction of the royalty payable or exemption from payment of royalty shall be allowed if and for so long as it is shown to the satisfaction of the Governor in Council that the gross monthly receipts as aforesaid do not exceed the total cost of operating the ferry service including for this purpose the amount of royalty otherwise payable.

to

€. The Company shall maintain the ferry services in an Company efficient and adequate manner to the satisfaction of the Governor maintain in Council and shall publish a Schedule subject to the approval adequate of the Director of Marine stating the intended times of departure from the piers specified in Appendix I.

service.

or

services.

7. (1) If it be represented in writing to the Governor in Inefficient Council by the Director of Marine or by fifty inhabitant rate- inadequate payers that the Company is not maintaining the ferry services in ferry whole or part in an efficient and adequate manner, the Governor in Council may (if satisfied that the representation merits in- quiry) appoint a person or committee of persons to inquire into the matter and report thereon. If upon consideration of such report the Governor in Council is satisfied that the representation is well founded the Governor in Council may issue an order to the Company requiring the Company to remedy such inefficiency or inadequacy in manner specified in such order. Every such order shall be served on the Company and published in the Gazette.

(2) If for the period of three months after the service of such order and its publication in the Gazette the Company fails or neglects to comply therewith, the ferry services or part there-