XN000022-1972-06-07 — Page 36

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Wednesday, June 7, 1972

PARKING CHARGES TO BE INCREASED

Study Shows Monthly Loss In Government Car Parks

A meticulous re-examination by Government of the costs and

revenue of each of the six Government multi-storey car parks has shown

an overall monthly loss of $62.50 per parking space.

The Financial Secretary, the Hon. C.P. Haddon-Cave, said this

today in the Legislative Council in a statement on car parking charges.

He said the Governor-in-Council had now made the necessary

regulations to implement the Budget proposals he made on March 1 this

year to increase charges for the use of Government multi-storey and

open air car parks.

The Road Traffic (Parking and Waiting) (Amendment) Regulations

1972 provides for the following new rates of parking charges to come into

force from July 1 this year:-

•

Monthly tickets to be increased from $120 to $200; *Full hourly rate to be increased from 60 cents to #1 with a minimum charge of $2 instead of $1.50;* Hourly rate in off peak periods to be increased from 40 cents to 50 cents, with the minimum charge remaining at $1;

Open air car parking charges to be increased from $3.50 to $2.50 per half day.

As regards parking meters, the Financial Secretary said the

number of spaces available for parking on street was bound to be reduced,

and the policy was gradually to extend other charging to all those remaining.

/Meters

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