XN000022-1973-04-24 — Page 2

Tuesday, April 24, 1973

OVER 770 SUCCESSFUL IN TAXI TENDERS

Total Premium Amounts To $84 Million

The Commissioner for Transport has announced the results of the

recent tender to register 1,000 taxis.

A total of 4,158 tenders were received

licences and 2,976 for Kowloon taxi licences.

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1,182 for Hong Kong taxi

Following a full analysis of these, and on the decision of the

Central Tender Board, offers have been made to register 78 Hong Kong taxis

and 922 Kowloon taxis for a total premium of $84,665,080.

The average premium offered for the 78 Hong Kong taxi licences was

$81,688 and for the 922 Kowloon taxi licences $84,917.

A total of 777 tenderers were successful. Of these 663 were

offered single licences, 78 were offered two licences and the remaining

36 were offered varying numbers of licences between three and 13; 13 being the

highest number of licences offered to a single tenderer.

As it is mandatory for a taxi to be mechanically inspected before

licensing, it will not be possible to issue the 1,000 licences to the successful

tenderers all at once.

Appointments for inspection of the taxis are being arranged in tender price order, giving priority to the higher bidders. Inspection and licensing procedure will be carried out as quickly as possible.

Unsuccessful tenderers are being notified and arrangements will be

made for their tender deposits to be returned.

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