XN000022-1975-07-04 — Page 6

Daily Information Bulletin 新聞公報 All

FRIDAY, JULY 4, 1975

REVISION OF COMPANY'S FEES

A NUMBER OF FEES PAYABLE UNDER THE COMPANIES ORDINANCE ARE TO BE

REVISED, IN LINE WITH SOME OF THE RECOMMENDATIONS MADE BY THE COMPANIES LAW

REVISION COMMITTENS.

THE REVISION - PROVIDED IN THE COMPANIES (AMENDMENT) (NC.2) BILL

PUBLISHED IN TODAY'S GAZETTE MAINLY REFERS TO FEES FOR INSPECTION AND

CERTIFICATION OF DOCUMENTS KEPT BY THE REGISTRAR AND TO FEES FOR REGISTERING

CERTAIN INSTRUMENTS AND FOR INSPECTING THE REGISTER OF CHARGES.

THE BILL INTRODUCES A NEW FEE OF $2,000 FOR REGISTERING A PROSPECTUS

WITH THE REGISTRAR. A SPOKESMAN SAID THIS WAS CONSIDERED NECESSARY AS

EXAMINATION OF DRAFT PROSPECTUSES BY SENIOR STAFF OF THE COMPANIES NEGISTRY

INVOLVED CONSIDERABLE TIME, AND FREQUENTLY DISCUSSIONS WERE NECESSARY WITH THE

COMPANY, ITS SOLICITORS AND THE UNDERWRITERS.

THE SPOKESMAN ALSO NOPED THAT SOME OF THE FEES HAD REMAINED

UNCHANGED FOR MORE THAN 40 YEARS,

PROVISION IS ALSO MADE IN THE BILL FOR THE GOVERNOR INCOUNCIL TO

INCREASE CERTAIN FEES AND TO ADD FURTHER ITEMS FOR WHICH A CHARGE IS CONSIDERED

NECESSARY.

WAI YIP STREET EXTENSION

A 400-METRE EXTENSION WILL BE ADDED TO WAI YIP STREET TO PROVIDE A

TRAFFIC DIVERSION ROUTE TO FACILITATE THE CONSTRUCTION OF THE KWUN TONG MASS

TRANSIT RAILWAY STATION,

THE ROAD EXTENSION, TO RUN BETWEEN KING YIP STREET AND CHA KWC LING

ROAD WITH JUNCTION IMPROVEMENTS AT BOTH ENDS, WILL BE 19 METRES WIDE WITH

FOOTPATHS AND TWO TRAFFIC LANES IN EACH DIRECTION,

IT WILL INCLUDE A 30-METRE LONG BRIDGE ACROSS THE NULLAH AT THE SOUTH-

EASTERN END OF WAI YIP STREET,

IN CONNECTION WITH THE PROJECT, SOME 500 METRES CF CHA KWC LING RÅD, BETWEEN KWUN TONG ROAD AND THE JUNCTION OF WAI YIP STREET EXTENSIC, WILL BE

RESURFACED. ASSOCIATED DRAINAGE WORKS WILL ALSO BE CARRIED OUT.

TENDERS FOR THE CONSTRUCTION OF THE PROJECT ARE INVITED IN TODAY'S GAZETTE. WORK WILL BEGIN IN SEPTEMBER FOR COMPLETION IN MAY NEXT YEAR, WIEN

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