XN000022-1978-09-12 — Page 8

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TUESDAY, SEPTEMBER 12, 1978

RESULTS OF LATEST TENDER FOR TAXI LICENCES

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THE TRANSPORT DEPARTMENT HAS COMPLETED PROCESSING THE LATEST TENDERS FOR 300 HONG KONG AND KOWLOON TAXI LICENCES.

A TOTAL OF 5,206 INDIVIDUAL TENDERS HAD BEEN RECEIVED WHEN THE OFFER CLOSED ON AUGUST 18. THE HIGHEST TENDER WAS $291,500 AND THE LOWEST WAS $13,280.

A TRANSPORT DEPARTMENT SPOKESMAN SAID TODAY THAT 297 OF THE 300 URBAN TAXI LICENCES HAVE BEEN ALLOCATED TO TENDERERS OFFERING A UNIT PREMIUM RANGING FROM $242,833 TO $291,500.

THE REMAINING THREE LICENCES WERE DETERMINED BY PUBLIC BALLOT YESTERDAY (MONDAY) AFTERNOON BECAUSE THERE WERE TWO TENDERS EACH WITH AN IDENTICAL UNIT PREMIUM OF $242,828 SEEKING A TOTAL OF NINE TAXI LICENCES.

THE AVERAGE PREMIUM IN THE LATEST TENDER WAS $244,240, AN INCREASE OF OVER 17 PER CENT COMPARED WITH THE LAST TENDER IN APRIL THIS YEAR WHEN THE AVERAGE PREMIUM WAS $208,520.

THE SPOKESMAN SAID THAT LETTERS WOULD BE GOING OUT TODAY TO SUCCESSFUL TENDERERS AND THAT THE FIRST OF THE 300 TAXIS WOULD BE INSPECTED ON SEPTEMBER 19. ALL 300 TAXIS SHOULD BE ON THE ROAD BY THE END OF NOVEMBER.

CROWN LAND FOR TENDER ******

THE CROWN LANDS AND SURVEY OFFICE OF THE PUBLIC WORKS DEPARTMENT IS OFFERING THREE LOTS OF CROWN LAND FOR SALE BY TENDER.

THE THREE LOTS ARE TO BE USED FOR STORAGE, INCLUDING VEHICLES.

THE FIRST LOT, MEASURING ABOUT 5,900 SQUARE METRES IS SITUATED AT HARBOUR ROAD, WAN CHAI. THE OTHER TWO ARE AT THE JUNCTION OF SAU NGA ROAD AND HIP WO STREET 4,110 SQUARE METRES, AND AT THE JUNCTION OF HIP WO STREET AND HIU KWONG STREET 2,740 SQUARE METRES.

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CLOSING DATE FOR ACCEPTANCE OF TENDERS IS NOT LATER THAN NOON ON SEPTEMBER 22, 1978.

TENDER FORMS, NOTICES AND CONDITIONS MAY BE OBTAINED FROM, AND TENDER PLANS INSPECTED AT. THE CROWN LANDS AND

FARVEY OFFICE, MURRAY BUILDING, 19TH FLOOR, GARDEN ROAD,

HONG KONG, OR THE CROWN LANDS AND SURVEY OFFICE, KOWLOON GOVERNMENT OFFICES, 405 NATHAN ROAD, 10TH FLOOR, KOWLOON.