XN000022-1980-06-20 — Page 11

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FRIDAY, JUNE 20, 1980

INSTALLATION OF NEW PARKING METERS

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A TOTAL OF 1 360 NEW PARKING METERS WILL BE INSTALLED ON HONG KONG ISLAND TO REPLACE OLDER TYPES OF METERS.

THEY WILL BE SET UP ON FIVE CONSECUTIVE SUNDAYS FROM JUNE 22 IN AREAS INCLUDING NORTH POINT, CAUSEWAY BAY, HAPPY VALLEY, WAN CHAI, CENTRAL AND THE PEAK.

THESE NEW 'DUNCAN' METERS HAD BEEN TRIED OUT ON BOTH SIDES OF THE HARBOUR. THEY HAVE A BETTER LOCKING SYSTEM AND ARE DESIGNED TO REJECT FAKE COINS.

THEY ONLY GIVE TIME WHEN FED WITH COINS OF THE CORRECT DENOMINATION AND ARE NOT ACTIVATED BY COINS OF SMALLER OR LARGER SIZE.

AFTER INSERTING A CORRECT COIN, A HANDLE ON THE RIGHT-HAND SIDE OF THE SLOT HAS TO BE TURNED TO THE RIGHT AS FAR AS POSSIBLE UNTIL THE RED FLAG IS LOWERED.

A TRANSPORT DEPARTMENT SPOKESMAN SAID IT WAS EXPECTED THAT THE IMPROVED SECURITY FEATURES OF THE NEW METERS SHOULD CUT LOSS OF GOVERNMENT REVENUE FROM THEFT AND INTERFERENCE.

IN HIS LAST REPORT, THE DIRECTOR OF AUDIT ESTIMATED THAT $3.8 MILLION HAD BEEN LOST IN THIS WAY.

COMPANIES LAW AMENDMENTS EFFECTIVE FROM MONDAY

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THE COMPANIES (AMENDMENT) ORDINANCE 1979, WHICH WAS PASSED BY THE LEGISLATIVE COUNCIL IN NOVEMBER LAST YEAR, WILL COME INTO OPERATION ON MONDAY (JUNE 23).

A COMMENCEMENT NOTICE WAS PUBLISHED IN THE GOVERNMENT GAZETTE TODAY (FRIDAY).

THE AMENDING LEGISLATION SETS OUT PROVISIONS FOR THE REPLACEMENT OF LOST SHARE CERTIFICATES.

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