XN000022-1981-12-11 — Page 6

FRIDAY, DECEMBER 11, 1981

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KCR CORPORATION TRANSITIONAL BOARD

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FOLLOWING THE DECISION TO TURN THE KOWLOON-CANTON RAILWAY INTO A PUBLIC CORPORATION, A KOWLOON-CANTON RAILWAY CORPORATION TRANSITIONAL BOARD HAS BEEN APPOINTED AND ITS MEMBERSHIP AND TERMS OF REFERENCE ARE PUBLISHED IN THE GOVERNMENT GAZETTE TODAY.

THE BOARD IS CHARGED WITH THE RESPONSIBILITY FOR DEALING WITH ALL ASPECTS OF THE TRANSITION OF THE KCR FROM A GOVERNMENT DEPARTMENT TO A PUBLIC CORPORATION.

A GOVERNMENT SPOKESMAN SAID UNTIL SUCH TIME AS A KCR CORPORATION WAS CREATED, THE DAY TO DAY MANAGEMENT AND OPERATION OF THE KCR AND THE ELECTRIFICATION AND ASSOCIATED WORKS PLANNED FOR COMPLETION AT THE END OF 1982 WOULD REMAIN A GOVERNMENT RESPONSIBILITY.

AS THE BOARD IS CHARGED ONLY WITH TRANSITIONAL MATTERS, IT WILL CEASE TO EXIST WHEN THE KCR CORPORATION IS CREATED. THE NATURE AND MEMBERSHIP OF THE TRANSITIONAL BOARD'S SUCCESSOR, WHICH WILL ASSUME RESPONSIBILITY FOR THE KCR CORPORATION, HAS NOT YET BEEN DETERMINED.

THE MEMBERSHIP OF THE BOARD IS AS FOLLOWSI

THE SECRETARY FOR TRANSPORT (CHAIRMAN)

THE HONOURABLE J.J. SWAINE

THE HONOURABLE SELINA CHOW

MR N.S. THOMPSON

MR T.J. BEDFORD

THE DEPUTY FINANCIAL SECRETARY

THE SECRETARY FOR THE CIVIL SERVICE

THE SECRETARY FOR MONETARY AFFAIRS

THE CHIEF EXECUTIVE (DESIGNATE) OF THE KOWLOON-CANTON RAILWAY CORPORATION, WHEN APPOINTED,

THE TERMS OF REFERENCE OF THE BOARD ARE:

(A) TO OVERSEE THE PREPARATION OF DRAFT LEGISLATION TO PROVIDE

FOR THE CREATION OF A KCR CORPORATION AND, IN PARTICULAR, TO DEFINE ITS DUTIES, POWERS AND AUTHORITIES.

(B) TO DETERMINE THE TERMS AND CONDITIONS OF EMPLOYMENT OF

THOSE PERSONS TO BE OFFERED APPOINTMENTS TO THE INTENDED KCR CORPORATION, INCLUDING STAFF OF THE EXISTING KCR, TAKING ACCOUNT OF THE CLOSE WORKING RELATIONSHIPS BETWEEN THE STAFF OF THE KCR AND MTR.

/(C) TO RECOMMEND