XN000022-1982-06-29 — Page 6

EGDAI.

JUNE

+SINCE THEN, THE APPROACHES FROM THE EAST AND THE WEST HAVE EN CONSTRUCTED, INCLUDING THE WESTERN APPROACH TUNNEL WHICH IS PART OF THE SAN SHAN INTERCHANGE,+ MR O'RORKE SAID.

HE ADDED THAT PART OF THE EXTENSIVE TRAFFIC CONTROL AND SURVEILLANCE SYSTEM HAD ALREADY BEEN INSTALLED AND WILL BE PUT TO USE MEDIATELY. OTHER PARTS OF THE SYSTEM WILL BE INTRODUCED GRADUALL OVER THE NEXT FEW MONTHS LEADING TO THE OPENING OF THE SECOND TUBE BEFORE THE END OF THIS YEAR.

WHEN COMPLETED THE TRAFFIC CONTROL AND SURVEILLANCE SYSTEM WILL BE FULLY AUTOMATIC.

+THIS WILL ALLOW TRAFFIC FLOWS TO BE MONITORED ON A CONTINUOUS BASIS AND WILL ENABLE INCIDENTS TO BE DETECTED, NOT ONLY IN THE TUNNEL BUT ALSO ON ITS APPROACHES.

+ IT SHOULD BE POSSIBLE FOR AN IMMEDIATE RESPONSE TO BE MADE BY TRAFFIC CONTROL STAFF TO BREAKDOWNS OR ACCIDENTS OCCURRING ON THESE CARRIAGEWAYS,+ MR O'RORKE SAID.

RTV TO HAVE NEW LOCAL PARTNERS

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GOVERNMENT APPROVAL WAS GIVEN TODAY (TUESDAY) TO A PROPOSAL BY THE DIRECTORS OF REDIFFUSION TELEVISION LIMITED TO REDUCE THE SHAREHOLDING OF THE AUSTRALIAN CONSORTIUM IN RTV FROM 61.2 PER CENT TO 50 PER CENT AND FOR THE REMAINING 50 PER CENT OF THE COMPANY'S SHARES TO BE ACQUIRED BY MR DEACON CHIU AND HIS FAMILY.

ANNOUNCING THIS, THE TELEVISION AUTHORITY, MR NIGEL WATT, SAID HE WELCOMED THIS MOVE AS THIS WOULD PROVIDE GREATER LOCAL PARTICIPATION IN THE MANAGEMENT OF THE COMPANY.

UNDER THE PROPOSAL HALF THE COMPANY'S SHARES WILL BE HELD BY THE THREE COMPANIES WHICH FORM THE AUSTRALIAN CONSORTIUM, WHILST THE REST WILL BE DIVIDED BETWEEN MR DEACON CHIU AND EIGHT MEMBERS OF HIS FAMILY. THE AUSTRALIAN CONSORTIUM WILL MAINTAIN ITS SHAREHOLDING THROUGH HONG KONG TELEVISION (HOLDINGS) LIMITED AND CALIBON LIMITED AND MR DEACON CHIU AND HIS FAMILY WILL HOLD THE IRS THROUGH THE FAR EAST INTERCONTINENTAL LIMITED.

THE AUSTRALIAN CONSORTIUM HAS STATED THAT IT WANTS A STRONG, ACTIVE LOCAL PARTNER WHO WOULD NOT ONLY HELP RTV PLAN PROGRAMMES WITH INCREASED LOCAL EMPHASIS BUT AT THE SAME TIME PROVIDE A LOCAL SHARE IN NEW CAPITAL INVESTMENT IN THE COMPANY.