XN000022-1983-08-01 — Page 4

MONDAY, AUGUST 1, 1983

3 -

NO APPLICATION RECEIVED FOR FREE BUS SERVICE

***

THE TRANSPORT DEPARTMENT HAS RECEIVED NO APPLICATION FOR A FREE BUS SERVICE TO BE OPERATED BETWEEN TSIM SHA TSUI MASS TRANSIT RAILWAY STATION AND THE SHOPPING CENTRE AT TSIM SHA TSUI EAST.

A SPOKESMAN SAID TODAY THAT THE DEPARTMENT, ON BECOMING AWARE OF PROPOSALS TO PROVIDE A SERVICE, HAD APPROACHED THE COMPANY CONCERNED. ON CONFIRMATION THAT THE COMPANY HAD CONTRACTED TO PROVIDE THE SERVICE, THE DEPARTMENT DREW THE COMPANY'S ATTENTION TO THE LICENSING CONDITIONS. UNDER THESE CONDITIONS, WHICH WERE ACCEPTED BY THE COMPANY IN MAY LAST YEAR, THE COMPANY'S BUSES MUST EXCLUSIVELY BE USED FOR THE CARRIAGE OF COMPANY EMPLOYEES. THE COMPANY WOULD BE BREACHING ITS PRESENT LICENSING CONDITIONS IF IT USED ITS BUSES FOR OTHER PURPOSES.

REPORTS THAT THE DEPARTMENT HAD TAKEN ACTION OR THREATENED ACTION AGAINST THE COMPANY WERE UNFOUNDED, THE SPOKESMAN SAID.

HE ADDED THAT IN CONSIDERING APPLICATIONS FOR THE LICENSING OF PUBLIC OMNIBUSES, OR VARIATIONS IN THE CONDITIONS OF LICENCE, THE DEPARTMENT IS REQUIRED UNDER SECTION 76 (6) OF THE ROAD TRAFFIC ORDINANCE TO TAKE INTO ACCOUNT THE NEED FOR THE SERVICE PROPOSED. HAVING REGARD TO THE AVAILABILITY OF OTHER FORMS OF TRANSPORT, FUTURE DEVELOPMENT OF PUBLIC TRANSPORT ON THE ROUTES PROPOSED AND TRAFFIC CONDITIONS AND ROAD CAPACITY.

EXPORT CREDIT RISKS TO BE EXPLAINED

****

A SEMINAR ON EXPORT CREDIT RISKS AND BUSINESS PROMOTION WILL BE HELD TOMORROW (TUESDAY) AFTERNOON FOR INDUSTRIALISTS IN THE SOUTHERN DISTRICT.

ORGANISED BY THE DISTRICT OFFICE AND THE HONG KONG EXPORT CREDIT INSURANCE CORPORATION (ECIC) THE SEMINAR WILL HIGHLIGHT THE VARIOUS CREDIT RISKS ENCOUNTERED BY EXPORTERS IF THEY TRADE ON CREDIT TERMS, AND HOW THESE RISKS CAN BE REDUCED.

GUEST SPEAKERS AT THE SEMINAR WILL BE THE CUSTOMER SERVICES MANAGER OF ECIC, MR CHOI SHIU-YING, AND THE CORPORATION'S BUSINESS DEVELOPMENT OFFICER, MR PETER MOK.

THEY WILL TALK ON HOW A GOVERNMENT GUARANTEED EXPORT CREDIT INSURANCE SCHEME CAN ASSIST HONG KONG MANUFACTURERS AND EXPORTERS TO PROMOTE AND PROTECT THE IR EXPORT BUSINESS, PARTICULARLY AT THIS CURRENTLY UNCERTAIN AND DIFFICULT TIME IN INTERNATIONAL TRADE.

/SE ADVANTAGE