XN000022-1986-07-01 — Page 5

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TUESDAY, JULY 1, 1986

A CLAUSE IN THE BILL EMPOWERS THE GOVERNOR IN COUNCIL TO AMEND THE EXISTING FRANCHISE OF BUS COMPANIES. THIS IS REQUIRED TO TERMINATE THE INTERNAL BUS ROUTES CURRENTLY OPERATED BY KMB AND TO INTRODUCE BOARDING AND ALIGHTING RESTRICTIONS ON KMB'S EXTERNAL BUS SERVICES. THE CLAUSE ALSO PROVIDES FOR FULL AND FAIR COMPENSATION TO BE PAID TO KMB FOR A PECUNIARY LOSS OR DAMAGE TO THE COMPANY AS A RESULT OF THE NEW SYSTEM.

MR LAN SAID IT WOULD BE NECESSARY TO CANCEL KMB'S ROUTES IN THE TRANSIT SERVICE AREA BECAUSE OF THE UNFAVOURABLE ECONOMIC SITUATION INVOLVED IN HAVING LRT AND BUS SERVICES RUNNING PARALLEL TO EACH OTHER. THE LRT WOULD BE A RELATIVELY HIGH CAPACITY MODE AND, ON ECONOMIC GROUNDS, POTENTIAL RIDERSHIP SHOULD BE MAXIMISED.

NEW MEMBERS APPOINTED TO EXCO *****

WITH THE APPROVAL OF THE SECRETARY OF STATE, THE GOVERNOR HAS APPOINTED FOUR NEW MEMBERS TO THE EXECUTIVE COUNCIL AND EXTENDED THE TERMS OF TWO CURRENT MEMBERS.

THE TERMS OF OFFICE OF SIR MICHAEL SANDBERG AND MR OSWALD CHEUNG, WHICH WERE DUE TO EXPIRE ON AUGUST 31, HAVE BEEN EXTENDED TO DECEMBER 31.

MR PETER C. WONG, DR CHIU HIN-KWONG AND DR DANIEL TSE HAVE BEEN APPOINTED TO THE COUNCIL FOR A TERM OF APPROXIMATELY TWO YEARS FROM OCTOBER 1 UNTIL AUGUST 31, 1988.

MR WILLIAM PURVES HAS BEEN APPOINTED TO THE COUNCIL WITH EFFECT FROM JANUARY 1, 1987 UNTIL AUGUST 31, 1989.

HONG KONG OPENS NEW OFFICE IN U.S.

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THE GOVERNMENT TODAY ESTABLISHED A FIRM FOOTHOLD ON THE WEST COAST OF THE UNITED STATES WITH THE OPENING OF AN ECONOMIC AFFAIRS OFFICE IN SAN FRANCISCO.

THE OPENING OF THE OFFICE REFLECTS THE GROWING IMPORTANCE OF THE AMERICAN MARKET TO HONG KONG AND WILL COMPLEMENT THE EAST COAST EFFORTS OF THE EXISTING REPRESENTATIVE OFFICES IN NEW YORK AND WASHINGTON.

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