XN000022-1987-07-08 — Page 44

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WEDNESDAY, JULY 8, 1987

TWO

"THIS WILL HAVE THE EFFECT OF BRINGING RENTS FOR PART TENANCIES PROGRESSIVELY CLOSER TO PREVAILING MARKET RENTS, HE SAID.

11

IN THE

"THE CURRENT PROPERTY AND RENTAL MARKET IS STABLE AND THIS IS

NEW LIKELY TO CONTINUE BECAUSE OF THE AMPLE SUPPLY OF

FLATS

NEXT FEW YEARS, HE ADDED.

**

POSSIBLE EVEN IF NO INCREASE COMPONENT IN THE RENT

MR CHAU SAID THE GOVERNMENT EXPECTED THAT IT WOULD BE TO PHASE OUT RENT CONTROL IN ABOUT FOUR YEARS, WAS MADE THIS YEAR IN THE MINIMUM PERCENTAGE INCREASE MECHANISM FOR PART TWO TENANCIES.

"THE GOVERNMENT CONSIDERS THAT FOUR YEARS IS A REASONABLE PERIOD IN WHICH TO ACHIEVE THE AIM OF ELIMINATING RENT CONTROL AND, THEREFORE, PROPOSES THAT THE LIFE OF PART TWO OF THE ORDINANCE SHOULD BE EXTENDED FOR TWO YEARS IN THIS INSTANCE, SUBJECT TO A FURTHER REVIEW, HE SAID.

"

MR CHAU SAID IN REVIEWING THE WORKING OF THE ORDINANCE ANNAULLY, GOVERNMENT WOULD TAKE INTO ACCOUNT THE STATE OF THE PROPERTY MARKET AND THE SOCIAL AND ECONOMIC CONSEQUENCES BEFORK PROPOSING CHANGES TO THE LAW,

"THE PUBLIC CAN BE RE-ASSURED THAT ANY FURTHER STEPS TOWARDS DECONTROL WILL BE CAREFULLY CONSIDERED IN THE LIGHT OF THE SITUATION AT THE TIME AND WILL TAKE INTO ACCOUNT OF THE NEEDS OF BOTH TENANTS AND PROPERTY OWNERS, MR CHAU SAID.

זז

FUEL DUTY REFUND TO KCRC FOR BUS OPERATIONS

A RESOLUTION ALLOWING THE

KOWLOON-CANTON RAILWAY CORPORATION BUS OPERATION IN THE LEGISLATIVE COUNCIL

(KCRC) TO GET A REFUND OF FUEL DUTY FOR ITS NORTHWEST TRANSIT SERVICE AREA WAS PASSED BY THE TODAY (WEDNESDAY).

MOVING A

MOTION

SCHEDULE COMMODITIES ORDINANCE, THE SECRETARY FOR TRANSPORT,

ALLOWED POLICY LEUNG, NOTED THAT THE

OPERATED AND

THE TO AMEND

TO THE

DUTIABLE

EXISTING

OWNED

THE

BY

THE HON MICHAEL DUTY ON LIGHT BUS FRANCHISED

DIESEL OIL USED IN VEHICLES OPERATORS TO BE REFUNDED AT A RATE OF $0.65 PER LITRE.

ΤΟ

THE KCRC WILL OPERATE IN THE NORTHWEST TRANSIT SERVICE AREA, THE LIGHT RAIL TRANSIT SYSTEM AND A NETWORK OF FEEDER BUS SERVICES

REPLACING TRAVEL,

EXISTING FRANCHISED MEET THE DEMAND FOR INTERNAL

BUS SERVICES IN THAT PART OF THE TERRITORY.

"IT IS THEREFORE PROPOSED THAT THE CURRENT FACILITY FOR

OPERATION

KCRC OF FUEL DUTY BE EXTENDED TO THE BUS NORTHWEST TRANSIT SERVICE AREA, SAID MR LEUNG.

OF THE

IN

REFUND THE

帽

UNDER SECTION 4(2) (B) OF

ORDINANCE

ΤΟ SCHEDULE

(CHAPTER 109), LEGCO MAY BY ORDINANCE TO WAIVE OR REMIT ANY DUTY IMPOSED THEREIN TO ANY EXTENT.

THE DUTIABLE COMMODITIES RESOLUTION AMEND

THE

THE

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