XN000022-1988-03-02 — Page 29

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WEDNESDAY, MARCH 2, 1988

TURNING ΤΟ TOBACCO, MR JACOBS SAID THAT HE PROPOSED INCREASE THE DUTY ON CIGARETTES FROM $165 TO $175 THE DUTY ON CIGARS WOULD BE INCREASED FROM $220 TO $233 A KILOGRAM; ON SMOKING TOBACCO FROM $200 TO $212 A KILOGRAM; AND ON CHINESE PREPARED TOBACCO FROM $43 TO $45.50 A KILOGRAM.

ΤΟ

PER

1,000

STICKS.

MR JACOBS ESTIMATED THE ADDITIONAL REVENUE INCREASES TO BE $69 MILLION IN 1988-89.

YIELD

FROM THESE

ALL THE CHANGES IN DUTY RATES WERE THE SUBJECT OF PUBLIC REVENUE PROTECTION ORDERS AND CAMR INTO EFFECT THIS AFTERNOON.

INCREASE IN FEES AND CHARGES PROPOSED

PIERS

YIELD

THE FINANCIAL SECRETARY, THE HON

JACOBS, HAS PROPOSED INCREASES IN A NUMBER OF FEES AND CHARGES WHICH ARE EXPECTED TO ABOUT $100 MILLION IN REVENUE FOR 1988-89.

ADDITIONAL REVENUE OF ABOUT $81 MILLION IN 1988-89 IS EXPECTED FROM THE NORMAL REGULAR REVIEW OF SOME OTHER FEES AND CHARGES.

IN

PRESENTING HIS BUDGET IN THE LEGISLATIVE COUNCIL (WEDNESDAY), MR JACOBS SAID THESE PROPOSED INCREASES WERE

DEPOSIT-TAKING OF VEHICLE AND DRIVING LICENCE FEES; BANK AND LICENCE AND REGISTRATION FEES; PASSENGER EMBARKATION AND FEES, AND POSTAL AND TELECOMMUNICATION FEES AND CHARGES.

TODAY

RESPECT COMPANY BERTHING

MR JACOBS PROPOSED THAT VEHICLE REGISTRATION AND DRIVING LICENCE FERS BE INCREASED WITH IMMEDIATE EFFECT BY ABOUT SIX PER CENT.

HE ESTIMATED THAT THE ADDITIONAL REVENUE ACCRUING INCREASES WOULD BR $62 MILLION IN 1988-89.

DTC ON BANK AND

FROM THESE

LICENCE AND REGISTRATION FEES,

MR JACOBS RELATED FEES WITH PROPOSED AN EIGHT PER CENT INCREASE IN THESE AND

AROUND THE YIELD IN 1988-89 WOULD BE

#11 EFFECT FROM APRIL 1, 1988. MILLION.

AS REGARDS PASSENGER EMBARKATION AND BERTHING FEES,

GOVERNMENT SAID THAT IN RECENT YEARS THE

HAD INVESTED

CATER ADDITIONAL RESOURCES TO

FOR THE GROWTH IN PASSENGER FERRY TRAFFIC TO CHINA.

MR JACOBS

CONSIDERABLE

/"IN ACCORDANCE