XN000022-1988-04-27 — Page 14

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WEDNESDAY, APRIL 27, 1988

SHE ADDED THAT A MAJOR BREAKTHROUGH WAS THE GOVERNMENT'S DECISION TO PROCEED WITH PREPARATIONS ΤΟ INTRODUCE CONSUMER SAFETY

ANNOUNCED BY THE GOVERNOR, SIR LEGISLATION, WHICH HAD BEEN

DAVID KNOW" CAMPAIGN LAST WILSON, WHEN HE OPENED THE "CONSUMERS' RIGHT TO SATURDAY,

ONLY BE USED

ITS

"ALTHOUGH IT IS ENVISAGED THAT SUCH A LAW WOULD IN RARE CIRCUMSTANCES WHEN THE SALE OF PRODUCTS POSING AN IMMEDIATE HEALTH AND SAFETY THREAT WOULD BE CONTROLLED OR BANNED, IMPORTANCE NEVERTHELESS WARRANTS PRIORITY TREATMENT," SHE SAID.

MTR EASTERN HARBOUR EXTENSION WILL HELP EASE CONGESTION

* * * * *

BEFORE THE END OF THE EASTERN HARBOUR CROSSING, DUE TO OPEN

TONG NEXT YEAR, WILL EXTEND THE MASS TRANSIT RAILWAY SYSTEM FROM KWUN

HOUR PASSENGERS ON TO QUARRY BAY, PROVIDING RELIEF FOR MORNING PEAK THE CURRENTLY OVERCROWDED NATHAN ROAD CORRIDOR.

THIS WAS SAID BY THE FINANCIAL SECRETARY, THE HON PIERS JACOBS, WHEN TABLING THE MASS TRANSIT RAILWAY CORPORATION ANNUAL AT TUR LEGISLATIVE COUNCIL MEETING TODAY (WEDNESDAY).

REPORT 1987

TUF

MR JACORS NOTED THAT IN 1987, THE FIRST FULL YEAR

THE CORPORATION MTH SYSTEM, COMPLETE)

INCREASE OF 11.1 PER PASSENGERS, REPRESENTING AN MILLION CARRIED IN 1986.

OF CARRIED 593 CENT OVER

OPERATING MILLION THE 532

FARES ROSE BY 18 PER "THE CORI DRATION'S TOTAL REVENUE FROM

FROM ACTIVITIES SUCH CENT TO $1,850 MILLION, AND ADDITIONAL REVENUE,

$202 AS ADVERTISING AND INVESTMENT PROPERTIES, ROSE BY 20 PER CENT TO

MILLJON.

FINANCE CHARGES "THE CORPORAT LON'S PROFIT BEFORE INTEREST AND

IN INCREASED BY 38 PER CENT FROM $472 MILLION IN 1986 TO $651 MILLION 1987.

THE CORPORATION CONTINUES TO

HE SAID),

'SUCH RETURNS DEMONSTRATE THAT KEEP TIGHT CONTROL OF ITS COSTS,

MAJOR INVESTMENT

MR JACOBS POINTED OUT THAT THE CORPORATION'S IN THE THREE RAILWAY LINES, FUNDED PRINCIPALLY BY DEBT, WAS COMPLETED.

/"LAST YEAR