XN000022-1988-04-29 — Page 3

FD

FRIDAY, APRIL 29, 1988

THE REPORT ALSO POINTED OUT THAT ALTHOUGH THE ONE-WAY TOLL (PERIMENT HAD SHOWN THAT IT DID NOT HAVE ANY SIGNIFICANT EFFECT ON "TUNNEL THROUGHPUT, IT DID RESULT IN A DIVERSION OF NORTHBOUND TRAFFIC

TO TAI PO ROAD.

IN ORDER

TO MAXIMISR THE "TIDAL-FLOW" PERIOD, THE REPORT INNEFORE PROPOSED THAT THE ONE-WAY TOLL SCHEME SHOULD BE E-INTRODUCED EARLY NEXT YEAR WHEN ADDITIONAL NORTHBOUND CAPACITY WOULD BE AVAILABLE ON TAI PO ROAD WITH THE COMPLETION OF THE STAGE II IMPROVEMENT WORKS.

CONCERNING THE SOUTHBOUND

BUS LANE, THE REPORT RECOMMENDED

THAT ITS OPERATING HOURS SHOULD BE EXTENDED BEYOND 9 O'CLOCK IN THE MORNING AND TO THE EVENING PEAK IF NECESSARY.

FURTHERMORE, A BUS PRIORITY SCHEME ON LUNG CHEUNG ROAD FOR NORTHBOUND JOURNEYS SHOULD ALSO BE IMPLEMENTED ONCE THE ROADWORKS ON LUNG CHEUNG ROAD WERE COMPLETED.

THE REPORT HAD ALSO PROPOSED A NUMBER OF CONTINGENCY MEASURES TO SOLVE CONGESTION ALONG THE CORRIDOR.

ΤΑΙ ROAD

ONE-WAY TOLL PO ROAD BY ΤΟ GENERAL

THESE INCLUDED THE EARLIER INTRODUCTION OF A SCHEME IF NECESSARY AND THE DIVERSION OF TRAFFIC TO CLOSING THE WESTBOUND SLIP ROAD OF LUNG CHEUNG TRAFFIC EXCEPT BUSES.

PROTECTIONIST MEASURES NOT A LASTING REMEDY

*

PROTECTIONIST MEASURES ARE NO LASTING REMEDY FOR ECONOMIC ILLS AND MAY LEAD TO A GENERAL SLOWDOWN OF ECONOMIC DEVELOPMENT FROM WHICH ALL WILL ULTIMATELY EMERGE AS LOSERS, THE SECRETARY FOR MONETARY AFFAIRS, MR DAVID NENDICK, SAID TODAY (FRIDAY).

HE WAS SPEAKING AT THE 21ST ANNUAL MEETING OF THE BOARD OF GOVERNORS OF THE ASIAN DEVELOPMENT BANK IN MANILA.

UNFAIR IF

MR NENDICK SAID SUCH MEASURES WOULD BE PARTICULARLY APPLIED TO HONG KONG BECAUSE THE TERRITORY HAD NEITHER IMPORT TARIFFS NOR QUOTAS AND OFFERED NO FORM OF SUBSIDY TO INVESTORS, MANUFACTURERS OR EXPORTERS.

/"FURTHERMORE," HE