XN000022-1988-06-07 — Page 2

MORE WATER FROM CHINA

TUESDAY, JUNE 7, 1988

HONG KONG HAS ENTERED INTO AGREEMENT WITH CHINA TO INCREASE THE ANNUAL SUPPLY OF WATER OVER

PERIOD FROM 1989/1990 UP ΤΟ 1994/95.

THE

FOR THE CURRENT YEAR (1988-89), CHINA HAS ALSO AGREED TO SUPPLY AN ADDITIONAL 180,000 CUBIC METRES OF WATER DAILY FOR MAY TO SEPTEMBER ON TOP OF THE ANNUAL SUPPLY OF 430 MILLION CUBIC METRES. DURING THIS PERIOD, CHINA MAY INCREASE THE ADDITIONAL SUPPLY TO 280,000 CUBIC METRES PER DAY.

THE AMOUNT OF SUPPLY AS NOW AGREED FOR THE SEVEN-YEAR PERIOD AND THEIR RESPECTIVE PRICES ARE:·

-

YEAR

1988-89

1989-90

1990-91

1991-92

1992-93

1993-94

1994-95

AMOUNT

PRICE

(MILLION CUBIC METRES)

(HK DOLLAR/CUBIC METRE)

430

1.112

500

1.201

535

1.297

570

600

630

660

(PRICES FROM THE YEAR 1991-92 ONWARDS ARE SUBJECT TO FURTHER REVIEW)

THE SUPPLY FROM CHINA STARTS FLOWING EVERY YEAR FROM MAY 1 ΤΟ

THE END OF FEBRUARY THE FOLLOWING YEAR.

SUPPLY LAPSES EACH MARCH AND APRIL TO ENABLE MAINTENANCE AND REPAIRS TO THE SUPPLY SYSTEM BY BOTH SIDES.

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