XN000022-1988-06-09 — Page 6

5

THURSDAY, JUNE 9, 1988

HOWEVER,

THE FRANCHISE EXTENSION,

DOES NOT PERMIT KMB THE RIGHT TO OPERATE BUS SERVICES WITHIN THE NORTH-WEST TRANSIT SERVICE AREA WHICH WILL BE SERVED BY THE LIGHT RAIL TRANSIT AND FEEDER BUS SERVICES OPERATED BY THE KOWLOON-CANTON RAILWAY CORPORATION.

THE GOVERNMENT SPOKESMAN SAID THAT, IN APPROVING KMB'S RECENT APPLICATION, THE GOVERNOR IN COUNCIL HAD CONSIDERED KMB'S CONTINUED IMPROVEMENT TO ITS SERVICES, WHICH IS REFLECTED BY THE GRADUAL DECLINE IN PUBLIC COMPLAINTS ABOUT ITS SERVICES.

PRESS CONFERENCE ON REGULATION OF RETIREMENT SCHEMES

THE ACTING FINANCIAL SECRETARY, MR DAVID NENDICK, WILL RELEASE A CONSULTATIVE DOCUMENT ON PRUDENTIAL REGULATION OF RETIREMENT SCHEMES AT A PRESS CONFERENCE TO BE HELD AT 4 PM TOMORROW (FRIDAY) THE GIS PRESS CONFERENCE ROOM.

IN

YAM,

AND

ALSO

THE ACTING SECRETARY FOR MONETARY AFFAIRS, MR JOSEPH THE DEPUTY SECRETARY FOR MONETARY AFFAIRS, MR STEPHEN IP, WILL BE PRESENT TO EXPLAIN DETAILS OF THE PROPOSED SYSTEM.

NOTE TO EDITORS:

PRESS

MEDIA REPRESENTATIVES ARE INVITED TO COVER THE CONFERENCE WHICH WILL BE HELD IN THE GIS PRESS CONFERENCE ROOM, FIFTH FLOOR, BEACONSFIELD HOUSE, QUEEN'S ROAD CENTRAL, AT 4 PM TOMORROW (FRIDAY).

COPIES OF THE

CONSULTATIVE DOCUMENT WILL BE AVAILABLE FOR ADVANCE READING FROM 3.30 PM. PLEASE NOTE THAT CONTENTS OF THE DOCUMENT ARE NOT FOR RELEASE BEFORE THE START OF THE CONFERENCE.

/6