XN000022-1988-07-01 — Page 7

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FRIDAY, JULY 1, 1988

ACCOMPANYING THE PARTY WAS MICHAEL LEUNG.

THE

SECRETARY

FOR TRANSPORT, MR

BRIEFED ON

THE DEVELOPMENT OF THE $1 LORD GLENARTHUR WAS

AND YUEN BILLION LIGHT RAIL TRANSIT SYSTEM, WHICH WILL LINK TUEN MUN LONG, AND HAVE MORE THAN 23 KILOMETRES OF TRACK.

KONG, AND THE METHOD OF THE SYSTEM IS ENTIRELY NEW IN HONG

TRANSPORT HERE AS PASSENGERS TICKETING WILL ALSO BE UNIQUE IN RAIL WILL NOT NEED TO PASS THROUGH GATES OR BARRIERS AT TRAIN STOPS.

HE WAS ALSO TOLD THAT THE OPEN FARE SYSTEM WILL RROVIDE A PASSENGERS, THEREBY ENHANCING OF CONVENIENCE FOR DEGREE EFFICIENCY OF THE LIGHT RAIL OPERATION.

HIGH

THE

AFTER TOURING THE CONTROL CENTRE, LORD AIR-CONDITIONED TRAIN FOR A SHORT RIDE.

GLENARTHUR BOARDED AN

THE END SPEAKING TO REPORTERS AT

OF THE TRAIN RIDE, LORD SYSTEM WHICH GLENARTHUR DESCRIBED THE LRT AS AN EXCELLENT AND POPULAR

IN THAT PART OF HONG WOULD BE VERY HELPFUL TO ALL THOSE WHO LIVED

IT KONG, AND PARTICULARLY IN THE FUTURE, WHEN IT WAS POSSIBLE TO LINK ON TO THE REST OF THE TRANSPORT SYSTEM.

HE SAID VERY HIGH STANDARDS ASSURED BY THE SYSTEM.

OF ENGINEERING

AND SAFETY WERE

PRESS THAT HE HAD SEEN NEW THE FUTURE, AS WELL AS

LORD GLENARTHUR ALSO TOLD THE DEVELOPMENTS IN TUEN MUN AND PROPOSALS FOR PLANS FOR REDEVELOPMENT OF VILLAGES,

PRAISE FOR OVERSEAS BANKING INPUT

HONG

PRESENCE IN THE TERRITORY'S UNIQUE MAJOR CENTRE IN THE

MR SECRETARY,

A

INTERNATIONAL DAVID NENDICK,

THE INTEREST OF OVERSEAS BANKS IN ESTABLISHING KONG HAS BLENDED ADMIRABLY WITH ATTRIBUTES TO MAKE HONG KONG A BANKING NETWORK, THE ACTING FINANCIAL SAID THIS (FRIDAY) EVENING.

SPEAKING AT THE 25TH

ANNIVERSARY CELEBRATION

OF

DINNER

BANKERS,

MR

OF THE NENDICK

COUNTRIES WERE NOW

HONG KONG CENTRE OF THE CHARTERED INSTITUTE SAID OVER

BANKS 400 OVERSEAS

51 FROM SOME REPRESENTED IN HONG KONG IN ONE WAY

ANOTHER, THREE-QUARTERS OF THE WORLD'S TOP 100 BANKS.

OR

AND THIS INCLUDED

/HE NOTED