XN000022-1990-10-23 — Page 4

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TUESDAY, OCTOBER 23, 1990

SAI

THE THIRD LOT, LOCATED AT AH KUNG WAN, CLEARWATER BAY ROAD, KUNG, HAS AN AREA OF ABOUT 1,860 SQUARE METRES AND IS FOR PRIVATE RESIDENTIAL PURPOSES.

THE LOT WAS BOUGHT BY GARCODE COMPANY LIMITED FOR $8.3 MILLION. BIDDING OPENED AT $4.5 MILLION.

THE AUCTION, HELD IN THE JADE BALLROOM OF HOTEL FURAHA KEMPINSKI, WAS CONDUCTED BY GOVERNMENT LAND AGENT, MR NIGEL BURLEY.

TAC RECOMMENDS TEMPORARY FUEL SUPPLEMENT FOR ALL TAXIS

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TODAY

THE TRANSPORT ADVISORY COMMITTEE (TAC)

(TUESDAY) RECOMMENDED A TEMPORARY FUEL SUPPLEMENT FOR ALL TAXIS IN CONSIDERATION OF THE IMPACT OF FUEL PRICE INCREASES ON THE TAXI TRADE.

TAC MEMBERS NOTED THAT AMONG THE VARIOUS PROPOSALS MADE TO THE TRANSPORT DEPARTMENT BY TAXI DRIVERS AND OPERATORS, BOTH THE TAXI TRADE AND THE DEPARTMENT PREFERRED A TEMPORARY FUEL SUPPLEMENT TO A GENERAL FARE REVISION.

TAC SUPPORTED THE VIEW THAT A GENERAL FARE INCREASE WAS "RIGID" AND COULD NOT BE EASILY ADJUSTED OR WITHDRAWN IN LINE WITH FUTURE FUEL PRICE CHANGES.

A GENERAL FARE INCREASE WILL ALSO REQUIRE A MORE COMPREHENSIVE STUDY OF THE OVERALL FINANCIAL SITUATION OF THE TRADE, THEREBY TAKING A MUCH LONGER TIME TO PROCESS BEFORE A CASE COULD BE ESTABLISHED.

MOREOVER, THE LAST GENERAL FARE INCREASE WAS APPROVED ABOUT FIVE MONTHS AGO.

FOR BASY IMPLEMENTATION WITHOUT USING COMPLICATED TABLES SHOWING SCALED CHARGES OR REQUIRING FREQUENT ADJUSTMENTS, A FLAT ADDITIONAL CHARGE IS PROPOSED TO AVOID CAUSING CONFUSION AND DISPUTES BETWEEN THE PASSENGERS AND THE DRIVERS.

OF

THE PROPOSED ADDITIONAL CHARGE WILL ENABLE THE DAILY INCOME AN AVERAGE URBAN, NEW TERRITORIES AND LANTAU TAXI DRIVER то INCREASE BY $30, $33 AND $18 PER SHIFT RESPECTIVELY.

THE TEMPORARY FUEL SUPPLEMENT WILL BE WITHDRAWN ONCE THE COST OF DIESEL OIL FALLS BACK TO ITS PRE-AUGUST 22 LEVEL AND WHEN CONSIDERING THE NEXT ROUND OF APPLICATION FOR TAXI FARE INCREASE, TEMPORARY FUEL SUPPLEMENT WILL BE SUBSUMED INTO THE PROPOSED FARES.

THE

NEW

/TAC'S RECOMMENDATION