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THURSDAY, JUNE 20, 1991

NEW STRATEGIC ROAD TO COME INTO USE ON JUNE 26

* *

THE ENTIRE ROUTE 6

—

EXPRESSWAY A NEW STRATEGIC

CONNECTING SHA TIN IN THE EASTERN NEW TERRITORIES AND QUARRY BAY ON HONG KONG ISLAND WILL COME INTO USE ON JUNE 26.

THE TATE'S CAIRN TUNNEL IS THE FINAL LINK IN THE NEW ROUTE 6.

IT WILL BE OPENED TO TRAFFIC ON JUNE 26. AN ANNOUNCEMENT WILL BE MADE IN THE GOVERNMENT GAZETTE TOMORROW (FRIDAY).

THE TUNNEL WILL BE OPENED AT 8 PM. THE GOVERNOR, SIR DAVID WILSON, WILL OFFICIALLY OPEN IT ON JULY 1.

AS FROM JUNE 26,

MOTORISTS WILL BE ABLE то ENJOY AN UNINTERRUPTED JOURNEY ON THIS NEW ROUTE BETWEEN THE TOLO HIGHWAY NEAR THE CHINESE UNIVERSITY AND QUARRY BAY VIA NEW TRUNK ROADS CONNECTING INTO THE TATE'S CAIRN TUNNEL, PRINCE EDWARD ROAD INTERCHANGE, KWUN TONG BY-PASS AND THE EASTERN HARBOUR CROSSING.

THE JOURNEY WILL TAKE ABOUT 25 MINUTES.

ROUTE 6 IS AN 18-KILOMETRE LONG EXPRESSWAY WITH A SPEED LIMIT OF 80 KPH.

CONSTRUCTION OF THE TATE'S CAIRN TUNNEL STARTED IN JULY 1988 AND WAS COMPLETED AHEAD OF SCHEDULE BY NEARLY TWO MONTHS.

THE ADJOINING GOVERNMENT ROADWORKS WERE ALSO COMPLETED AHEAD OF SCHEDULE TO TIE IN WITH THE OPENING OF THE TUNNEL.

ROUTE 6 IS EXPECTED TO BRING SUBSTANTIAL RELIEF TO CONGESTION AT THE LION ROCK TUNNEL AND TO ENCOURAGE MORE MOTORISTS ΤΟ USE THE EASTERN HARBOUR CROSSING.

CENTRALISED COLLECTION TO REDUCE STOCKBROKERS' DEALINGS COSTS

THE GOVERNMENT IS PROPOSING TO PERMIT THE STOCK EXCHANGE

то AND COLLECT ON IT'S BEHALF STAMP DUTY ON SHARE TRANSACTIONS

OF

COLLECTOR

INTERVALS THE AT REGULAR

COLLECTIONS ΤΟ THE REVENUE, A GOVERNMENT SPOKESMAN SAID TODAY (THURSDAY).

TO REMIT STAMP

IMPLEMENTATION OF THIS CENTRALISED COLLECTION SYSTEM IS EXPECTED TO REDUCK STOCKBROKERS' DRALING COSTS.

STAMP IT WITH

THE

CURRENTLY ANY STOCKBROKER EFFECTING A SALE OR PURCHASE OF HONG

EXECUTE A CONTRACT KONG STOCK MUST

NOTE AND PRESCRIBED AMOUNT OF DUTY.

/THE STAMPING