XN000022-1992-05-26 — Page 15

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TUESDAY, MAY 26, 1992

LEVEL

HYF'S FARES WERE LAST INCREASED IN NOVEMBER 1990 AND THE OF INFLATION SINCE THEN WAS CLOSE TO 18% AS MEASURED BY THE CPI(A).

WHEN ASSESSING THE APPLICATION, TAC MEMBERS NOTED HYF'S SERVICE IMPROVEMENT PLANS IN 1992, INCLUDING -

THE ADDITION OF A SECOND AIR-CONDITIONED DOUBLE-DECKER TO THE TUEN MUN

CENTRAL SERVICE AND EXTENSION OF SELECTED SAILINGS TO WAN CHAI;

-

ADDITIONAL SAILINGS ON THE TSING YI THE PEAK HOURS;

—

CENTRAL SERVICE DURING

FREQUENCY IMPROVEMENTS ON THE CHEUNG CHAU

AND

—

-

CENTRAL SERVICE;

CENTRAL SERVICE,

THE SPLITTING OF THE MUI WO/PENG CHAU PROVIDING MORE DIRECT SERVICES WITH SHORTER JOURNEY TIMES,

MEMBERS ALSO OBSERVED THAT HYF HAD MADE CONSCIOUS EFFORTS ΤΟ COSTS DOWN AND TO GENERATE MORE NON-FAREBOX REVENUE. THEY

KEEP INCLUDE

*

CURTAILMENT OF THREE LOSS-INCURRING SERVICES IN 1991 AND FURTHER RATIONALISATION OF SERVICES IN THE INNER HARBOUR IN 1992; AND

MORE EXTENSIVE ADVERTISING ON HULLS OF VESSELS AND PIER TOPS.

MEMBERS WERE INFORMED THAT HYF PLANNED TO INTRODUCE A 50% DISCOUNT FOR ELDERLY PASSENGERS AGED 65 OR ABOVE WHO TRAVELLED DURING THE OFF-PEAK HOURS ON WEEKDAYS.

TAC.

MEMBERS TOOK ACCOUNT OF WRITTEN REPRESENTATION ADDRESSED TO THE

TAC'S RECOMMENDATION ON HYF'S FARE INCREASE APPLICATION WOULD BE FORWARDED TO THE EXECUTIVE COUNCIL.

SUBSCRIPTION FEES OF TRADE CIRCULARS TO BE REVISED

* * *

TRADE DEPARTMENT PUBLISHES REGULARLY INFORMATION CIRCULARS ΤΟ KEEP LOCAL TRADERS ABREAST OF THE LATEST TRADING SCENES.

THE CIRCULARS, AT PRESENT SUBSCRIBED BY NEARLY 20,000 TRADERS INCLUDE NOTICES TO EXPORTERS, COMMERCIAL INFORMATION CIRCULARS AND CERTIFICATION BRANCH CIRCULARS.

/THE NOTICES