XN000022-1992-05-27 — Page 23

21

WEDNESDAY, MAY 27, 1992

4

MR MATHEWS SAID: "IN THE ABSENCE OF AUTHORITATIVE DECISIONS BY THE COURTS IN

COMMISSION'S RELATION TO THE

LEGISLATION,

CHANGES TO THE COMMISSION'S POWERS ARE THOUGHT TO BE NEITHER NOR APPROPRIATE.

OF THE

SWEEPING SENSIBLE

"THE COMMISSIONER

AGAINST COMMISSION INDEPENDENT

NOT CORRUPTION HAS NEVERTHELESS ASKED ME TO ASSURE MEMBERS THAT IT IS

ΤΟ PUT ASIDE HIS INTENTION, WITH THE ENACTMENT OF THIS BILL, THEN FURTHER CONSIDERATION

THE

AND COMMISSION'S COMPATIBILITY WITH THE BILL OF RIGHTS ORDINANCE.

"HE

OF

LEGISLATION

ITS

IN

IS COMMITTED TO A CONTINUING REVIEW OF THE LEGISLATION

THIS COUNCIL THE LIGHT OF LEGAL ADVICE AND DECISIONS OF THE COURTS.

OF THE AND MEMBERS OF THE AD HOC GROUP WILL BE KEPT FULLY INFORMED PROGRESS OF THAT REVIEW."

REASSURE THIS

ADVERSE EFFECT

HE SAID THE COMMISSIONER HAD ALSO ASKED HIM TO COUNCIL THAT THE AMENDMENTS PROPOSED IN INDEPENDENT COMMISSION AGAINST CORRUPTION (AMENDMENT} BILL 1992 WOULD NOT HAVE ANY UPON THE OPERATION OF THE COMMISSION.

-

KCRC OPERATES SUCCESSFULLY

THE KOWLOON-CANTON RAILWAY CORPORATION (KCRC) IS TO SPEND BILLION FOR INFRASTRUCTURE AND SERVICE IMPROVEMENTS IN THE NEXT YEARS.

ANNUAL REPORT KCRC'S

IN 1991

$4.6 FIVE

THE LEGISLATIVE TABLING THE COUNCIL TODAY (WEDNESDAY), THE FINANCIAL SECRETARY, MR HAMISH MACLEOD,

HO TUNG LAU SAID MAJOR PROJECTS INCLUDED THE REDEVELOPMENT OF THE

AND MORE DEPOT AND MAINTENANCE CENTRE TO PROVIDE BETTER MAINTENANCE STABLING AREA FOR THE KCR FLEET.

OTHER PROJECTS INCLUDED ARE IMPROVEMENT TO SIGNALLING SYSTEM AND STATION FACILITIES; EXPANSION OF THE KOWLOON GOODS YARD FOR BETTER CARGO HANDLING; AND PROVISION OF ADDITIONAL LIGHT RAIL NOISE ABATEMENT MEASURES.

"THE

SUBSTANTIAL INVESTMENT

DEMONSTRATES

VEHICLES AND

CORPORATION'S CONTINUED COMMITMENT TO UPGRADE ITS SYSTEMS TO HIGH QUALITY SERVICES," HE SAID.

MR

MACLEOD SAID

FINANCIAL POSITION IN 1991.

CLEARLY

THE

PROVIDE

THE

KCRC CONTINUED

то

A MAINTAIN

STRONG

OPERATING REVENUE STOOD AT $1,849 MILLION, AN INCREASE OF OVER 1990. INCLUDING INCOME FROM PROPERTY DEVELOPMENT, NET PROFIT THE YEAR WAS $449 MILLION.

16%

FOR

/A DIVIDEND