"
'Also, even with the increases, local and surface mail services will continue to operate at a deficit," he added.
There are also increases in some of the miscellaneous fees and charges that at present are operating at a deficit. The notable example is registration fee which will be increased from $11 to $13.
Also, annual rental for post office boxes will be increased, for example, from $570 to $650 for large boxes and from $450 to $500 for small boxes at the General Post Office and the Tsim Sha Tsui Post Office.
Rentals at other post offices attract smaller increases.
Owing to the tremendous increase in requests for redirection of mail, the Post Office is incurring a substantial loss for this service.
To recover costs, the redirection service which is currently provided free for the first three months will be charged at $100 for private users and $300 for business
users.
End/Tuesday, March 7, 1995
Governor to attend Fortune Global Forum
The Governor, the Rt Hon Christopher Patten, will leave for Singapore tomorrow (Wednesday) to attend a world business forum organised by the Fortune magazine group.
Mr Patten will give a keynote address at a breakfast session of the "Fortune Global Forum" on Thursday (March 9).
Top policy makers and prominent business leaders from different countries have been invited to take part in the forum, which will last from March 8 to 10. They include the Prime Minister of Singapore, Mr Goh Chok Tong, the Senior Minister, Mr Lee Kuan Yew, the Prime Minister of Pakistan, Ms Benazir Bhutto, and former UK Prime Minister, Lady Thatcher.
Mr Patten will deliver a speech entitled "Freedom Under The Law - The Right Road To Prosperity".
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