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(c) There is no evidence that the interests of consumers are being compromised by the mode of operation of the market for the supply of diesel and petrol. There are five companies operating in the market and evident competition between them. The Government believes that market forces can be relied upon to ensure healthy competition.

End/Wednesday, November 29, 1995

Land premium of Cathay Pacific's new headquarters

Following is a question by the Hon Lee Wing-tat and a written reply by the Secretary for Economic Services, Mr Gordon Siu, in the Legislative Council today (Wednesday):

Question:

With regard to the land granted by the Provisional Airport Authority (PAA) to the Cathay Pacific Airways Limited (CPA) for the construction of the CPA headquarters, will the Government inform this Council:

(a) of the land premium which the CPA is required to pay to the Government;

(b) how the land premium is determined; whether it is determined on the basis

of recovering the full market value of the land; and

(c) whether the PAA will make known to the public and the Consultative Committee on the New Airport and Related Projects the land premium paid by the CPA; if not, why not?