G.F. 323
CONFIDENTIAL
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5
機密
Organisation
Hongkong Tramways Ltd.
Hongkong & Yaumati Ferry
Co., Ltd.
Kowloon-Canton Railway
Kowloon Motor Bus Co.,
(1933) Ltd.
Comments/Suggestions
Preference for a 20 cent coin and to
work in multiples of 10 cents.
(i) Utilizes automatic coin machines.
(ii) In favour of 20 and 30 cent coins.
(iii) 5 cent coin obsolete.
(iv) $1 coin too large, resulting in collection
and storage problems.
(v) $5 coin, if introduced, should be smaller
than the present $1 coin.
(1) Proposing to introduce automatic ticket
vending machines.
(ii) In favour of 25 cent and $2 coins. (iii) In future, fares may be rounded off to
the nearest 50 cents and hence half fares
would result in 5 cents.
(i) Handle over 1 million coins a day and
estimate this will be 2.5 million by 1975. (ii) Planning to install new automatic coin.
collection and extraction equipment
(estimated cost $7 million), which
requires the use of round and fairly
uniform coins.
(iii) Favour 20 and $2 coins; suggest
demonetization of 56 piece; $5 coin
no advantage to Company.
(iv) Suggested sizes: 20 piece half-way
between present 10 and 50% pieces, $2
piece half-way between present 50% and
$1 pieces.
(v) Anxious for early decision so that collection
equipment requirements can be finalized.
/....
CONFIDENTIAL #
機密
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