TNAG-0564-FCO40-659-Construction-of-an-underground-railway-system-in-Hong-Kong-1975 — Page 140

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

Volume III No. 68

94- 21/1(A)

Circulation:

H-769801

16. AFR. 1975

kaggard in

TARGHT

Financial

Service

WEDNESDAY

April 16, 1975

TARGET EXCLUSIVE

HONGKONG'S UNDERGROUND RAILWAY SYSTEM NOT VIABLE : PRESENT FARE STRUCTURE

UNREALISTIC GOVERNMENT EXPECTED TO ENGINEER BIGGEST COVER-UP JOB IN

HONGKONG'S HISTORY SECRET MEETING LAST WEEK RESULTS IN DEADLOCK

By The Publisher, RAYMONDE M. SACKLYN

The Financial Secretary's underground railway system, which is supposed to be paid for by us, is not viable.

EN

TARGET today ascertained this following the discovery of a secret computer run-off made last week which showed, conclusively, that the passenger usage would be insufficient to keep the tube in the black, if the present fare structure now envisaged by the Government is to be maintained.

The Hongkong Government is expected to engineer the biggest cover-up in the

history of Hongkong to keep these computations secret.

Mr Haddon-Cave, the Financial Secretary, will have HIS choo-choo ..... по

matter what it costs US.

The political career of the Financial Secretary now hangs in the balance if

the results of this secret computer run-off are ever made public.

And to go ahead with the underground railway in order to protect the

REPRODUCTION IN PART OR WHOLE OF ANY MATERIAL IS PROHIBITED BY COPYRIGHT

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