TNAG-1362-FCO40-1808-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1985 — Page 141

SPEECH BY THE HONOURABLE THE FINANCIAL SECRETARY IN LEGISLATIVE COUNCIL WEDNESDAY 1 MAY 1985

Road Traffic (Driving Licences Regulations and Registration and Licensing of Vehicles Regulations)

(Amendment) Bill 1985

Sir,

I move the second reading of the Road Traffic (Driving Licences Regulations and Registration and Licensing of Vehicles Regulations) (Amendment) Bill 1985.

This Bill provides for the increases in the fees for the annual registration of motor vehicles, provisional and full driving licences and driving tests as described in paragraphs 105 to 107 of my Budget Speech.

The revised rates are set out in clauses 2 and 3 of

the Bill which amend the Second Schedule to the Road Traffic

(Driving Licences) Regulations and the Second Schedule to the Road Traffic (Registration and Licensing of Vehicles) Regulations.

They came into effect at 2.30 p.m. on 27 February 1985 as a result of an Order signed by Your Excellency under

the Public Revenue Protection Ordinance. The additional

revenue yield from the increased fees for 1985-86 is estimated to be $67 million.

Sir, I beg to move.