TNAG-1545-FCO40-2109-Hong-Kong-legislation-for-public-health-and-urban-services-1986 — Page 219

Existing rates

Proposed new rates

Annual Operating

Govern-

Costs Annual

Annual ment

Annual

Annual

Subsidy

Facilities

Prices

Revenue

Deficit Subsidy

Revenue

Deficit Level

$M

Swimming

39.81

$M 6.30

SM

$M

$M

33.51 84.2%

7.81

31.71 79.6%

Pools

Tennis

2.87 0.83

2.04

71%

1.08

1.79 62%

Courts

Squash

3.41 1.50

1.91

56%

1.67

1.75

51%

Courts

Indoor

2.36 0.37

1.99 84.2%

0.43

1.93

81.9%

Games

j

Halls

If the proposed fees are approved, it is estimated that additional revenue of $1.99 million per annum will be generated. This will reduce the estimated deficit arising from the operation of these facilities in the full year 1986-87 from $39.45 million to $37.18 million.

Commencement date

8

If the revised fees are approved,

are approved, it is proposed that the new scale of charges be introduced immediately so that they will take effect prior to the commencement of the swimming season on 1st April 1986.