TNAG-1606-FCO40-22121-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1987 — Page 202

(b)

2

growth in the economy and real income which

results in an increase in the demand for taxi

services; and

(c) the supply of new licences.

Although the survey results do not provide any direct

evidence that speculation is a major factor, this element

cannot be ruled out entirely when free trading takes place

and the supply of new licences is limited.

The TAC Sub-Committee is examining all feasible

improvements to the current method of issuing taxi

licences.

Appropriate recommendations will be made to

strengthen and improve the current system now in operation.

However, I should point out that our primary concern is the

general quality of taxi service to the public and the

efficiency of our overall transport system in serving the

community. It is important to note that both the quality

and cost of taxi service in Hong Kong are generally

satisfactory.

Even supposing there is speculation it is not

having an obvious effect on the service offered to the

public.