TNAG-1606-FCO40-22121-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1987 — Page 254

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SECRETARY FOR TRANSPORT: Sir, based on the results

the results of the last

six tender exercises, the value of profits has ranged from

about $40,000 upwards to $100,000. This is not unreasonable

having regard to the amount of investment

amount of investment that operators have

put in to the taxi tendering. So I think in general terms the

taxi operation is not making excessive profit but neither is

speculation having an adverse effect on the system.

DR. LAM (in Cantonese): Mr. Chairman, under what circumstances

will the Government consider issuing more urban taxi

taxi and

and NT

taxi licences to reduce speculation activities?

SECRETARY FOR TRANSPORT: Sir, the existing policy on urban

taxis is that Government will issue 200 licences per year. For

New Territories' taxis the present policy is not to issue any

more licences. Under the existing policy the Government will

review the policy every two years and the next review is due in

1988. In the meantime the Government looks forward to the

sub-committee's recommendations

should be reviewed.

as regards whether the policy