TNAG-1641-FCO40-2288-Budget-of-Hong-Kong-1987 — Page 57

turnover does not exceed certain prescribed limits will continue to be granted exemption. The increase will be effective from

1 April 1987 and the additional yield will be $20 million in

1987-88. The levy for the Protection of Wages on Insolvency

Fund, currently at a rate of $100, is separate and is not affected by this proposal.

Vehicle and Driving Licence Fees

119.

My second proposal is to increase with immediate effect

vehicle and driving licence fees from the level set last year.

I share my predecessor's view that this is a

is a sensitive area to

often' principle particularly

which

the

'little

and

applies (45). I therefore propose increases of around 5%.

I estimate that the additional revenue accruing from these

increases in 1987-88 will be $45 million.

Visa and Travel Document Fees

120.

My last proposal on fees and charges concerns certain

visa and travel document fees. Most of these fees were last

increased in 1984 (46). I therefore propose immediate increases

averaging 12% for those fees affected. The additional revenue

in 1987-88 will be around $20 million.

Other Fees and Charges

121. A number of other fees and charges, including those in relation to services provided by the Water Supplies Department, the Marine Department and the Registrar General's Department,

are scheduled for their normal regular reviews in 1987.

I expect from these sources additional revenue of about

$115 million in 1987-88 giving rise to $155 million in a full

year.

(45)

1986 Budget Speech, paragraph 106.

(46)

The fees payable for an ordinary visa for Hong Kong and for a change of conditions of stay or an extension of a limit of stay in Hong Kong were further increased in 1985.

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