TNAG-1729-FCO40-2442-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 192

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before the end of 1989 and will provide some relief for

morning peak hour passengers on the currently overcrowded

Nathan Road corridor. The Corporation is also considering

proposals for a possible extension to Junk Bay New Town,

eastern

the western side of Kowloon peninsula.

20.

Sir,

I am satisfied that the Corporation's current л capital structure is adequate, its costs contained, and

its revenue growth sufficient to meet its obligations.

The Board of the Corporation and I are in agreement that

the prospect of any future extension of the MTR must be

carefully examined to ensure that these criteria are

maintained.

of/le XI.

finally

I would like to thank the Chairman and the

л

le Board, and the management and staff of the Mass Transit

le

Railway Corporation for the very efficient and responsible manner in which they have managed the corporation.

affairs of the

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