TNAG-1766-FCO40-2520-Hong-Kong-Budget-Appropriation-Ordinance-1988-(No.-23-of-198-1988 — Page 69

Vehicle and driving licence fees

83.

Vehicle registration and driving licence fees were increased last year (36). I propose to increase these fees with immediate effect by about 6%. I estimate that the additional

revenue accruing from these increases will be $62 million in

1988-89.

Bank and deposit-taking company licence and registration fees

84.

Bank and DTC licence and registration fees were last increased in 1986 (37). I propose with effect from 1 April 1988

an 8% increase in these and related fees. Details are given in an Appendix to the printed version of this Speech (38). The

yield in 1988-89 will be around $11 million.

Passenger embarkation and berthing fees

85.

Passenger embarkation and berthing fees were increased in 1985 for Macau ferry services (39). At that time my

predecessor said that, as and when facilities at other terminals

were improved, we would seek to raise additional revenue from

those terminals at which operating costs were not being

recovered.

(36) 1987 Budget Speech, paragraph 119.

(37) 1986 Budget Speech, paragraph 107.

(38) Appendix F(2).

(39) 1985 Budget Speech, paragraph 109.

/86. In

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