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5.13.
Option (c) has been advocated by the HKSOA who
have cited the examples of the Mass Transit Railway
Corporation (MTRC) and the Kowloon Canton Railway
Corporation (KCRC). Such corporations may indeed be
suitable for financing large capital projects and the
operation of utilities where the physical extent is
defined and the revenue predictable. We do not however
consider it would be appropriate for a "national"
Regulatory Shipping Authority (as described in paragraph
5.1) controlling an indeterminate tonnage world-wide.
5.14.
As regards (e) (i.e. hiving off the operations
of the register as the UK has done in the case small
ships) we can see no justification for this unless there
were to be an unprecedented rise in tonnage. The
operational staff for the existing register of 7 million
gross tons comprises a part-time registrar and three
clerical staff.
5.15.
A disadvantage of a new system is the unknown
reaction of the UK and China to a different system being
brought in when an apparently adequate one which could
survive the transition in 1997, is in place.
soundings with the Chinese have suggested
Unofficial
ie. Good?
つ
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