183878-1931-Supplementary-Tenders-invited-for-Passenger-and-Vehicles-Ferry — Page 4

894

(h) Lorry exceeding 1 ton -

(i) Load projecting beyond the length of the vehicle-

(j) Hand Truck empty or full

(k) Vehicle drawn by not more than 2 animals.

(7) Each additional' animal-

(m) Cattle, per head

(n) Horses, per head

(o) Sheep, per head

$1.00 for the first ton.

.50 for each additional

ton or part thereof.

.15 for each lineal foot load

projects.

1.00

1.20

.30

.20

.20

.05

.05

(p) Pigs, per head

(2) Every tenderer must submit with his tender an itemised list of maximum fares and charges contemplated by his tender. Alternative lists and alternative royalties - --see paragraph 5-may be submitted, but at least one list must be in conformity with Lists A and B in sub-paragraph (1) of this paragraph 4.

(3) It is pointed out that references to charges, as distinguished from passenger fares, and the inclusion of such charges in any ferry licence, is in connection with the royalty hereinafter mentioned, and implies no monopoly to the licensee in the matter of the carriage of things of any description, not in combination with a passenger service. (See section 2 of the Ferries Ordinance, 1917).

(4) The said lists of maximum fares and charges must relate to the fares and charges to be taken and made during the first three years of the said period of 15 years. On the expiration of the said three years and at any time and from time to time thereafter the fares and charges to be taken and made shall be the current fares and charges fixed by the Governor in Council for the ferry service and deemed by him to be fair and reasonable having regard as well to the licensee as to the general public.

RENT AND ROYALTIES OR PERCENTAGE OF PROFITS.

5.-(1) A fixed monthly rent or sum, to be paid without any deduction, and royalties and, as an alternative to royalties, an annual payment based on the profits of the under- taking or service, as hereinafter mentioned, shall be offered by every tenderer.

(2) The royalties to be offered shall be sums for every passenger-members of the Hong Kong Police Force carried free as before mentioned will not be computed-an for every thing conveyed. Such royalties shall be paid on the 7th day of each month in respect of the persons and things conveyed during the preceding month, and shall be accompanied by full and complete monthly traffic accounts for such preceding month. The amount of royalty offered shall be set opposite each fare or charge item proposed to be made.

(3) The percentage of profits, to be paid to Government annually not later than three months from the termination of each financial year of the licensee's undertaking, and to be offered as an alternative to royalties, shall be a percentage of the net profits of the licensee's undertaking, as herein defined, that is to say--

The sum of money, which less any sum carried forward from the working account of the previous year shall be annually appropriated and applied by the licensee towards the payment of interest on debentures or loans, dividends or bonuses or in or towards the formation or increase of a reserve fund, and shall include any sum carried forward to the working account of the succeeding year and all sums in excess of 5 per cent per annum written off for depreciation of ferry vessels, provided that the cost of all additions will be charged to capital account, and for the purpose of determining the amount of the said depreciation the licensee shall furnish the Government with full details of the cost of the ferry vessels, and should the cost of such ferry vessels appear to the Government to be in excess of the sum fairly chargeable for the same to capital account, then the Government and the licensee shall, in the event of their being unable to come to an agreement as to the sum fairly chargeable for the same, refer the question as to such amount to arbitration.