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Official Record of Proceedings HONG KONG LEGISLATIVE COUNCIL — 26 April 1995 3257 OFFICIAL RECORD OF PROCEEDINGS Wednesday, 26 April 1995 The Council met at half-past Two o'clock PRESENT THE PRESIDENT THE HONOURABLE SIR JOHN SWAINE, C.B.E., LL.D., Q.C., J.P. THE CHIEF SECRETARY THE HONOURABLE MR MICHAEL SUEN MING-YEUNG, C.B.E., J.P. THE FINANCIAL SECRETARY THE HONOURABLE SIR NATHANIEL WILLIAM HAMISH MACLEOD, K.B.E., J.P. THE ATTORNEY GENERAL THE HONOURABLE JEREMY FELL MATHEWS, C.M.G., J.P. THE HONOURABLE ALLEN LEE PENG-FEI, C.B.E., J.P. THE HONOURABLE MRS SELINA CHOW LIANG SHUK-YEE, O.B.E., J.P. THE HONOURABLE HUI YIN-FAT, O.B.E., J.P. THE HONOURABLE MARTIN LEE CHU-MING, Q.C., J.P. DR THE HONOURABLE DAVID LI KWOK-PO, O.B.E., LL.D., J.P. THE HONOURABLE NGAI SHIU-KIT, O.B.E., J.P. THE HONOURABLE PANG CHUN-HOI, M.B.E. THE HONOURABLE SZETO WAH THE HONOURABLE TAM YIU-CHUNG THE HONOURABLE ANDREW WONG WANG-FAT, O.B.E., J.P. THE HONOURABLE LAU WONG-FAT, O.B.E., J.P. THE HONOURABLE EDWARD HO SING-TIN, O.B.E., J.P. THE HONOURABLE RONALD JOSEPH ARCULLI, O.B.E., J.P. THE HONOURABLE MARTIN GILBERT BARROW, O.B.E., J.P. 3258 HONG KONG LEGISLATIVE COUNCIL — 26 April 1995 THE HONOURABLE MRS PEGGY LAM, O.B.E., J.P. THE HONOURABLE MRS MIRIAM LAU KIN-YEE, O.B.E., J.P. THE HONOURABLE LAU WAH-SUM, O.B.E., J.P. DR THE HONOURABLE LEONG CHE-HUNG, O.B.E., J.P. THE HONOURABLE JAMES DAVID McGREGOR, O.B.E., I.S.O., J.P. THE HONOURABLE MRS ELSIE TU, C.B.E. THE HONOURABLE PETER WONG HONG-YUEN, O.B.E., J.P. THE HONOURABLE ALBERT CHAN WAI-YIP THE HONOURABLE VINCENT CHENG HOI-CHUEN, O.B.E., J.P. THE HONOURABLE MARVIN CHEUNG KIN-TUNG, O.B.E., J.P. THE HONOURABLE CHEUNG MAN-KWONG THE HONOURABLE CHIM PUI-CHUNG THE HONOURABLE FREDERICK FUNG KIN-KEE THE HONOURABLE TIMOTHY HA WING-HO, M.B.E., J.P. THE HONOURABLE MICHAEL HO MUN-KA DR THE HONOURABLE HUANG CHEN-YA THE HONOURABLE SIMON IP SIK-ON, O.B.E., J.P. DR THE HONOURABLE LAM KUI-CHUN DR THE HONOURABLE CONRAD LAM KUI-SHING, J.P. THE HONOURABLE EMILY LAU WAI-HING THE HONOURABLE LEE WING-TAT THE HONOURABLE ERIC LI KA-CHEUNG, J.P. THE HONOURABLE FRED LI WAH-MING THE HONOURABLE MAN SAI-CHEONG THE HONOURABLE STEVEN POON KWOK-LIM THE HONOURABLE HENRY TANG YING-YEN, J.P. HONG KONG LEGISLATIVE COUNCIL — 26 April 1995 3259 THE HONOURABLE TIK CHI-YUEN THE HONOURABLE JAMES TO KUN-SUN DR THE HONOURABLE SAMUEL WONG PING-WAI, M.B.E., J.P. DR THE HONOURABLE PHILIP WONG YU-HONG DR THE HONOURABLE YEUNG SUM THE HONOURABLE HOWARD YOUNG, J.P. THE HONOURABLE ZACHARY WONG WAI-YIN DR THE HONOURABLE TANG SIU-TONG, J.P. THE HONOURABLE CHRISTINE LOH KUNG-WAI THE HONOURABLE ROGER LUK KOON-HOO THE HONOURABLE ANNA WU HUNG-YUK THE HONOURABLE JAMES TIEN PEI-CHUN, O.B.E., J.P. THE HONOURABLE ALFRED TSO SHIU-WAI THE HONOURABLE LEE CHEUK-YAN ABSENT THE HONOURABLE MOSES CHENG MO-CHI REV THE HONOURABLE FUNG CHI-WOOD IN ATTENDANCE MR ANTHONY GORDON EASON, C.B.E., J.P. SECRETARY FOR PLANNING, ENVIRONMENT AND LANDS MR NICHOLAS NG WING-FUI, J.P. SECRETARY FOR CONSTITUTIONAL AFFAIRS MR DOMINIC WONG SHING-WAH, O.B.E., J.P. SECRETARY FOR HOUSING MRS KATHERINE FOK LO SHIU-CHING, O.B.E., J.P. SECRETARY FOR HEALTH AND WELFARE 3260 HONG KONG LEGISLATIVE COUNCIL — 26 April 1995 MR PETER LAI HING-LING, J.P. SECRETARY FOR SECURITY MR KWONG KI-CHI, J.P. SECRETARY FOR THE TREASURY MRS REGINA IP LAU SUK-YEE, J.P. SECRETARY FOR TRADE AND INDUSTRY MRS LESSIE WEI CHUI KIT-YEE, J.P. SECRETARY FOR FINANCIAL SERVICES MR KEITH KWOK KA-KEUNG, J.P. SECRETARY FOR WORKS THE DEPUTY SECRETARY GENERAL MR LAW KAM-SANG HONG KONG LEGISLATIVE COUNCIL — 26 April 1995 3261 PAPERS The following papers were laid on the table pursuant to Standing Order 14(2): Subject Subsidiary Legislation L.N. No. Building (Energy Efficiency) Regulation..................................................... 144/95 Dutiable Commodities (Amendment) Regulation 1995................................................................................... 145/95 Firearms and Ammunition (Amendment) Regulation 1995................................................................................... 146/95 Firearms and Ammunition (Storage Fees) (Amendment) Order 1995 .................................................................... 147/95 Massage Establishments (Amendment) Regulation 1995................................................................................... 148/95 Public Health and Municipal Services Ordinance (Public Pleasure Grounds) (Amendment of Fourth Schedule) (No. 3) Order 1995.............................................................. 149/95 Public Swimming Pools (Urban Council) (Amendment) Bylaw 1995 ................................................................... 150/95 Official Languages (Authentic Chinese Text) (Bankruptcy Ordinance) Order............................................................. (C)31/95 Sessional Papers 1994-95 No. 77 - Report of changes to the approved Estimates of Expenditure approved during the third quarter of 1994-95 Public Finance Ordinance : Section 8 No. 78 - Mass Transit Railway Corporation Annual Report 1994 No. 79 - Kowloon-Canton Railway Corporation Annual Report 1994 No. 80 - Report of the Director of Audit on the results of value or money audits March 1995 Director of Audit's Report No. 24 3262 HONG KONG LEGISLATIVE COUNCIL — 26 April 1995 OATH Mr Michael SUEN Ming-Yeung took the Legislative Council Oath. ADDRESSES Mass Transit Railway Corporation Annual Report 1994 FINANCIAL SECRETARY: Mr President, in accorance with section 16(4) of the Mass Transit Railway Corporation (MTRC) Ordinance, I table the annual report and accounts of the Corporation for the year ended 31 December 1994. In 1994, the MTR carried 804 million passengers, 3% more than 1993. Fare revenue increased by 12.8% to $4,315 million, while total operating costs increased by 13.5% to $2,236 million. Interest and finance charges were $1,269 million, 1.4% higher than last year. The Corporation earned a net profit of $1,038 million compared with $735 million in 1993. Cumulative losses were reduced to $1,295 million. We are very pleased that following the signing of the Agreed Minute on the financing for the Airport and the Airport Railway, the Finance Committee's approval was obtained last November for a total equity of $23.7 billion to be committed for the Airport Railway project. This has since enabled the Corporation to make significant progress in letting some of the major contracts, whilst discussion on the Financial Support Agreement continues. It is encouraging to note that the Corporation expects to complete the project within budget. The Corporation is committed to providing a safe, reliable and efficient service and has plans to spend $8 billion on major improvement projects by the year 2000. In an effort to achieve greater transparency and accountability, it has published two booklets to provide Members with more financial and operational information. Performance pledges have once again been set and the results made public. I would like to pay tribute to Mr Hamish MATHERS, who has retired last month, and thank the Board, the management and the staff of the MTRC for another fruitful year and wish the new Chairman and the Corporation continuing success. HONG KONG LEGISLATIVE COUNCIL — 26 April 1995 3263 Kowloon-Canton Railway Corporation Annual Report 1994 FINANCIAL SECRETARY: Mr President, in accordance with section 14(5) of the Kowloon-Canton Railway Corporation Ordinance, I table the annual report and accounts of the Corporation for the year ended 31 December 1994. The Corporation maintained a strong financial position in 1994. Operating revenue stood at $2,668 million, an increase of 10% over 1993. Including the income from property development, net profit for the year was $1,124 million. No dividend was paid to the Government this year after fully taking into account the Corporation's cash flow requirements and investment needs, particularly arising from the invitation to the Corporation to submit proposals to construct the Western Corridor project announced in the Railway Development Strategy. During 1994, major improvements were made to enhance customer service on both the Kowloon-Canton Railway (KCR) and the Light Rail Transit (LRT) System, the two core services operated by the Corporation. Punctuality was improved, with the KCR achieving an average of 99.4% and the LRT an average of 98.9%. The KCR carried 220 million passengers in 1994, an increase of 7% over 1993. Of these, 40 million passengers travelled to and from Lo Wu, an increase of 8%. Through train traffic between Kowloon and Guangzhou decreased by 14% to 2.5 million. To improve passenger comfort, the waiting areas at Lo Wu Station have been enclosed and air- conditioned. Work to enlarge the subway at Kowloon Tong Station linking the KCR and MTR has been progressing well and is near completion. The LRT carried 130 million passengers in 1994, an increase of 11%. During the year, Phase 3 of the Tin Shui Wai Extension was completed and came into service in March 1995. Platforms at various stops were widened, platform shelters extended, and more service information was provided to passengers. During the year, the Corporation's freight services faced very keen competition, with modest declines recorded for inbound traffic from 2.3 million tonnes to 2.1 million tonnes, and for outbound traffic from 1.2 million tonnes to 1.1 million tonnes. The Corporation has planned to invest $7 billion in infrastructure and service improvements by the end of the decade. A number of major projects are already underway. To summarize, the Corporation has continued to operate successfully and credit goes to the Chairman, the Managing Board, as well as the management and the staff of the Corporation for their achievements in the past year.
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