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Untitled - HKU Libraries - The University of Hong Kong

Untitled - HKU Libraries - The University of Hong Kong

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FIGURE 3.2:CHANGES IN ANNUAL LICENCE FEESRelative To 1966 - 1.0148- Motorcycle" mmm Private Car- Private Light Bua- Qoode VehiclePLB- Taxi- Franchisee! Bus^— Inflation Index70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89Private Cars3.2.6 <strong>The</strong> growth in the car and motorcycle fleet over the period 1976-1988 is shown inFigure 3.3. As noted earlier, the vehicle taxation measures over this period concentratedon private cars and motorcycles. First Registration Tax was increased in both1978 and 1979 and then doubled in 1 982. Annual licence fees increased by over sixtimes over the period, including a tripling in 1982; after adjustment for inflation, thisrepresents a real increase <strong>of</strong> about three times over the period.FIGURE 3.3:LICENSED PRIVATE CARS AND MOTORCYCLES200 -Thousands (Mid-Year)150-10076 77 78 79 80 81 82 83 84 86 86 87 88M/C Car van Car

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