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IN his Budget speech, Sir Hamish Macleod revealed the completion of the property revaluation and suggested a rates cap of 20 per cent in increases in the next two years. He said the revaluation should not be interpreted as ''increases'' but only ''inflationary adjustment''.
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If what Sir Hamish claims is correct, I understand why CMB and KMB have asked for a 19 per cent increase in fares. We should ask from our employers an increase of 20 per cent to reflect the ''cost of living adjustment''.
SAM YEUNG Pokfulam
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