With effect from October 18, 1997, it is proposed that road tax for motorcycles be revised as follows :- Motorcycles with Engine Capacity Road Tax (per year) Present Rate (RM) Proposed Rate (RM) Not exceeding 150 cc 50 to 65 50 to 65 Exceeding 150 cc but not exceeding 200 cc 100 100 Exceeding 200 cc but not exceeding 250 cc 100 150 Exceeding 250 cc but not exceeding 500 cc 100 200 Exceeding 500 cc but not exceeding 800 cc 130 300 Exceeding 800 cc 130 400 The present rates of road tax for motorcycles with engine capacity of below 200 cc are maintained in order not to burden the low and medium income group.       It was announced in the Budget Speech that in order to control the high growth of credit and the need to discourage excessive spending on passengers cars, the credit ceiling for hire purchase of passenger cars will be reduced to 70% from the present 75%. The period of repayment will also be reduced to a maximum of 5 years.       In line with the Government's policy to encourage exports of locally manufactured goods and to encourage linkages between companies in Licenced Manufacturing Warehouses (LMW)/Free Industrial Zones (FIZ) with other industries, it was announced in the Budget Speech that the policy on local sales by companies in LMW/FIZ be reviewed as follows :

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