3.
to prefer to accept the promise of a
land exchange rather than cash
compensation.
The Secretary for the
New Territories has in his recent
discussions with you, provided details
of a land exchange programme which will
reduce the outstanding exchange
commitment.
6.
You say that if the proceeds
of sale on land in the New Territories
are spent on public construction
in the New Territories, the Heung
Yee Kuk would support the present levele
of compensation. This is encouraging,
because the proceeds of revenue from
land sales and exchange, is a fraction
of the public funds spent on
construction and development in the
New Territories.
This is evidenced
by the letter to you dated 8th March
1977 in which the Chief Secretary gave
details of many of Government's
proposals for medical services, for
recreational facilities and for other
developments.
The programme of work
is extensive and aims to remedy
deficiencies, where they exist, so