4
:
Encl. 2
Group considered that a reasonable period would be one
of about 3-4 years, i.e. allowing a practicable
time after surrender for clearance, formation,
servicing and disposal. In the early stages of the Tsuen Wan and Kwai Chung development (when private land surrendered under Letters A and B acquired an entitlement to a local exchange) this aim was
deliberately met as an integral part of the development policy but, in more recent years, when New Territories
úrban development schemes have been dominated by the need to achieve targets for public housing and the
provision of facilities therefor, the allocation of formed land to the private sector has inevitably taken
a second place to the detriment of the expectations of
holders of Letters A and B. At Enclosure 2 is a table
which shows the pattern of the creation of commitments
compared with the land which has been made available
over the last 4 years since the Government first introduced the Letter B tender system (see paragraph 8 of Enclosure 1) Also shown for comparative purposes are estimates of the creation of commitments and land
to be made available over the next four years.
2.3
•
!
The present pattern shows an increasing amount of land resumed over the years, reflecting the increased
tempo of urban development in the New Territories. In
1977, the amount of land resumed was more than 10 million
/square