CONFIDENTIAL 機密

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on the advice of the Executive Council recently, had

been to earmark about half the area for recreation

and the rest for development.

The spokesman explained that an earlier

proposal to site a Government building in Murray

Barracks had been abandoned. Instead, it will be

sited close to a new Supreme Court building which will

front Queensway and be adjacent to the proposed develop-

ment area. Flagstaff House, the present home of the

Commander British Forces, will be retained.

It was emphasised that the Government had been

concerned to ensure that the release of land produced

benefits for the population of Hong Kong at large, as

well as those who might enjoy the additional amenity

which would be afforded to the Central area and Wanchai.

"By reserving some land for private development in the

barracks area, it is estimated that a sum approaching

$700 million might be raised in sales, and by resiting

the proposed Government office building from the Murray

Barracks Area to Queensway, sites in the former area

would be released for sale and could raise more than

$400 million" the spokesman added.

"Equally, the Government is concerned that

the very best use should be made of the recreational

G.F. 323

CONFIDENTIAL

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