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In each case, no compensation will be paid by Hong Kong as was the practice in some instances in the past. This provision is clearly stated in the new agreement. It will apply also to any future releases of land that is no longer required for the garrison.
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All but four acres of the Victoria Barracks site is scheduled to be returned to the Government by March 31, 1979. The headquarters and other units now in the barracks will be rehoused in a new complex to be built inside II.M.S. Tamar.
The four-acre site which is being retained by the Army is in one corner of the barracks and contains a newly-built multi-storey block; further quarters will be constructed on the site, as part of the reprovisioning of the barracks.
The cost of repositioning the R.A.F. at Sek Kong and the Army and Joint Services Headquarters at HMS Tamar will be borne by the Hong Kong Government, at an estimated cost of $175 million.
A Government spokesman said that the revenue to be realised as a result of developing R.A.F. Kai Tak and Victoria Barracks, after they have been vacated, will obviously depend on the decisions taken for their eventual use.
"The revenue is, however, likely to be substantial and the return from the sale of only a part of these large areas will more than cover the..cost of
reprovisioning."
/The