155
ра
吉
UNCLASSIFIED
FM HONG KONG 160552Z OCT 79
HKK 243
RECEIVED IN REGISTRY NO/51 17 OCT 1979
DESK OFFICER
REGISTRY
INDEX
PA
Action Takan
1780
TO ROUTINE MUNICH
TELNO.2 OF 16 OCTOBER,
INFO F C O
BONN,
YOUR TELNO,29: HONG KONG REFUGEES.
1. PLEASE PASS TO SARTORIUS INFORMATION GIVEN IN PARA.2 ON 1774) HOUSING FINANCE SOURCES. ALL FIGURES QUOTED IN HONG KONG
DOLLARS AND ARE ROUNDED OFF.
2.
ANNUAL CAPITAL EXPENDITURE ON HOUSING CURRENTLY AMOUNTS TO 900 MILLION DOLLARS, OF WHICH 90% IS SPENT BY HOUSING AUTHORITY AND 10% BY PUBLIC WORKS DEPARTMENT. MAIN SOURCES OF THESE FUNDS ARE: (A) GOVERNMENT'S DEVELOPMENT LOAN FUND, FROM WHICH HOUSING AUTHORITY THIS YEAR IS DRAWING 550 MILLION, AND (B) GOVERNMENT REVENUE, ACCOUNTING FOR 140 MILLION DOLLARS. BALANCE COMES FROM
VARIED SOURCES, INCLUDING AUTHORITY'S OWN CHARGES AND ASSETS AND A LOAN OF ABOUT 15 MILLION DOLLARS FROM ASIAN DEVELOPMENT BANK
FOR ONE HOUSING ESTATE,
3.
FURTHER INFORMATION ON FINANCE AND ADMINISTRATIVE STRUCTURE
IS GIVEN IN GOVERNMENT FACT SHEET ON HOUSING AND IN RELEVANT
EXTRACT FROM HONG KONG ANNUAL REPORT FOR 1978. COPIES OF BOTH
ARE BEING SPEEDPOSTED TO SARTORIUS.
MACLEHOSE
FILES
SLAD
HKYGD
UND
FED
HIL MURAINI
: