PROPOSAL HAS BEEN UNDERTAKEN SINCE 1976 AND THE LATEST POSITION IS
THAT A FINANCIAL STUDY WITH RESPECT TO THE VIABILITY OF THE PROJECT
HAS JUST BEEN COMPLETED AND A RECOMMENDATION WILL BE MADE TO THE EXECUTIVE COUNCIL SHORTLY.
16. THE IMPORTANCE OF CONTINUED INVESTMENT BY INDUSTRY IN MODERN PLANT AND EQUIPMENT WAS AGREED. FOR ITS PART, THE GOVERNMENT UNDERTAKES TO CONTINUE TO ENSURE THE PROVISION OF AN EFFICIENT
INFRASTRUCTURE AND SUPPORT SERVICES AND DRAWS ATTENTION TO THE
WIDE-RANGING ACTIVITIES IN THE INDUSTRIAL INVESTMENT PROMOTION PROGRAMME BOTH LOCAL AND OVERSEAS (ST#).
GUANGDONG NUCLEAR POWER PLANT PROJECT
17. SES ANNOUNCED THAT THE GOVERNMENT WOULD BE WILLING, FM PRINCIPLE, TO ENDORSE AN APPROPRIATE OFF-TAKE AGREEMENT: AND THAT, AS SOON AS PRACTICABLE, STEPS WOULD BE TAKEN WITH OTHER INTERESTED PARTIES TO FORM THE HONG KONG NUCLEAR INVESTMENT COMPANY, WHICH
WILL BE THE HONG KONG PARTNER IN THE JOINT VENTURE WITH THE
GUANGDONG POWER COMPANY, TO BUILD, COMMISSION AND OPERATE THE PROPOSED NUCLEAR POWER STATION AT DAYA BAY.
MONITORING OF THE POWER COMPANIES
18. VARIOUS MEMBERS REMARKED UPON THE COST OF ELECTRICITY, TARIFF INCREASES AND THE GOVERNMENT'S MONITORING OF THE COMPANIES' ACTIVITIES. SES DEFENDED THE SYSTEM OF MONITORING AS BEING EFFECTIVE. HE DREW ATTENTION ALSO TO THE CONSULTANCY ON THE MONITORING OF THE POWER COMPANIES, WHICH GOVERNMENT DOES NOT SEE PURELY AS A PUBLIC RELATIONS EXERC-HSE BUT IS TREATING VERY SERIOUSLY.
TRANSPORT
19. TRANSPORT ATTRACTED LITTLE ATTENTION IN THE DEBATE BUT A DETAILED CASE STUDY WAS MADE ON THE ISSUE OF THE LYEMUN BRIDGE IN RESPONSE TO MIS DUNN'S CLAIM THAT THE GOVERNMENT HAD FAILED TO USE REASONABLE ANTICIPATION IN THE LATTER PART OF THE 1970'S IN PURSUING STUDIES FOR SUCH A BRIDGE. S FOR T POINTED OUT THAT STUDIES HAD IN FACT SEEN CONTINUOUS AND IT WAS NOT UNTIL EARLY THIS YEAR THAT THE PROJECT BEGAN TO SEEM UNFEASH BLE BECAUSE OF INCOMPATIBILITY WITH
THE AIRPORT INSTRUMENT LANDING SYSTEM.
HOUSING
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20. PUBLIC HOUSING OUTPUT WILL BE MAINTAINED AT THE LEVEL OF OVER 35,000 FLATS BUT GOVERNMENT WILL CONTINUE TO WATCH THE DEMAND FOR VARIOUS TYPES OF HOUSING AND WILL ATTEMPT TO ACHIEVE A BALANCE BETWEEN FLATS FOR SALE AND THOSE FOR RENT. (S FOR H).
21. GOOD PROGRESS IS BEING MADE IN THE PROGRAMME FOR THE REDEVELOP- MENT OF OLD RESETTLEMENT ESTATES. IN ORDER TO SPEED UP THE PROGRAMME, THE HOUSHING AUTHORINTY WILL CONSIDER SETTING ASIDE AN INCREASED NUMBER OF NEW FLATS EACH YEAR TO REHOUSE PEOPLE
LIVING IN OLD ESTATES.
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12. ON
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