GRS 350 CONFIDENTIAL
FM HONG KONG
TO IMMEDIATE FCO
TELNO 2219
OF 18090OZ OCTOBER 35
INFO IMMEDIATE PEKING
VISIT OF MR. RENTON
8
CONFIDENTIAL
TOP COPY
BRIEFING TELEGRAM: LAND COMMISSION
LINE TO TAKE
THE LAND COMMISSION HAS MADE EXCELLENT PROGRESS. THIS DEMONSTRATES
THE CO-OPERATIVE SPIRIT AND BUSINESSLIKE MANNER IN WHICH THE TWO
SIDES HAVE WORKED. CAN EXPECT CONTINUED GOOD PROGRESS.
2. IT 13 ESSENTIAL FOR THE FUTURE DEVELOPMENT OF HONG KONG'S
INFRASTRUCTURE. AND FOR THE MAINTENANCE OF A STEADY PROPERTY
MARKET. THAT A SUFFICIENT SUPPLY OF LAND SHOULD CONTINUE TO BE
MADE AVAILABLE FOR VARIOUS USES. THE LAND DISPOSAL PROGRAMME
AGREED BY THE COMMISSION FOR THE REMAINDER OF THE CURRENT FINANCIAL
YEAR SHOWS THAT THIS WILL BE DONE.
BACKGROUND
3. THE LAND COMMISSION WAS ESTABLISHED IN HONG KONG TO CONDUCT CONSULTATIONS ON THE IMPLEMENTATION OF ANNEX 111 (LAND LEASES) TO THE JOINT DECLARATION. IT HAS HELD FIVE MEETINGS TO DATE AND REACHED AGREEMENT ON A RANGE OF LEGAL DOCUMENTS FOR USE IN LAND TRANSACTIONS. IT HAS ALSO REACHED AGREEMENT ON THE LAND DISPOSAL PROGRAMME FOR THE PERIOD 27 MAY 1985 - 31 MARCH 1996. THE AGREED
PROGRAMME INCLUDES A GRANT OF ABOUT 29 HECTARES FOR THE
CONSTRUCTION OF A NEW CONTAINER TERMINAL AT KWAI CHUNG. AND
ANOTHER 29 HECTARES OF NEW LAND FOR DISPOSAL BY PUBLIC AUCTION.
TENDER AND PRIVATE TREATY GRANTS. THE NEXT MEETING OF THE COMMISS-
ION. ON A DATE YET TO BE FIXED. WILL DISCUSS THE QUESTION OF AVERAGE
COST OF LAND PRODUCTION AND THE ACCOUNTING ARRANGEMENTS FOR THE
SHARING OF PREMIUM INCOME FROM LAND TRANSACTIONS.
214)
4. MEANWHILE. BY MUTUAL AGREEMENT. LAND SALES BY AUCTION OF 6
SITES WAS HELD SUCCESSFULLY ON 24 SEPTEMBER. AND THE AUCTION OF
ANOTHER SITE (A PRIME SITE FOR COMMERCIAL/RESIDENTIAL DEVELOPMENT)
IS SCHEDULED FOR 24 OCTOBER.
YOUDE
LIMITED
HKD
FED
PS/MR RENTON
BiR W. HARDING
HR WILSON
CONFIDENTIAL
нын 02716
RECEIVED IN REGISTRY
2 1 OCT 1985
FA
REGISTRY
Action Taken