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Wednesday, October 17, 1973
Lantau Island, the Governor said, was at present the greatest
untouched land asset, and even if the bulk of the island were reserved
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for recreation purposes as he thought it should "there is ample room for badly needed additional sites for industry and residential development."
It was against this background, he added, that the government was once more investigating the possibility of constructing a bridge.
He pointed out that if the standard of living of the community was to continue to rise, then the economy must continue to expand.
It was therefore important to ensure that it did not get stuck, either through lack of suitable land for development at reasonable
prices, or through "any failure of the system of competitive bidding for lots to attract particular types of new industry which would contribute to the
expansion and diversification of our economy.
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