FRIDAY, DECEMBER 13, 1974.
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SPECIAL ACQUISITION AREA ON LANTAU
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THE SECRETARY FOR THE NEW TERRITORIES HAS DESIGNATED AN AREA ON LANTAU ISLAND AS A SPECIAL ACQUISITION AREA.
THIS AREA IS SITUATED BETWEEN THE BEACH AND THE ROAD FROM PUI O TO TONG FUK.
A SPOKESMAN FOR THE NEW TERRITORIES ADMINISTRATION SAID TODAY THAT THIS AREA WAS NOW CLASSIFIED AS A COASTAL PROTECTION AREA IN ORDER TO SAFEGUARD THE BEACHES AND THEIR IMMEDIATE HINTERLAND AND TO PROTECT THE CHARACTER OF THE SHORELINE ALONG SOUTHERN LANTAU.
HE SAID IT WOULD NOT BE POSSIBLE TO ALLOW ANY BUILDINGS OR OTHER DEVELOPMENT WITHIN THIS AREA AND SO IT HAS BEEN DECIDED TO ALLOW THIS LAND TO BE EXCHANGED FOR OTHER LAND ON LANTAU IN AREAS WHERE DEVELOPMENT MAY BE PERMITTED.
SPECIAL ACQUISITION AREAS WERE INTRODUCED BY THE GOVERNMENT IN FEBRUARY 1973 WHEN A NEW LAND EXCHANGE SCHEME WAS APPROVED TO ALLOW FOR PRIVATE DEVELOPMENT IN CERTAIN AREAS IN THE NEW TERRITORIES NOT COVERED BY OUTLINE ZONING PLANS.
SEPTEMBER ACCOUNTS SHOW $226 MILLION DEFICIT
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THE HONG KONG GOVERNMENT ACCOUNTS FOR THE MONTH OF SEPTEMBER 1974 SHOW A DEFICIT OF $226 MILLION COMPARED WITH A $49 MILLION DEFICIT IN SEPTEMBER LAST YEAR,
THE RESULT IS AN ACCUMULATED DEFICIT OF $816 MILLION FOR THE FIRST SIX MONTHS OF THIS FINANCIAL YEAR.
TOTAL REVENUE FOR THE MONTH AT $349 MILLION WAS $34 MILLION MORE THAN IN SEPTEMBER 1973.
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TOTAL EXPENDITURE AMOUNTED TO $575 MILLION, AND INCLUDED AN INCREASE OF SOME $72 MILLION IN PERSONAL EMOLUMENTS ARISING FROM THE SALARIES INCREASES (BACK-DATED TO APRIL 1, 1974) PAID TO MOST CIVIL SERVANTS AS A RESULT OF THE 1974 SALARIES REVISION.
TOTAL EXPENDITURE IN SEPTEMBER 1973 STOOD AT $364 MILLION.
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