FRIDAY, MARCH 26, 1976
GENERAL INDUSTRIAL LAND IN NEW TOWNS IN DEMAND
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IN FUTURE, THE BULK OF GENERAL INDUSTRIAL LAND IN KWAI CHUNG AND TUEN MUN WILL BE DISPOSED OF THROUGH TENDER TO HOLDERS OF LAND EXCHANGE ENTITLEMENTS, KNOWN AS LETTERS ''A'' AND 'B' WITH PRIORITY BEING GIVEN TO THOSE HOLDING THE OLDEST LETTERS.
SO MANY APPLICATIONS HAVE BEEN RECEIVED FOR GENERAL INDUSTRIAL LAND IN THESE TWO NEW TOWNS THAT THE NEW TERRITORIES ADMINISTRATION HAS HAD TO CANCEL ALL TENTATIVE RESERVATIONS OR OFFERS MADE IN RESPECT OF SUCH APPLICATIONS.
THE GOVERNMENT LAND AGENT FOR THE N.T.A., MR. DAVID WILKINSON, COMMENTED: +THIS ACTION HAS HAD TO BE TAKEN BECAUSE THE AMOUNT OF LAND WHICH IS NOW AVAILABLE FOR DISPOSAL IN KWAI CHUNG AND TUEN MUN IS INSUFFICIENT TO MEET THE REQUIREMENTS OF THE VARIOUS APPLICANTS.+
A LETTER NOTIFYING APPLICANTS OF THIS DECISION HAS ALREADY BEEN SENT OUT.
MR. WILKINSON SAID SITES TO BE DISPOSED OF BY TENDER WOULD BE ADVERTISED IN THE PRESS AND ANNOUNCED IN THE GOVERNMENT GAZETTE.
+THIS IS IN ORDER THAT ALL PREVIOUS APPLICANTS FOR EXCHANGES TOGETHER WITH OTHER INTERESTED PARTIES MAY HAVE AN OPPORTUNITY FOR TENDER ING FOR THIS TYPE OF INDUSTRIAL LAND, HE SAID.
THE LAND BEING SOUGHT BY DEVELOPERS IS FOR LIGHT INDUSTRIAL PURPOSES.
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