FRIDAY, SEPTEMBER 3, 1976
ADB MISSION CONCLUDES TALKS WITH GOVERNMENT OFFICIALS ******
GOVERNMENT OFFICIALS AND MEMBERS OF THE ASIAN DEVELOPMENT BANK'S APPRAISAL MISSION, WHICH CAME TO HONG KONG LAST MONTH, HAVE COMPLETED THEIR TALKS, A GOVERNMENT SPOKESMAN SAID TODAY (FRIDAY).
THE APPRAISAL MISSION WAS HERE FROM AUGUST 11 TO SEPTEMBER 1 TO DISCUSS WITH GOVERNMENT OFFICIALS THE POSSIBILITY OF A LOAN FROM THE BANK TOWARDS PART OF THE COST OF BUILDING A LOW-COST HOUSING COMPLEX, INCLUDING CERTAIN COMMUNITY FACILITIES, IN SHA TIN NEW TOWN.
+ THE TALKS WERE OF AN EXPLORATORY NATURE AND CENTRED ON THE SCOPE OF THE PROJECT, ITS CONTRIBUTION TOWARDS MEETING HONG KONG'S OVERALL PUBLIC HOUSING TARGET, ITS COST AND THAT PART OF THE COST WHICH MIGHT BE FINANCED BY MEANS OF A LOAN FROM THE BANK, THE SPOKESMAN SAID.
ALSO COVERED IN THE DISCUSSIONS WERE CERTAIN PROCEDURES WHICH WOULD NEED TO BE FOLLOWED IF A LOAN WERE TO BE GRANTED.
+THESE POINTS WERE CLARIFIED DURING THE MISSION'S VISIT, BUT IT WAS NOT PART OF THE MISSION'S TERMS OF REFERENCE TO REACH ANY FORM OF AGREEMENT ON THE GRANTING OF A LOAN,+ THE SPOKESMAN EXPLAINED.
HE POINTED OUT THAT THERE IS STILL NO COMMITMENT BY EITHER PARTY TO A LOAN AND THE MATTER WILL BE FURTHER EXAMINED BY THE BANK AND THE GOVERNMENT BEFORE ANY CONCLUSION IS REACHED.
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