WEDNESDAY, MARCH 30, 1977

15

BREMRIDGE GIVES SOME TIPS ON

MARKETING HOME OWNERSHIP SCHEME ******

THE HON. JOHN BREMRIDGE TODAY WELCOMED THE HOME OWNERSHIP SCHEME AND THE GOVERNMENT'S MOVES TOWARDS BETTER AND CHEAPER MORTGAGE FACILITIES, BUT WARNED THAT PRODUCTION WITHOUT MARKETING WAS ONLY Á +PARTIAL PROCESS+.

SPEAKING ON THE FIRST DAY OF THE RESUMED BUDGET DEBATE IN THE LEGISLATIVE COUNCIL, MR. BREMRIDGE POINTED OUT THAT IN PURCHASING A FLAT BUYERS WOULD CONSIDER MANY OTHER FACTORS APART FROM THE COST OF THE UNIT.

+ IN THE SALE OF FLATS, LANDSCAPING, FINISH, SECURITY, POSITION, AMENITIES, AND EVEN FACE, WILL BE OF MAJOR IMPORTANCE TO BUYERS, FOR THE PURCHASE OF A HOME IS ALMOST CERTAINLY THE LARGEST FINANCIAL DECISION IN THE LIVES OF MOST MEN AND WOMEN. COST IS BY NO MEANS THE ONLY CRITERION, THOUGH IT IS A LARGE ONE, HE NOTED,

MR. BREMRIDGE DESCRIBED AS +REMARKABLE+ THE HOUSING PROGRAMME WHICH WOULD PROVIDE ADEQUATE LOW COST GOVERNMENT HOUSING TO THE GREAT MAJORITY OF OUR POPULATION BY THE MID-1980'S.

HOWEVER, HE WARNED THAT BY THE EARLY 1980'S IT WOULD BE NECESSARY FOR THE GOVERNMENT AND THE HOUSING AUTHORITY TO BE MORE IMAGINATIVE ABOUT RENTAL LEVELS, STANDARDS, AND VARIOUS OPTIONS WHEN THE WAITING LISTS BECAME SHORTENED.

+MUCH MORE VARIETY WILL BE NEEDED, MR. BREMRIDGE SAID, AND MANY NEW EXPERIMENTS WILL BECOME NOT ONLY POSSIBLE BUT NECESSARY ONCE THE SAD WAITING LISTS FINALLY SHORTEN.+

ON THE QUESTION OF GOVERNMENT'S FINANCIAL MANAGEMENT, MR. BREMRIDGE REGRETTED THAT NO MENTION WAS MADE IN THE BUDGET FOR IMPROVEMENT IN GOVERNMENT MANAGEMENT EFFICIENCY.

+ THINK THAT IT IS A PITY THAT DESPITE PROGRESS PARTICULARLY BY THE UNDER-STAFFED MANAGEMENT UNIT WITH THE FIRST DEVELOPMENT PLAN, MORE HAS NOT BEEN DONE OVER THE PRODUCTION OF ANNUAL OPERATING PLANS, OVER MANAGEMENT BY OBJECTIVES, OVER INTRODUCTION OF MORE MODERN SYSTEMS OF BUDGETARY CONTROL, OVER THE RECRUITMENT OF MORE FULLY QUALIFIED ACCOUNTANTS - MANY MORE OVER BETTER JOB DEFINITIONS AND SO ON AND SO FORTH, HE SAID.

HOWEVER, MR. BREMRIDGE WELCOMED THE GOVERNMENT'S APPARENT WILLINGNESS TO CONSIDER POSSIBLE TERMS OF REFERENCE FOR A PUBLIC ACCOUNTS COMMITTEE OF THE LEGISLATIVE COUNCIL.

/REFERRING MC .....

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