5
FRIDAY, AUGUST 29, 1980
LAST 12 MONTHS
AUGUST 1979
ΤΟ JULY 1980
AUGUST 1978
TO
JULY 1979
INCREASE OR DECREASE
$ M.
$ M.
$ M.
*
DOMESTIC EXPORTS
64 545
48 296
+16 249
+ 33.6
RE-EXPORTS
24 833
17 131
+ 7 702
+ 45.0
TOTAL EXPORTS
89 378
65 427
+23 951
+ 36.6
IMPORTS
100 950
75 802
+25 148
+ 33.2
TRADE BALANCE
- 11 572
- 10 375
- 1 197
GOVERNMENT TO MANAGE LEASE-EXPIRED BUILDINGS
****
TWO GROUPS OF PRE-WAR BUILDINGS IN TAI KOK TSUI COMPRISING 21 PROPERTIES WILL BE TAKEN INTO DIRECT MANAGEMENT BY THE GOVERNMENT WHEN THE IR 75-YEAR NON-RENEWABLE LEASES EXPIRE AT THE END OF THE YEAR.
THESE FOUR-STOREY BUILDINGS ARE NUMBERS 112-128 (EVEN NUMBERS) AND 152-174 (EVEN NUMBERS) IN LAI CHI KOK ROAD. ALSO AFFECTED IS A SITE IN TAI NAN STREET WHICH HAS BEEN VACANT SINCE THE BUILDINGS STANDING THERE WERE DECLARED DANGEROUS AND DEMOLISHED ABOUT A YEAR AGO.
A GOVERNMENT SPOKESMAN SAID TODAY THE LAND WAS REQUIRED FOR THE IMPLEMENTATION OF A NUMBER OF COMMUNITY FACILITIES CONTAINED IN THE TAI KOK TSU! OUTLINE ZONING PLAN, WHICH WAS APPROVED IN JANUARY 1979.
TAI KOK TSUI IS ONE OF HONG KONG'S MOST DENSELY-POPULATED AREAS, WHERE LAND FOR PUBLIC USE IS AT A PREMIUM.
♦TO RELIEVE THE SITUATION, THE ZONING PLAN PROVIDES FOR THE DEVELOPMENT OF A NUMBER OF COMMUNITY FACILITIES. THESE INCLUDE A SITTING-OUT AREA, A CHILDREN AND YOUTH CENTRE, A CHILD CARE CENTRE AND A CENTRE FOR THE DISABLED AND ELDERLY, THE SPOKESMAN SAID.
ALTHOUGH THE LEASES OF THE AFFECTED PROPERTIES WILL NOT EXPIRE UNTIL DECEMBER, LETTERS EXPLAINING THE MEANING OF DIRECT MANAGEMENT ARE BEING SENT TO BOTH OWNERS AND RESIDENTS THIS WEEK IN ORDER TO GIVE THEM AS MUCH NOTICE AS POSSIBLE OF THE GOVERNMENT'S INTENTIONS.
/THE SPOKESMAN