THURSDAY, NOVEMBER 14, 1985
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+TO MOVE AHEAD OF THAT PROGRAMME WOULD HAVE MEANT BOOSTING A PROGRAMME TO SOMETHING LIKE 60 000 OR 70 000 UNITS A YEAR.
+CLEARLY WE COULDN'T COPE WITH SUCH AN ENLARGED PROGRAMME IK FINANCIAL TERMS, OR IN ANY OTHER TERMS.+
ASKED HOW BIG THE COMPENSATION FOR REMOVING THE TWO FACTORIES WOULD BE, SIR DAVID SAID HE THOUGHT IT SHOULD BE SEVERAL HUNDRED MILLION DOLLARS.
+TO MOVE A COMPLEX MODERN FACTORY FROM ONE PLACE TO ANOTHER IS QUITE A COMPLEX VALUATION EXERCISE,+ HE ADDED.
ASKED FURTHER WHETHER IT WOULD BE IN THE UPPER OR LOWER RANGE OF SEVERAL HUNDRED MILLION DOLLARS, HE SAID HE THOUGHT IT MIGHT BE ABOUT TWO HUNDRED MILLION OR SOMETHING LIKE IT+.
+YOU KNOW I AM NOT DOING THE NEGOTIATIONS, BUT IT'S IN THAT SORT OF AREA,+ HE SAID. +SAY TWO TO THREE HUNDRED, I SHOULD THINK.
AS TO WHEN A DECISION COULD BE EXPECTED, SIR DAVID SAID WHEN NEGOTIATIONS HAVE BEEN COMPLETED, A COMPENSATION PACKAGE WOULD BE SUBMITTED TO THE EXECUTIVE COUNCIL AND THEN TO THE FINANCE COMMITTEE OF THE LEGISLATIVE COUNCIL.
+ SHOULD THINK THAT WITHIN TWO TO THREE MONTHS WE WILL HAVE THE PROBLEM UNDER CONTROL, HE ADDED.
SIR DAVID SHOWS INTEREST IN JUNK BAY DEVELOPMENT
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THE CHIEF SECRETARY, SIR DAVID AKERS-JONES, VISITED JUNK BAY TODAY (THURSDAY) AND SHOWED GREAT INTEREST IN PROGRESS MADE IN THE DEVELOPMENT OF THE NEW TOWN WHICH WILL HOUSE 170 000 PEOPLE BY THE END OF THE DECADE.
SIR DAVID BEGAN HIS TOUR BY DRIVING ALONG A NEWLY-COMPLETED STRETCH OF PO LAM ROAD, WHICH WILL LINK SAU MAU PING ROAD IN EASTERN KOWLOON WITH THE NEW TOWN.
ACCOMPANIED BY THE DEPUTY DIRECTOR OF NEW TERRITORIES DEVELOPMENT, MR KENNETH KWOK, AND THE JUNK BAY PROJECT MANAGER, MR NORMAN TUCKER, THE CHIEF SECRETARY WAS BRIEFED ON JUNK BAY'S PLACE IN THE OVERALL DEVELOPMENT OF THE TERRITORY.
FROM A VANTAGE POINT AT THE HEAD OF THE BAY DISTRICT, SIR NID WAS BROUGHT UP-TO-DATE ON THE PROGRESS OF THE VARIOUS WORKS CONTRACTS IN THAT PART OF THE NEW TOWN.
/SIR DAVID