WEDNESDAY, FEBRUARY 25, 1987
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+THE TOTAL PRODUCTION IN THE NEXT FOUR YEARS INCLUDING PRIVATE SECTOR PARTICIPATION SCHEME FLATS AND HOUSING SOCIETY FLATS IS ESTIMATED AT 197 000 WITH AN AVERAGE COMPLETION RATE OF 49 000 A YEAR, COMFORTABLY EXCEEDING OUR TARGET.
+THUS. IN THE NEXT FOUR YEARS WE WILL PROVIDE ADDITIONAL GOOD QUALITY, SUBSIDISED HOUSING FOR NEARLY 800 000 PEOPLE,+ ME ADDED.
AS REGARDS THE HOME OWNERSHIP SCHEME, MR JACOBS SAID SOME 62 000 FLATS OUT OF 60 000 FLATS IN THE FIRST EIGHT PRASES WOULD HAVE BEEN COMPLETED BY THE END OF 1987-88, AND WORK WAS IN WÄND ON THE BALANCE AND ON A FURTHER 20 000 FLATS IN LATER PHASES. +MORE WILL FOLLOW, HE SAID.
ON EDUCATION, HE SAID EXPENDITURE IN 1987-88 WILL BE $9.8 BILLION. THIS REPRESENTS 18.3 PER CENT OF CONSOLIDATED ACCOUNT EXPENDITURE COMPARED WITH 14.3 PER CENT FIVE YEARS BEFORE.
+IT IS A WISE INVESTMENT IN OUR FUTURE+ HE SAID, ADDING THAT THE MEDIUM RANGE FORECAST TOOK ACCOUNT OF LIKELY CONTINUED GROWTH IN THIS AREA AND THE FINANCIAL IMPACT OF THE EDUCATION COMMISSION'S PROPOSALS WHERE THEY HAD BEEN ACCEPTED.
ON MEDICAL AND HEALTH SERVICES, TOTAL EXPENDITURE IN 1987-88 WOULD BE $5.2 BILLION REPRESENTING 9.6 PER CENT OF CONSOLIDATED ACCOUNT EXPENDITURE AS COMPARED WITH 7.4 PER CENT FIVE YEARS MR JACOBS SAID.
+IN ADDITION TO THE TOTAL ESTIMATED PROJECT COST OF $1.2 BILLION FOR THE NEW GOVERNMENT HOSPITAL IN TUEN MUN, $1 BILLION WILL BE SPENT OVER THE NEXT YEARS ON IMPROVEMENTS AND "EXTENSIONS TO QUEEN MARY, QUEEN ELIZABETH AND TANG SHIN KIN HOSPITALS.
+A FURTHER $120 MILLION WILL BE SPENT ON SITE FORMATION WORKS AND CONSULTANTS FEES FOR THE NEW EASTERN DISTRICT HOSPITAL. DEVELOPMENT PROGRAMMES AT AN ESTIMATED TOTAL COST OF $1.4 BILLION ARE ALSO UNDER WAY AT A NUMBER OF SUBVENTED HOSPITALS,+ HE SAID.
ON SOCIAL WELFARE, MR JACOBS SAID EXPENDITURE WOULD BE $3.1 BILLION IN 1987-88 OR 5.8 PER CENT OF CONSOLIDATED EXPENDITURE AS COMPARED WITH 4.8 PER CENT FIVE YEARS AGO.
+EXPECTATIONS IN THIS AREA ARÈ ALWAYS RISING
UNDERSTANDABLY SO, BUT AS WITH ANY AREA OF EXPENDITURE RESOURCES ARE NOT UNLIMITED HE ADDED.
REFERRING TO OTHER SERVICES, MR JACOBS SAID WORKS ON PHASE IV OF THE NEW TERRITORIES CIRCULAR ROAD BETWEEN FAIRVIEW PARK AND AU TAU -- WOULD START IN 1987-88, AND SPENDING ON ENVIRONMENTAL PROTECTION WOULD RECEIVE A BOOST WITH THE IMPLEMENTATION OF CONTROL MEASURES IN CONNECTION WITH AGRICULTURAL WASTE AND AIR QUALITY.
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