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WEDNESDAY, MAY 8, 1991
"THE ADMINISTRATION IS CURRENTLY ASSESSING THESE MEASURES ΤΟ SEE IF FURTHER ACTION IS WARRANTED,
" HE SAID, WHILE STRESSING THAT GOVERNMENT POLICY WAS NOT TO INTERVENE IN A FREE MARKET BCONOMY, OR EXERCISE PRICING CONTROL ON PROPERTIES.
MR LEWIS ADDED THAT THE GOVERNMENT CONTINUED TO ENCOURAGE HOME OWNERSHIP THROUGH A NUMBER OF PROVEN SCHEMES.
THESE INCLUDED THE HOME OWNERSHIP SCHEME, THE PUBLIC SECTOR PARTICIPATION SCHEME, AND THE HOME PURCHASE LOAN SCHEME; AND ALSO A PROPOSAL THAT SITTING TENANTS IN RENTAL FLATS IN HOUSING AUTHORITY ESTATES PURCHASED THEIR OWN FLATS.
LAND FUND INVESTMENTS
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A MATTER FOR ITS TRUSTEES
LAND
INVESTMENTS BY THE SAR LAND FUND IS A MATTER FOR THE FUND TRUSTEES, THE FINANCIAL SECRETARY, THE HON SIR PIERS JACOBS, TOLD THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
HONG
REPLYING A QUESTION BY THE HON CHAN YING-LUN, SIR PIERS SAID THE
KONG GOVERNMENT WAS AWARE OF THE RECENT INVESTMENT OF THE LAND · FUND IN BUYING A SIX PER CENT STAKE IN HONGKONG INTERNATIONAL TERMINALS LIMITED.
"BUT IT IS NOT FOR THE HONG KONG GOVERNMENT TO ENCOURAGE OR DISCOURAGE ANY PARTICULAR INVESTMENT, HE ADDED.
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0
MORE VEHICLES DIVERTED TO LOK MA CHAU CROSSING
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ABOUT 1,300 VEHICLES WOULD BE DIVERTED FROM THE MAN KAM TO BORDER CROSSING TO THE LOK MA CHAU CROSSING FROM THIS MONTH WITH THE FULL CO-OPERATION OF THE CHINESE AUTHORITIES, THE SECRETARY FOR TRANSPORT, THE HON MICHAEL LEUNG, SAID IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
REPLYING TO A QUESTION BY THE HON CHEUNG YAN-LUNG, MR LEUNG SAID THIS MEASURE WOULD BRING THE TOTAL NUMBER OF VEHICLES TO BE DIVERTED TO LOK MA CHAU SO FAR ΤΟ 3,200, THEREBY BRINGING FURTHER RELIEF TO THE MAN KAM TO CROSSING FACILITY.
SITUATION
HE SAID THE GOVERNMENT WOULD CONTINUE TO MONITOR The AND WORK CLOSELY WITH THE CHINESE AUTHORITIES TO ACHIEVE A MORE EVEN DISTRIBUTION OF TRAFFIC BETWEEN THE THREE CROSSINGS AT MAN KAM TO, SHA TAU KOK AND LOK MA CHAU.
/OF THE