THURSDAY, OCTOBER 15, 1992

FOR "THE AREA IS APPROXIMATELY 187 HECTARES AND PROVIDES SITES

FOR EXTENSION OF HOUSING AND OTHER COMMUNITY NEEDS, AS WELL AS LAND

WITH AREA

THE WESTERN HARBOUR TRANSPORT NETWORK THAT LINKS UP THE

PENINSULA CROSSING AND THE FUTURE STRATEGIC ROUTE LEADING TO THE PORT AND NORTH LANTAU, HE SAID.

TT

HE SAID 54 HECTARES OF THE RECLAIMED LAND

POPULATION RESIDENTIAL PURPOSE FOR A

OF 110,000 HECTARES WERE RESERVED FOR OPEN SPACES AND PARKS.

WOULD BE USED FOR

WHILE

44 ANOTHER

MR YEAR EXISTING

NOT FINALISED, MEANWHILE, WHILE THE OVERALL PROGRAMME WAS CHOW SAID AN INITIAL AREA AT BELCHER BAY WOULD BE RECLAIMED NEXT

A DUAL

TO CARRIAGEWAY

LINK UP FOR CONSTRUCTION OF

THE UPGRADED CONNAUGHT ROAD WEST WITH SMITHFIELD IN KENNEDY TOWN.

THE COST FOR THE WHOLE PROJECT WAS IN THE ORDER OF AT CURRENT PRICES.

$8 BILLION

"THE IMPLEMENTATION PERIOD WILL LIKELY STRETCH BEYOND OF THIS CENTURY,

HE ADDED.

THE END

MR CHOW SAID AFTER SEVERAL YEARS OF INTENSIVE PLANNING, THERE WOULD BE A LOT MORE DEVELOPMENT WORK GOING ON ALONG THE NORTHERN SHORE OF HONG KONG ISLAND IN THIS DECADE.

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THE

PRIVATE AND PUBLIC WITH THE CLOSE CO-OPERATION BETWEEN

CONTNUING, WE, RESIDENTS OF HONG SECTORS IN THE PAST

KONG, WILL IN THE DECADE WITNESS GREATER PROSPERITY AND BETTER QUALITY OF LIFE

HE SAID. TO COME AND REAP THE REWARDS OF OUR EFFORTS TODAY,

...

-

AMBIGUITIES OVER ISSUE AND TRADING OF WARRANTS TO BE CLARIFIED

* * * *

THE GOVERNMENT IS INTRODUCING A BILL WHICH SEEKS ΤΟ EXEMPT CERTAIN CONTRACTS FOR DIFFERENCES FROM THE APPLICATION OF THE GAMBLING ORDINANCE, THE SECRETARY FOR MONETARY AFFAIRS, MR DAVID NENDICK, SAID TODAY (THURSDAY).

THE GAMBLING (AMENDMENT) BILL 1992, TO BE GAZETTED TOMORROW, AIMS то CLARIFY CERTAIN EXISTING LEGAL AMBIGUITIES RELATING TO THE ISSUE AND TRADING OF CERTAIN CONTRACTS FOR DIFFERENCES.

THE BILL PROPOSES TO DISAPPLY THE GAMBLING ORDINANCE TO ANY CONTRACTS FOR DIFFERENCES WHICH 18:

(A)

LISTED ON THE STOCK EXCHANGE OF HONG KONG;

(B)

(C)

INVITATION OR

ENTERED INTO AS THE RESULT OF AN ADVERTISEMENT, DOCUMENT WHICH IS EXCLUDED FROM THE APPLICATION OF SECTION 4 (1) OF THE PROTECTION OF INVESTORS ORDINANCE;

ENTERED INTO BY AN EXEMPT DEALER OR A DEALER REGISTERED UNDER SECURITIES ORDINANCE; OR

(D) ENTERED INTO

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