10
FRIDAY, OCTOBER 22, 1993
IT
TO PUT THIS FIGURE INTO PERSPECTIVE, IS ABOUT 3.6 PER CENT OF THE ACCUMULATED EARNING AND 1.3 PER CENT OF THE TOTAL ASSETS OF THE EXCHANGE FUND AS AT THE END OF 1992.
"WE CONSIDER THAT THE COST INCURRED IN THESE RESCUE OPERATIONS WERE MODEST AND REPRESENTED MONEY WELL SPENT ΤΟ HELP ENSURE THE STABILITY OF HONG KONG'S BANKING SECTOR AND THE MONETARY SYSTEM DURING A CRITICAL PERIOD,' HE ADDED.
GREENLIGHT ON DRAFT OUTLINE ZONING PLANS
* * * * *
THE GOVERNOR IN COUNCIL HAS APPROVED THE DRAFT OUTLINE ZONING PLANS FOR MID-LEVELS WEST AND TSUEN WAN.
1990.
BOTH PLANS WERE AMENDED AND PUBLISHED FOR PUBLIC INSPECTION
IN
THE MID-LEVELS WEST OZP WAS AMENDED TO INCORPORATE A PLOT RATIO RESTRICTION OF FIVE IN THE 'RESIDENTIAL (GROUP B]' ZONE.
THE TSUEN WAN OZP WAS AMENDED то INCORPORATE A PLOT RATIO RESTRICTION OF 9.5 IN THE INDUSTRIAL' ZONE AS WELL AS ΤΟ REZONE AN AREA IN THE TSUEN WAN TOWN CENTRE TO 'COMPREHENSIVE DEVELOPMENT AREA' (CDA).
**THE PURPOSE OF IMPOSING A PLOT RATIO CONTROL IN BOTH AREAS IS ΤΟ ADDRESS THE PROBLEMS OF TRAFFIC CONGESTION AND INADEQUATE INFRASTRUCTURAL CAPACITY, SAID A SPOKESMAN OF THE TOWN PLANNING
BOARD.
THE PLOT RATIO RESTRICTION IMPOSED ON THE MID-LEVELS WEST OZP IS AN IMPORTANT PART OF THE EFFORTS MADE BY THE GOVERNMENT IN IMPROVING THE TRAFFIC CONDITION IN THE AREA.
THE RESTRICTION WILL IMPROVE ENVIRONMENTAL CONDITIONS AND PREVENT OVERLOADING THE SEWERAGE NETWORK IN THE AREA.
THE PLOT RATIO RESTRICTION IN TSUEN WAN, ON THE OTHER HAND, IS TO RESTRAIN THE LEVEL OF INDUSTRIAL DEVELOPMENT IN ORDER TO CONTAIN THE GROWTH OF INDUSTRIAL VEHICULAR TRAFFIC IN THAT AREA TO A MORE REASONABLE LEVEL.
IT WILL ALSO HELP PREVENT FURTHER ENVIRONMENT OF THE INDUSTRIAL AREA AS WELL AS WATER SUPPLY AND SEWERAGE SYSTEMS IN THE AREA.
DEGRADATION OF THE AVOID OVERLOADING THE
WHICH
THE 'CDA' ZONE FOR THE FOUR SEASON ESTATE AREA ON THE TSUEN WAN OZP PROVIDES A BASIS FOR A COMPREHENSIVE REDEVELOPMENT WOULD IMPROVE THE TSUEN WAN TOWN CENTRE SIGNIFICANTLY.
/BOTH THE