CO129-627-3 Housing project- contains drawings 1-2-1951 - 31-10-1951 — Page 36

37

New

8. It has been mentioned para labor that the present schome

is only a pilot schemes designed to enable expenence to be gained before under talking the large scale housing development programme which is needed. It is in pust intended to be one section of the first part,

consisting of 2500 flats providing housing for 12.500 people, of the

full-scale homing programme.

in motion much larger developments in the field of

housing. With C.D. and W. money so used site formation

would not form a charge on the properties and as a result

it would be possible to let them at an economic rent. If

site formation had to form a charge on the properties they

The present

would have to be let at an uneconomic rent.

poll i

is

application therefore for a grant of £13,500 to cover

the cost of site formation for a pilot scheme consisting

of the erection of 370 flats; the contribution of the

Hong Kong Government to this pilot scheme will be a loan

of about £125,000 to the Hong Kong Housing Society to

cover the cost of erection of the flats. In implementing

this first part,

of the in--

g programme the Governor estimates that C.D.

and W. assistance amounting to almost £250,000 will be

required; the Hong Kong Government's contribution will

be loans to the Hong Kong Housing Society and the

Improvement Trust, from the recently established

Development Fund, totalling almost £1,000,000.

for

the pilot

scheme

9. All necessary raw materials and labour are

available locally, embede pikat«sabeme.

e. The

expenditure of C.D. and W. money would be in the hands of

the Public Works Department who would employ skilled local

contractors supervised by the Department on the task of

site formation. The actual construction of the flats in

the pilot scheme would be for the Hong Kong Housing

Society to arrange; ample qualified architects and

contractors are available locally.

10. The usual financial summary is attached.