XN000022-1976-03-12 — Page 4

FRIDAY, MARCH 12, 1976

3

SHA TIN LAND SALE:

TENDER DOCUMENTS AVAILABLE ******

COPIES OF A TENDER DOCUMENT OUTLINING THE CONDITIONS OF SALE OF AN AREA OF SEABED TOTALLING 20 ACRES TO BE RECLAIMED FOR RESIDENTIAL DEVELOPMENT IN SHA TIN NEW TOWN ARE NOW AVAILABLE.

THEY CAN BE OBTAINED FROM THE NEW TERRITORIES ADMINISTRATION OR THE DISTRICT OFFICE, SHA TIN AT $50 A COPY.

THE DOCUMENT INCLUDES A TECHNICAL SCHEDULE AND DRAWINGS.

THE SITE IS AT YUEN CHAU KOK, A WELL-KNOWN LANDMARK IN SHA TIN COVE, KEEN INTEREST IS EXPECTED TO BE SHOWN IN IT. A NEW TERRITORIES ADMINISTRATION SPOKESMAN SAID TODAY, DESPITE A BUILDING COVENANT OF $65 MILLION TO BE FULFILLED BY THE END OF DECEMBER, 1982 AND THE REQUIREMENT FOR A CHEQUE FOR $10 MILLION TO ACCOMPANY EACH TENDER.

THE SUCCESSFUL TENDERER WILL BE ABLE TO PAY FOR THE LOT IN FULL ON DEMAND OR BY NINE ANNUAL INSTALMENTS, INCLUDING INTEREST AT TEN PER CENT PER ANNUM,

HE WILL BE REQUIRED TO RECLAIM ABOUT 20 ACRES WITHIN 30 MONTHS, HANDING BACK NINE ACRES TO THE GOVERNMENT FOR BUILDING ROADS AND PROVIDING OPEN SPACES. HE WILL ALSO BE REQUIRED TO BUILD ROADS, SEWERS, A SEAWALL AND DRAINS:

TENDERS ARE TO BE PLACED IN THE TENDER BOX AT THE MAN WING OF THE CENTRAL GOVERNMENT OFFICES AND THE CLOSING DATE IS MAY 7.

14