XN000022-1981-04-01 — Page 6

WEDNESDAY, APRIL 1, 1981

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BIGGER COMPENSATION FOR AGRICULTURAL LAND

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THE COMPENSATION RATE FOR OLD SCHEDULED AGRICULTURAL LOTS RESUMED IN NEW KOWLOON OR ON HONG KONG ISLAND HAS BEEN INCREASED WITH IMMEDIATE EFFECT FROM $97.90 PER SQ. FT. TO $113.30 PER SQ. FT., A GOVERNMENT SPOKESMAN SAID TODAY (WEDNESDAY).

THE RATE FOR THE URBAN AREA IS PEGGED TO THE RATE FOR AGRICULTURAL LAND IN THE NEW TERRITORIES WHICH IS REVISED EVERY SIX MONTHS.

THE NEW TERRITOR IES RATE WAS REVISED RECENTLY TO $103 PER

SQ. FT.

NT CHAMBER MEMBERS TAKE OFFICE

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NEW TERRITORIES CONTRIBUTION TO HONG KONG'S PROSPERITY INCREASES WITH THE MOVEMENT OF POPULATION TO THE NEW TOWNS, DEPUTY SECRETARY FOR THE NEW TERRITORIES, MR AUGUSTINE CHUŤ KAM, SAID TODAY (WEDNESDAY).

MR CHUI WAS SPEAKING AT THE INAUGURATION OF THE NINTH TERM OF THE EXECUTIVE AND SUPERVISORY COMMITTEE, NEW TERRITORIES GENERAL CHAMBER OF COMMERCE, AT TSUEN WAN TOWN HALL.

HE SAID THE POPULATION MOVE TO THE NEW TOWNS, WITH THEIR NEW INDUSTRIES AND NEW OPPORTUNITIES, MEANT AN EXPANSION OF BUSINESS ACTIVITY IN THE NEW TERRITORIES.

+ IN EXPLOITING THESE NEW OPPORTUNITIES FOR TRADE AND PROF IT THE WELFARE OF THE WIDER COMMUNITY MUST BE REMEMBERED, HE SAID.

THE NEW TERRITORIES GENERAL CHAMBER OF COMMERCE, FORMED IN 1959 WITH NINE AFFILIATED ASSOCIATIONS AND CHAMBERS, NOW HAS A MEMBERSHIP OF 17.

MR DEACON CHIU, A PROMINENT BUSINESSMAN, IS PRESIDENT OF THE CHAMBER,

+THE CONTRIBUTION OF THE NEW TERRITORIES GENERAL CHAMBER OF COMMERCE CAN BE VERY SIGNIFICANT, NOT ONLY IN BRINGING MEMBERS TOGETHER TO EXPAND AND IMPROVE THEIR BUSINESS ENTERPRISES, BUT IN THE ORDINARY AFFAIRS OF THE TOWN THE MAINTENANCE OF STREETS, BUILDINGS, SHOPS AND OFFICES, AND IN THE GENERAL EFFORT TO GIVE OUR TOWNS A SAFE, HEALTHY AND HAPPY ENVIRONMENT,+ MR CHUT SAID.

AT TODAY'S CEREMONY, 48 COMMITTEE MEMBERS WERE INAUGURATED FOR A TERM OF TWO-YEAR.

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