WEDNESDAY, OCTOBER 14, 1981
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GUARANTEE FOR MTR LOANS
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GOVERNMENT GUARANTEES TO COVER REPAYMENT OF THREE LOANS TOTALLING $114 MILLION OF THE MASS TRANSIT RAILWAY CORPORATION WERE APPROVED BY THE LEGISLATIVE COUNCIL TODAY.
THE MONEY WILL BE USED TO FINANCE PART OF THE ISLAND LINE CONTRACTS COVERING ADVANCE WORKS FOR STATIONS AT WAN CHAI, CAUSEWAY BAY, TIN HAU, TAI KOO SHING AND ADMIRALTY AND QUARRY BAY.
THIS BROUGHT THE GOVERNMENT'S TOTAL GUARANTEE COMMITMENT ON OUTSTANDING LOANS AVAILABLE TO THE MASS TRANSIT RAILWAY CORPORATION TO $5 826 MILLION.
DETAILS OF NEW HOS PRICING POLICY OUTLINED
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THE SECRETARY FOR HOUSING, THE HON DONALD LIAO, TODAY OUTLINED DETAILS OF THE NEW PRICING POLICY FOR HOME OWNERSHIP FLATS ANNOUNCED BY THE GOVERNOR, SIR MURRAY MACLEHOSE, IN HIS ANNUAL REVIEW TO THE OPENING OF THE NEW LEGISLATIVE COUNCIL SESSION LAST WEEK.
MR LIAO WAS SPEAKING IN THE LEGISLATIVE COUNCIL IN SUPPORT
OF A MOTION OF THANKS FOR THE GOVERNOR'S ADDRESS.
COPIES OF THE FULL TEXT OF MR LIAO'S SPEECH, TOGETHER WITH A SUMMARY, ARE AVAILABLE FOR COLLECTION FROM THE GIS PRESS BOXES.
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