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IT WAS CLEAR FROM THE DISCUSSIONS THAT. ALTHOUGH THE PROJECT INVOLVES COMPLEX PROPOSALS, IT COULD OFFER A VALUABLE OPPORTUNITY TO STRENGTHEN ECONOMIC TIES BETWEEN THE PRC AND THE UK, AND COULD BE BENEFICIAL TO THE STABILITY AND PROSPERITY
F HONG KONG.
THESE DISCUSSIONS, WHICH ARE PART OF A SERIES, WILL CONTINUE IN BEIJING NEXT WEEK.
THE DEPARTMENT OF INDUSTRY DELEGATION WAS LED BY MR GORDON MANZIE, DEPUTY SECRETARY. THE MINISTRY OF WATER RESOURCES AND ELECTRIC POWER DELEGATION WAS LED BY MR LI PENG, FIRST VICE-MINISTER,
HR JOHN BREMRIDGE, FINANCIAL_SECRETARY, AND MR PIERS JACOBS, SECRETARY FOR ECONOMIC SERVICES, EXPLAINED THE HONG KONG GOVERNMENT'S POSITION, LORD KADOOR IE ALSO PARTICIPATED ON BEHALF OF CHINA LIGHT AND POWER IN SOME OF THE DISCUSSIONS.
NEW RATES FOR EX-GRATIA COMPENSATION FOR RESUMED LAND ****
THE GOVERNMENT HAS PUBLISHED THE LATEST RATES FOR EX-GRATIA COMPENSATION FOR RESUMED LAND IN TODAY'S (FRIDAY) GOVERNMENT GAZETTE.
THESE RATES, WHICH WILL BE EFFECTIVE FROM APRIL 1, ARE $45.60 PER SQUARE FOOT FOR AGRICULTURAL LAND IN THE NEW TOWN DEVELOPMENT AREAS OF THE NEW TERRITORIES AND IN THE URBAN AREAS OF HONG KONG AND KOWLOON AND $78 PER SQUARE FOOT FOR BUILDING LAND WITHIN THE NEW TOWN DEVELOPMENT AREAS.
THE RATES APPLICABLE TO LAND OUTSIDE THE DEVELOPMENT AREAS WILL BE THE APPROPRIATE PERCENTAGE OF THE BASIC RATES OF $38 PER SQUARE FOOT FOR AGRICULTURAL LAND AND $65 PER SQUARE FOOT FOR BUILDING LAND ALSO PUBLISHED IN TODAY'S GOVERNMENT GAZETTE,
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