XN000022-1983-09-27 — Page 7

TUESDAY, SEPTEMBER 27, 1983

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+ABOUT $750 MILLION WILL BE RECOVERED FROM THE SALE OF THESE FLATS, COVERING THE CONSTRUCTION COST, LAND FORMATION COST AND OTHER CHARGES INCURRED IN BUILDING THE FLATS THE WHOLE AMOUNT CAN BE MADE AVAILABLE FOR THE DEVELOPMENT OF PUBLIC HOUSING.+

AS REGARDS THE HOUSING AUTHORITY MEMBERSHIP HE SAID ITS UNOFFICIAL MEMBERS CONSTITUTED A TWO-THIRDS MAJORITY.

+MANY OF THEM ARE COMMUNITY LEADERS WHO ALSO SERVE ON DISTRICT BOARDS IN ADDITION TO THEIR OTHER OFFICES OF PUBLIC SERVICES SUCH AS THE URBAN COUNCIL, HEUNG YEE KUK AND THE LEGISLATIVE COUNCIL.

+AS A WHOLE, THE PRESENT SETUP OF THE HOUSING AUTHORITY AND ITS COMMITTEES ALREADY PROVIDES A CONSTRUCTIVE INPUT FROM UNOFFICIALS WHO ARE IN DAY-TO-DAY TOUCH WITH THE COMMUNITY AND ARE THUS ABLE TO FORMULATE EFFECTIVE DECISIONS AND TENDER SOUND ADVICE IN THE INTERESTS OF THE PUBLIC AND THE COMMUNITY.+

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REGISTRATION REVOKED

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THE COMMISSIONER OF DEPOSIT-TAKING COMPANIES ANNOUNCED THAT HE HAS TODAY REVOKED THE REGISTRATION OF CREDITLAND FINANCE LIMITED AS A DEPOSIT-TAKING COMPANY, ON THE GROUND THAT IT APPEARS TO HIM THAT THE COMPANY IS NOT A FIT AND PROPER BODY TO REMAIN REGISTERED.

THIRD HOTTEST AUGUST RECORDED

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AND THE 29.0 LAST MONTH WAS HOTTER AND DRIER THAN NORMAL DEGREES CELSIUS MEAN TEMPERATURE MADE IT THE THIRD HOTTEST AUGUST ON RECORD, THE ROYAL OBSERVATORY REPORTS.

THE MEAN TEMPERATURE IN AUGUST 1962 WAS 29.2 DEGREES CELSIUS AND IN AUGUST 1981 WAS 29.1 DEGREES CELSIUS.

FOR TWO CONSECUTIVE AFTERNOONS, ON AUGUST 12 AND 13, THE TEMPERATURE HIT 33.7 DEGREES CELSIUS, THE HIGHEST IN THE MONTH.

THE MONTH WAS ALSO DRIER THAN USUAL, WITH 345.7 MM OF RAINFALL BEING RECORDED - 16 PER CENT BELOW NORMAL.

BUT THE ACCUMULATED RAINFALL SINCE JANUARY 1 THIS YEAR STOOD AT 2 211.6 MM, WHICH WAS STILL 28 PER CENT ABOVE AVERAGE, THE OBSERVATORY STATES IN ITS MONTHLY REPORT.

THE MEAN MINIMUM TEMPERATURE OF 26.8 DEGREES CELSIUS WAS THE SECOND HIGHEST FOR THE MONTH.

/APART FROM