XN000022-1988-04-29 — Page 12

FRIDAY, APRIL 29, 1968

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GOOD RESPONSE TO HOS MORTGAGE FINANCE

THE

FINANCIAL INSTITUTIONS AGAIN PARTICIPATED ACTIVELY IN MORTGAGE FINANCE OF THE GOVERNMENT'S HOME OWNERSHIP SCHEME THIS YEAR.

ORTGA

A GOVERNMENT SPOKESMAN SAID TODAY (FRIDAY) THAT THE RESPONSE OF THE FINANCIAL INSTITUTIONS TOWARDS THIS YEAR'S MORTGAGB EXERCISE WAS EXCELLENT. THE NUMBER OF PARTICIPATING FINANCIAL INSTITUTIONS TOTALLED 61.

THEIR COMMITMENT OF FUNDS SUBSTANTIALLY EXCEEDED THE ESTIMATED MORTGAGE FINANCE REQUIREMENT OF $5 BILLION, FOR AROUND 17,000 FLATS FOR SALE IN 1988 UNDER THE HOME OWNERSHIP SCHEME (HOS) AND PRIVATE SECTOR PARTICIPATION SCHEME (PSPS).

"THE FINANCIAL INSTITUTIONS' FAVOURABLE RESPONSE REFLECTS THEIR CONTINUED SUPPORT OF THIS WORTHY SCHEME, THE SPOKESMAN SAID.

**

+

BY THE END OF 1987, A TOTAL OF AROUND 90,000 FLATS HAD BEEN SOLD UNDER THE HOME OWNERSHIP AND PRIVATE SECTOR PARTICIPATION SCHEMES.

HOS AND PSPS FLAT PURCHASERS WHO REQUIRE MORTGAGE FINANCE CAN APPROACH ANY ONE OF THE PARTICIPATING FINANCIAL INSTITUTIONS FOR ASSISTANCE.

13

A COMPLETE LIST OF THE PARTICIPATING FINANCIAL INSTITUTIONS AVAILABLE AT THE HOME OWNERSHIP CENTRE, THIRD FLOOR, LOK FU SHOPPING CENTRE, JUNCTION ROAD, KOWLOON.

PRAISE FOR CLUBS IN PROMOTING RECREATION AND SPORT

THE

MAKE AN IMPORTANT PRIVATE RECREATION CLUBS

CONTRIBUTION то RECREATION AND SPORT IN THE GOVERNMENT'S EFFORTS IN PROMOTING COMMUNITY, THE GOVERNOR, SIR DAVID WILSON, SAID TODAY (FRIDAY).

THE GOVERNOR WAS SPEAKING AT THE OPENING CEREMONY SPORTS COMPLEX OF THE SOUTH CHINA ATHLETIC ASSOCIATION.

OF THE

NEW

THE BUT ALL, VARIETY OF

"THE GOVERNMENT'S AIM IS TO ENHANCE THE QUALITY OF LIFE OF

BY

OPPORTUNITIES FOR PROPLE OF HONG KONG

PROVIDING

PART IN A WIDE PARTICULARLY FOR YOUNG PEOPLE, TO TAKE RECREATION AND SPORTS PROGRAMMES, SIR DAVID SAID.

■

/"PRIVATE RECREATION