XN000022-1988-09-16 — Page 14

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· FRIDAY, SEPTEMBER 16, 1988

DTC REGISTRATION REVOKED

THE COMMISSIONER OF BANKING ANNOUNCED THAT THE REGISTRATION OF HOARESTOTT FINANCE LIMITED AS A DEPOSIT-TAKING COMPANY HAS BERN REVOKED TODAY (FRIDAY) UNDER SECTION 31 (1) (D) (1) OF THE BANKING ORDINANCE ON THE GROUND THAT THE COMPANY IS NOT A FIT AND PROPER BODY TO, REMAIN. REGISTERED.

PLANS FOR LAND SALES ANNOUNCED

*

THE GOVERNMENT PLANS TO OFFER A FURTHER 30 SITES. ABOUT 19 HECTARES, IN THE URBAN AREA AND IN THE NEW TERRITORIES FOR SALE BY PUBLIC AUCTION AND TENDER DURING THE SECOND HALF OF THE FINANCIAL YEAR ENDING MARCH 31 NEXT YEAR.

THIS WAS ANNOUNCED BY ACTING PRINCIPAL OF THE BUILDINGS AND LANDS DEPARTMENT, MR CONFERENCE TODAY (FRIDAY).

GOVERNMENT LAND AGENT

C.M. MO, AT A PRESS

TOGETHER WITH THE SITES OFFERED IN THE FIRST SIX MONTHS, A TOTAL OF 48 SITES WILL BE AVAILABLE FOR THE WHOLE YEAR, AMOUNT ING TO ABOUT 24 HECTARES EXCLUDING CONTAINER TERMINAL NO. 7.

IN THE COMING SIX MONTHS, 16 SITES WOULD BE OFFERED BY AUCTION, FIVE BY CASH TENDER AND NINE BY LETTER A/B TENDER, MR MO SAID.

"A 7,100-SQUARE-METRE COMMERCIAL SITE AT THE JUNCTION OF HARBOUR ROAD AND FLEMING ROAD ON THE WAN CHAI RECLAMATION WILL UNDOUBTEDLY BE THE MOST VALUABLE LOT AND KEEN BIDDING IS EXPECTED WHEN THE SITE IS AUCTIONED IN JANUARY,' HE SAID.

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"TWO OTHER COMMERCIAL SITES WILL REQUIRE THE PURCHASER ΤΟ PROVIDE PUBLIC CAR PARKING IN THE DEVELOPMENT AND WILL DE SOLD BY AUCTION IN NOVEMBER AND FEBRUARY RESPECTIVELY.“

SALES OF RESIDENTIAL DEVELOPMENT INCLUDE MEDIUM DENSITY SITES WO AT TUEN MUN, ARGYLE STREET AND TAT CHEE AVENUE IN KOWLOON, AND TAI TSUEN IN KWAI CHUNG, TWO OF THESE SITES ARE IN EXCESS OF ONE HECTARE IN AREA.

THREE LOTS WILL BE SOLD BY AUCTION FOR INDUSTRIAL USE AND ONE FOR DEVELOPMENT AS A DANGEROUS GOODS GODOWN.

(PSPS)

TURNING TO THE CASH TENDER SALES, MR MO SAID THAT THREE SITES WOULD BE OFFERED UNDER THE PRIVATE SECTOR PARTICIPATION SCHEME AT LOCATIONS IN JUNK BAY, TAI PO AND FANLING.

/THESE SITES