XN000022-1988-11-09 — Page 36

T

WEDNESDAY, NOVEMBER 9, 1988

34

UP OF THE SINGLE

EUROPEAN

MARKET,

ON THE SETTING PROMISED THAT THE GOVERNMENT WOULD MONITOR THE SITUATION VERY AUTHORITATIVE THOUGH THERE HAD BEEN WELCOME STATEMENTS FROM

SINGLE MARKET IN 1992, SAYING THAT UPON COMPLETION OF WOULD FULFIL ITS INTERNATIONAL OBLIGATIONS AND WOULD NOT TURN "FORTRESS".

BROUGHT HAD

MR SZE CLOSELY

SOURCES

EUROPE

INTO A

FABRICS OVER THE

150 KONG ΤΟ HONG INTERSTOFF ASIA '88 MANUFACTURERS FROM 20 FOREIGN COUNTRIES AND TERRITORIES ALL

WORLD.

AND YARNS ON DISPLAY

MR SZE SAID HE WAS PLEASED THAT LOCAL MANUFACTURERS COULD

HIGH SELECTION OF

WITH VIEWS THE CHANCE TO CAREFULLY SURVEY THE WIDE FABRICS COUNTERPARTS,

AND EXCHANGED

HAVE FASHION THEIR

INCOME LIMITS AND HOME PURCHASE LOAN SCHEME TO BE REVIEWED

OF

IN

EXERCISE ONE HOME OWNERSHIP SCHEME AND

CRITERIA THE ELIGIBILITY

MR FREDDIE HOUSING,

THE

THE

OF

THE HOUSING AUTHORITY WILL BE REVIEWING CURRENT INCOME LIMITS FOR BOTH THE WAITING LIST AND THE AMOUNT, QUOTA AND THE HOME PURCHASE LOAN SCHEME, THE DIRECTOR PANG, SAID TODAY.

KONG AIMED TO

SPEAKING AT THE REGULAR MEETING OF THE LIONS CLUB OF HONG NORTH THIS EVENING, MR PANG SAID THE REVIEWING EXERCISE WAS BE COMPLETED BY EARLY 1989.

RENTAL MIGHT BE NUMBER OF

LIMITS FOR PUBLIC LIST INCOME HE SAID THAT WAITING HOUSING WERE REVIEWED ANNUALLY, AND REVISIONS TO THE LIMITS

OF A INTO CONSIDERATION THE EFFECT MADE AFTER TAKING FACTORS INCLUDING INFLATION, REAL INCOME GROWTH AND SO ON.

IN THE HOUSEHOLD INCOMES

AT TAKE A FRESH LOOK

"GIVEN THE MOVEMENT OF PRICES AND LAST YEAR OR SO, THE TIME HAS COME FOR US TO THESE LIMITS," HE SAID.

MR PANG POINTED OUT THAT THERE WERE ADVANTAGES

LOAN SCHEME REVIEWED TWO INCOME LIMITS AND THE BECAUSE THEY WERE INTER-RELATED AND HAD DEMAND.

IMPLICATION

IN HAVING THE AS ONE EXERCISE

THE ON

HOUSING

THE HOUSING AUTHORITY

RECOMMENDATIONS WILL BE PUT FORWARD TO FOR IMPLEMENTATION AS FROM APRIL 1 NEXT YEAR, MR PANG ADDED.

THE CENT WAS PURELY ON DOMESTIC RENT POLICY, MR PANG SAID RECENT REPORTS THAT

POLICY HAD MEDIAN RENT-INCOME RATIO WOULD BE RAISED TO 20 PER SPECULATION BECAUSE A REVIEW OF THE CURRENT DOMESTIC RENT YET TO BE CONDUCTED.

/HOWEVER, HE ...