XN000022-1991-02-11 — Page 25

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MONDAY, FEBRUARY 11, 1991

GOVERNMENT LOTS SOLD FOR $51.3 MILLION

TOTAL OF $51.3

TWO LOTS OF GOVERNMENT LAND WERE SOLD FOR A MILLION BY THE BUILDINGS AND LANDS DEPARTMENT AT A PUBLIC AUCTION HELD THIS (MONDAY) AFTERNOON AT THE CITY HALL THEATRE.

THE LOTS ARE LOCATED IN THE NEW TERRITORIES.

THE FIRST LOT IS LOCATED AT AREA 25, ON LOK TSUEN, FANLING, WHICH WAS BOUGHT BY THE MITA INVESTMENT CO (HK) LTD FOR $37.3 MILLION. BIDDING OPENED AT $22 MILLION.

THE SITE WITH AN AREA OF ABOUT 2,569 SQUARE METRES IS FOR INDUSTRIAL AND/OR GODOWN PURPOSES, EXCLUDING OFFENSIVE TRADE AND GODOWN FOR DANGEROUS GOODS.

NOT

ACCORDING TO THE BUILDING COVENANT, A GROSS FLOOR AREA OF LESS THAN 7,677 SQUARE METRES HAS TO BE COMPLETED ON OR BEFORE MARCH 31, 1995.

THE OTHER LOT IS LOCATED AT TUI MIN HOI, SAI KUNG.

IT WAS SOLD AT THE OFFSET PRICE OF $14 MILLION

SEAS MERCANTILE LTD.

TO THE FOUR

MEASURING ABOUT 2,850 SQUARE METRES, IT 19 AND/OR GODOWN PURPOSES.

FOR INDUSTRIAL

THE BUILDING COVENANT STIPULATES THAT A GROSS FLOOR AREA OF NOT LESS THAN 6,840 SQUARE METRES HAS TO BE COMPLETED ON OR BEFORE MARCH 31, 1994.

THE AUCTION WAS CONDUCTED BY GOVERNMENT LAND CORRIGALL, WHO SAID HE WAS SATISFIED WITH THE RESULTS.

AGENT, MR JOHN

NEW COMMANDING OFFICER FOR RHKAAF

WING COMMANDER PETER DICKY YIP HAS COMMANDING OFFICER FOR THE ROAYL HONG FOLLOWING HIS APPOINTMENT ON JANUARY 1.

BECOME THE FIRST CHINESE KONG AUXILIARY AIR FORCE

MR YIP IS TASKED TO OVERSEE THE SMOOTH COMPLETION OF THE UNIT'S MAJOR EXPANSION PROJECT THAT IS IN PROGRESS.

MR YIP HAS SERVED WITH THE UNIT AS A SENIOR VOLUNTEER HELICOPTER PILOT FOR OVER 20 YEARS.

/HE JOINED