XN000022-1991-03-22 — Page 9

MR POPE STATED THAT IN ORDER TO MEET

TOTAL OF SEVEN SITES

COMMITMENT, A TENDERED.

FRIDAY, MARCH 22, 1991

THE COMPRISING

ONGOING

5.08

LETTER

WILL HA

A/B

BE

THE SITES ARE SITUATED THROUGHOUT THE NEW IN TSUEN WAN, AND THE REMAINING IN TSEUNG KWAN 0, FANLING AND SHA TIN.

TWO

TERRITORIES 'TAI PO, YUEN LONG,

THESE SITES WILL HAVE THE OPTION OF

LETTER B" TENDER,

THE

PURCHASERS OF

SUBMITTING EITHER A VINTAGE OR A "MONETISED PRIORITY BEING GIVEN TO THE FORMER.

HE ADDED THAT THE SITES WILL EQUATE TO A LETTER FEET OF ABOUT 1.3 MILLION SQUARE ABOUT SIX MILLION SQUARE FEET.

B

WITH

REDEMPTION

AGAINST A CURRENT COMMITMENT OF

IN 1983, WHEN LETTER B CEASED ΤΟ BE ISSUED,

CONFIDENT COMMITMENT WAS 35 MILLION SQUARE FEET AND HE IS TOTAL WOULD BE FULLY REDEEMED WITHIN THREE YEARS.

TOTAL THE

THAT THE

REVENUE

THE MR POPE SAID

ANTICIPATED REVENUE FROM THE LAND SALES

THE SIMILAR TO PROGRAMME AMOUNTED TO $4.07 BILLION WHICH IS RECEIVED IN 1990/91 OF $4.04 BILLION.

1990/91

THAT

IN REDUCTION

IN HE SAID THE REASON FOR THE

REVENUE

FACT SOLELY DUE TO THE AGAINST THE ESTIMATES ($5.8 BILLION) IS THE REVENUE FOR CONTAINER TERMINAL 8 WILL BE RECEIVABLE IN 1991/92.

ΤΟ MR POPE SAID HE CONSIDERED THIS

BE A BALANCED PROGRAMME NEEDS, BUT THAT WILL PROVIDE FOR HOUSING, INDUSTRIAL AND COMMERCIAL PROGRAMME IS ONLY REITERATED THE POINT THAT THE SALES

PROVISIONAL

AND CAN BE SUBJECT TO CHANGE.

FURTHER DETAILS AND DATES WILL AND MAJOR NEWSPAPERS IN THE USUAL WAY.

BE

PUBLISHED IN THE GAZETTE

YEAR ARE MURRAY

COPIES OF THE TENTATIVE LAND SALES PROGRAMME FOR THE AVAILABLE FROM THE BUILDINGS AND LANDS DEPARTMENT, 14TH FLOOR,

OF THE DISTRICT LANDS BUILDING, GARDEN ROAD, HONG KONG OR FROM ANY OFFICES.

AUTHORISATION SOUGHT FOR AIRPORT RECLAMATION AND ASSOCIATED WORKS

*

* *

REVISE WHICH IT IS FOR THE NEW

A NOTICE APPEARING IN THE GAZETTE TODAY (FRIDAY) WILL THE BOUNDARY OF THE AREA OF FORESHORE AND SEABED WITHIN PROPOSED THAT RECLAMATION AND OTHER ASSOCIATED WORKS AIRPORT AT CHER LAP KOK WILL BE CARRIED OUT.

A SPOKESMAN FOR THE WORKS BRANCH EXPLAINED THAT THE NEW AREAS INVOLVED COVERED 112 HECTARES ON THE NORTHERN SIDE OF THE NEW AIRPORT AND 385 HECTARES TO THE EAST OF IT.

/IT WAS