XN000022-1991-04-26 — Page 7

FRIDAY, APRIL 26, 1991

THE THIRD LOT IS LOCATED AT AREA 26, ON LOK TSUEN, FANLING.

IT HAS AN AREA OF 1,966 SQUARE METRES AND IS ΤΟ BE USED INDUSTRIAL AND/OR GODOWN PURPOSES, EXCLUDING OFFENSIVE TRADE AND GODOWN FOR DANGEROUS GOODS.

FOR

ANY

BIDDING OPENED AT $20 MILLION, THE LOT WAS BOUGHT HARVESTRADE INVESTMENT LTD FOR $36 MILLION.

BY

THE DEVELOPER HAS TO COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 5,898 SQUARE METRES ON OR BEFORE JUNE 30, 1995.

THE AUCTION, HELD AT THE CITY HALL THEATRE,

THE GOVERNMENT LAND AGENT, MR TIM MILLS.

MR MILLS SAID THE RESULTS WERE EXTREMELY GOOD.

WAS

CONDUCTED

BY

VARIOUS ISSUES DISCUSSED AT

LAND AND BUILDING ADVISORY COMMITTEE MEETING

ON THE PROGRESS OF THE THAT A CONSULTATION

AT A MEETING OF THE LAND AND BUILDING ADVISORY COMMITTEE YESTERDAY (THURSDAY), MEMBERS WERE BRIEFED REVIEW OF THE TOWN PLANNING ORDINANCE AND NOTED DOCUMENT WOULD BE AVAILABLE IN JULY THIS YEAR.

THEY WERE ALSO INFORMED THAT THE TOWN PLANNING (AMENDMENT) BILL 1991 WAS GAZETTED ON APRIL 19, 1991, REGARDING THE SETTING UP OF AN APPEAL BOARD TO REPLACE THE GOVERNOR IN COUNCIL IN THE CONSIDERATION OF OBJECTIONS TO THE DECISIONS OF THE TOWN BOARD UNDER SECTION 17(7) OF THE TOWN PLANNING ORDINANCE.

THE COMMITTEE ALSO DISCUSSED THE RECENTLY INTRODUCED (ADMINISTRATION) (AMENDMENT) REGULATIONS 1991 TO CHARGE FEES PROCESSING OF BUILDING PLANS.

PLANNING

BUILDING

FOR THE

THE MEETING NOTED THAT THE SYSTEM WAS BEING CLOSELY MONITORED BY THE BUILDINGS AND LANDS DEPARTMENT AND THAT AN AD HOC GROUP HAD BEEN SET UP BY THE LEGISLATIVE COUNCIL ΤΟ STUDY THE REGULATIONS.

AMENDED

THE COMMITTEE ALSO DISCUSSED MATTERS RELATING TO THE OF NON-RENEWABLE LEASES IN THE URBAN AREA.

EXTENSION

MEMBERS NOTED THAT SUCH LEASES WOULD NORMALLY BE EXTENDED UNLESS THE LAND WAS REQUIRED FOR A PUBLIC PURPOSE, SUCH AS OPEN SPACE OR ROAD WIDENING, WHICH WAS INDICATED ON THE RELEVANT STATUTORY TOWN PLAN.

/A LESSEE