XN000022-1991-07-18 — Page 7

THURSDAY, JULY 18, 1991

6

THE TOTAL AMOUNT SECURED UNDER BUILDING MORTGAGES REGISTERED DURING THE FIRST HALF OF 1991 DROPPED BY 71.3 PER CENT FROM $7.31 BILLION IN THE FIRST HALF OF 1990 AND BY 0.7 PER CENT FROM 32.12 BILLION IN THE SECOND HALF OF 1990 TO $2.10 BILLION.

THE TOTAL AMOUNT SECURED UNDER MORTGAGES OTHER THAN BUILDING MORTGAGES ROSE BY 10.0 PER CENT FROM $39.54 BILLION IN THE FIRST HALF OF 1990 AND BY 13.6 PER CENT FROM $38.29 BILLION IN THE SECOND HALF OF 1990 TO $43.49 BILLION.

SIGNIFICANTLY

THE TOTAL AMOUNT ACTUALLY DRAWN DOWN ON THESE MORTGAGES AT ANY PARTICULAR TIME MAY BE

LESS THAN THE TOTAL AMOUNT

SECURED.

REPAYMENTS UNDER

MORTGAGES OF ALL KINDS, AS EVIDENCED BY DISCHARGES AND MORTGAGEE'S RECEIPTS, INCREASED BY 7.0 PER CENT FROM $16.53 BILLION IN THE FIRST HALF OF 1990 AND

BY 6.4 PER CENT FROM $16.63 BILLION IN THE SECOND HALF OF 1990 TO $17.69 BILLION.

SEARCHES BY MEMBERS OF THE PUBLIC DURING THE FIRST HALF OF 1991 TOTALLED 1,449,448, UP BY 18.6 PER CENT AND 4.8 PER CENT RESPECTIVELY COMPARED WITH THE FIRST AND SECOND HALVES OF 1990.

TOTAL NEW

THERE WERE 332 SURRENDERS AND RESUMPTIONS OF LAND WITH A COMPENSATION OF $0.21 BILLION PAID IN BOTH THE URBAN AREA AND THE TERRITORIES, COMPARED WITH 721 AND $0.41 BILLION IN THE FIRST HALF OF 1990 AND 495 AND $0.32 BILLION IN THE SECOND HALF OF RESPECTIVELY.

A TOTAL OF 561 GOVERNMENT LAND TRANSACTIONS WERE DURING THE FIRST HALF OF 1991 COMPARED WITH 617 AND 664 IN AND SECOND HALVES OF 1990 RESPECTIVELY.

THE MORE SIGNIFICANT GOVERNMENT LAND TRANSACTIONS DURING THE FIRST HALF OF 1991 WERE THE FOLLOWING:

*

1990

COMPLETED FIRST

THE

COMPLETED

32,800-SQUARE- AREA 22, SIU LIMITED AT A

THE SALE BY CASH TENDER ON JANUARY 15 OF A METRE SITE (CHAI WAN INLAND LOT NO. 146) AT SAI WAN, CHAI WAN TO CHASE LIGHT COMPANY PREMIUM OF $540,000,000 FOR NON-INDUSTRIAL (EXCLUDING HOTEL, GODOWN AND CINEMA) PURPOSES.

THE SALE BY PUBLIC AUCTION ON JANUARY 18 OF A 12,090-SQUARE- METRE SITE (TAI PO TOWN LOT NO. 110) IN AREA 6, MA WO, ΤΑΙ PO TO BEST REWARD DEVELOPMENT LIMITED AT A PREMIUM OF $280,000,000 FOR PRIVATE RESIDENTIAL PURPOSES.

THE GRANT ON FEBRUARY 25 OF A 4,033-SQUARE-METRE SITE (INLAND LOT NO. 8732) IN CENTRAL, HONG KONG AND BOUNDED BY HOLLYWOOD ROAD, SHING WONG STREET AND QUEEN'S ROAD CENTRAL TO HONG KONG HOUSING SOCIETY AT A PREMIUM OF $207,260,000 FOR NON-INDUSTRIAL (EXCLUDING GODOWN) PURPOSES.

THE GRANT ON MARCH (TERMINAL NO. 8) IN TERMINALS LIMITED AND LIMITED AT A PREMIUM TERMINAL PURPOSES.

28 OF A 584,

720-SQUARE-METRE

SITE

STONE CUTTERS ISLAND TO MODERN COSCO-HIT TERMINALS (HONG KONG) OF $2,000,000,000 FOR CONTAINER

/* THE SALE