XN000022-1991-09-12 — Page 15

ELECTRICAL MACHINERY,

APPARATUS AND APPLIANCES,

AND ELECTRICAL PARTS

THEREOF

TELECOMMUNICATIONS AND

SOUND RECORDING AND

REPRODUCING APPARATUS AND EQUIPMENT

FOOTWEAR

14

THURSDAY, SEPTEMBER 12, 1991

3,959

+ 33

23,619

+ 13

4,023

+ 31

23,326

+ 27

2,347

+ 82

12,225

+ 72

SUFFICIENT LAND WILL BE SOLD TO MEET DEMAND

* * * * * *

THE DIRECTOR OF BUILDINGS AND LANDS, MR ROBERT POPE, TODAY (THURSDAY) ASSURED THE PUBLIC THAT SUFFICIENT LAND WOULD BE SOLD ΤΟ MEET THE SUDDEN INCREASE IN DEMAND AND THIS WOULD HOPEFULLY DEFLATE THE CURRENTLY OVER-HEATED PROPERTY MARKET.

SPEAKING AT A LUNCHEON MEETING, HE SAID: "IN ORDER TO MEET THE OBVIOUS INCREASED DEMAND FOR LAND, THE LAND COMMISSION WILL BE APPROACHED AT THEIR NEXT MEETING FOR APPROVAL TO DRAW ON THE FIVE HECTARES OF LAND IN THE RESERVE PROGRAMME.'

||

HE EXPLAINED THAT IT WAS NOT POSSIBLE OR INDEED NECESSARY TO

APPROACH THE LAND COMMISSION EARLIER.

"WHEN THEY HELD THEIR LAST MEETING IN JUNE, WE WERE ONLY THREE MONTHS INTO THE LAND DISPOSAL PROGRAMME AND IT WOULD HAVE BEEN RIDICULOUS TO ASK THE LAND COMMISSION FOR APPROVAL TO SELL MORE LAND WHEN WE HAD NOT AT THAT POINT IN TIME SOLD VERY MUCH AT ALL," HE SAID.

"BY THE NEXT MEETING WE WILL BE MORE THAN HALF-WAY THROUGH THE LAND DISPOSAL PROGRAMME AND IT WILL BE POSSIBLE TO JUDGE HOW MUCH MORE LAND WILL BE REQUIRED.

MR POPE REFUTED SUGGESTION THAT THE 50 HECTARES LIMITATION ON LAND SALES IN THE JOINT DECLARATION WAS CAUSING ANY SHORTAGE OF LAND SUPPLY.

HE SAID: "THE AMOUNT OF LAND DISPOSED OF EACH YEAR SINCE THE SINO-BRITISH JOINT DECLARATION HAS EACH YEAR EXCEEDED THE 50 HECTARES LIMITATION, THE AVERAGE BEING 85 HECTARES WITH 144 HECTARES BEING DISPOSED OF IN 1988/89.

"THE LAND COMMISSION HAS BEEN A VERY SUCCESSFUL COMMITTEE DRAWN FROM THE BRITISH AND CHINESE SIDE.

JofNT

FLATS COMMISSIONER OF RATING FLATS WILL BE PRODUCED

"BASED ON PAST RECORDS, AN AVERAGE OF ABOUT 31,000 NEW ARE PRODUCED EACH YEAR AND ACCORDING TO THE AND VALUATION'S 1991 PROPERTY REVIEW 30,400 THIS YEAR WITH 34,700 BEING PRODUCED IN 1992.

-

/"THEREFORE THERE