XN000022-1991-10-17 — Page 4

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THURSDAY, OCTOBER 17, 1991

"THIS YEAR, ABOUT 90 HECTARES OF LAND ARE BEING SUPPLIED FOR THE PURPOSE," HE SAID.

RESPONDING

ÁLSO

TO RECENT PUBLIC CONCERN, THE LAND COMMISSION AGREED LAST WEEK THAT AN ADDITIONAL 5.9 HECTARES SHOULD BE INCLUDED IN

USE, YEAR'S LAND DISPOSAL PROGRAMME FOR PRIVATE RESIDENTIAL THIS

MR

LEUNG SAID.

REPLYING TO DR LAM'S OTHER QUESTIONS ON THE AVERAGE MONTHLY

OF THE MIDDLE AND LOWER INCOME GROUPS AND THE AVERAGE INCOME

MONTHLY MORTGAGE REPAYMENT FOR AN AVERAGE HOME OWNERSHIP SCHEME FLAT, MR LEUNG SAID THE GOVERNMENT DID NOT HAVE A GENERALLY AGREED DEFINITION ON THE LOWER AND MIDDLE INCOME GROUPS IN HONG KONG.

"FOR THE PURPOSE OF THIS REPLY I HAVE ASSUMED THAT THE TOP 10 THE PER CENT OF HOUSEHOLDS IN TERMS OF INCOME DISTRIBUTION BELONGS TO HIGHER INCOME GROUP; THE NEXT 30 PER CENT THE MIDDLE INCOME GROUP; AND THE REMAINING 60 PER CENT THE LOWER INCOME GROUP.

"THESE GROUPINGS ARE BROADLY COMPATIBLE WITH THOSE USED IN COMPILING THE CONSUMER PRICE INDEXES.

"ON THE BASIS OF THE RESULTS OF THE - GENERÅL HOUSEHOLD SURVEY CONDUCTED EARLIER THIS YEAR, THE MEDIAN MONTHLY HOUSEHOLD INCOME OF THE MIDDLE INCOME GROUP AND LOWER INCOME GROUP WAS $17,800 AND $7,200 RESPECTIVELY.

"THE AVERAGE PRICE OF A HOME OWNERSHIP SCHEME FLAT UNDER PHASES 13B, WHERE SALES ARE IN PROGRESS, IS $680,000. ASSUMING A DOWNPAYMENT YEARS AT 10 PER CENT OF THE FLAT PRICE, AND REPAYMENT SPREAD OVER 20 AT THE CURRENT MORTGAGE RATE OF 10 PER CENT PER ANNUM, THE MORTGAGE REPAYMENT IS ABOUT $5,900.

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MONTHLY

'DIFFERENT DOWNPAYMENT AND REPAYMENT PERIODS WILL OF couksk PRODUCE A DIFFERENT RESULT," MR LEUNG SAID.

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EFFECTS OF DREDGING ON ENVIRONMENT FULLY CONSIDERED

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A FILL MANAGEMENT COMMITTEE (FMC), SET UP IN 1989 WITH ALL INTERESTED POLICY BRANCHES AND DEPARTMENTS REPRESENTED, INVESTIGATES AND MANAGES FILL SOURCES SO AS TO ALLOCATE THEM AS NEEDED TO INDIVIDUAL PROJECTS.

THE FMC ALSO RECEIVED SUBMISSIONS FROM THE PRIVATE SECTOR AND AUTHORITIES SUCH AS THE INDUSTRIAL ESTATES CORPORATION, INCORPORATING THESE INTO A TOTAL FILL MANAGEMENT STRATEGY.

THIS WAS STATED BY THE SECRETARY FOR WORKS, MR JAMES BLAKE, A WRITTEN REPLY TO A QUESTION BY THE HON PETER WONG COUNCIL MEETING TODAY (THURSDAY).

IN

AT LEGISLATIVE

/MR BLAKE

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