XN000022-1991-10-17 — Page 5

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THURSDAY, OCTOBER 17, 1991

FMC WERE PART WAY PLACES TO BEST PLACES

MR BLAKE SAID CONSULTANTS APPOINTED BY THROUGH A MAJOR DRILLING INVESTIGATION TO FIND THE DREDGE SAND.

"DREDGED SAND HAS PROVED NOT ONLY TO BE SIGNIFICANTLY CHEAPER THAN THE TRADITIONAL TECHNIQUE OF CUTTING INTO HILLSIDES TO PROVIDE FILL,

ENVIRONMENT, ALSO HAS SIGNIFICANTLY LESS IMPACT ON THE BUT

WITH THE NEW TECHNIQUES OF DREDGING THAT PARTICULARLY

ARE BEING INSISTED ON BY THE GOVERNMENT," HE SAID.

MR

BLAKE SAID SEVERAL PROMISING AREAS HAD BEEN IDENTIFIED, OF WHICH MIRS BAY OFFERED THE BEST POTENTIAL.

THE

tot

OTHER AREAS WHICH HAD BEEN GAZETTED DURING THE PAST TWO YEARS AS POSSIBLE DREDGING AREAS, INCLUDE THE SEABED BETWEEN LANTAU AND SOUTH OF TSING YI, AROUND THE SOKO ISLANDS AND THE PO MAINLAND,

Þo

ISLANDS, THE

AND AN TATHONG CHANNEL AREA EAST OF HONG KONG ISLAND, AREA TOWARDS THE NINE PINS, HE SAID.

"THE

AVAILABILITY OF ENVIRONMENTAL IMPACT ASSESSMENT (EIA) AT THE FEASIBILITY PLANNING STAGE ENABLES THE FMC TO GIVE DETAILED CONSIDERATION TO THE EFFECTS OF POSSIBLE DREDGING ACTIVITIES ON RECREATIONAL FACILITIES AND ON THE ENVIRONMENT BEFORE ALLOCATING THE SITE IN QUESTION," MR BLAKE SAID.

"IN THE CASE OF MIRS BAY, A FULL RIA IS UNDERWAY WHICH WILL TAKE DUE ACCOUNT OF THE EXISTING CORAL REEFS AND SEA FLOOR FAUNA," HE ADDED.

SECRETARY

TASK FORCE FORMED TO TACKLE INFLATION

AN INTERNAL TASK FORCE UNDER THE CHAIRMANSHIP OF THE FINANCIAL INFLATION IN HAS BEEN FORMED TO EXAMINE THE PROBLEM OF DEPTH, THE ACTING FINANCIAL SECRETARY, THE HON DAVID NENDICK, SAID TODAY (THURSDAY).

THE

WERE

+

KONG'S

REPLYING ΤΟ A QUESTION BY THE HON FUNG CHI-WOOD IN LEGISLATIVE COUNCIL, MR NENDICK SAID IT WOULD ALSO CONSIDER WHAT THE MOST APPROPRIATE RESPONSES WITHIN THE CONSTRAINTS OF HOND ECONOMIC AND FINANCIAL SITUATION.

NOTING THAT THE GOVERNMENT WOULD CONTINUE TO DO WHAT IT COULD TO BRING DOWN INFLATION, HE SAID THE ISSUE WAS A COMPLEX ONE INVOLVING A NUMBER OF FACTORS SUCH AS AN OVERHEATED RESIDENTIAL PROPERTY MARKET AND CONSTRAINTS IN THE SUPPLY OF LABOUR.

ΤΟ DEAL WITH HIGH PROPERTY PRICES AND SPECULATIVE ACTIVITY IN COMMISSION THE PROPERTY MARKET, MR NENDICK SAID THE SINO-BRITISH LAND

BY 5.9 AGREED LAST WEEK TO INCREASE THE SUPPLY OF RESIDENTIAL LAND HECTARES IN THIS FINANCIAL YEAR.

/"THIS SHOULD