XN000022-1992-10-15 — Page 8

THURSDAY, OCTOBER 15, 1992

MORTGAGES

WITH ABOUT $0.92 BILLION

IN THE IN

THE TOTAL AMOUNT SECURED UNDER NEW BUILDING MONTH WAS ABOUT 0.53 BILLION COMPARED SEPTEMBER, 1991.

THE TOTAL AMOUNT SECURED UNDER NEW MORTGAGES IN THE MONTH OTHER THAN BUILDING MORTGAGES DROPPED BY 17% FROM ABOUT $7.23 SEPTEMBER 1991 TO ABOUT $6.01 BILLION IN SEPTEMBER, 1992.

BILLION IN

THE TOTAL AMOUNT ACTUALLY DRAWN DOWN ON BUILDING MORTGAGES AT ANY PARTICULAR TIME MAY BE SIGNIFICANTLY TOTAL AMOUNT SECURED.

LESS

AND

OTHER THAN THE

BY

ABOUT SEPTEMBER,

REPAYMENTS UNDER MORTGAGES OF ALL KINDS, AS EVIDENCED DISCHARGES AND MORTGAGE'S RECEIPTS, INCREASED BY 13.9% FROM $3.42 BILLION IN SEPTEMBER 1991 TO ABOUT $3.89 BILLION 1992.

IN

MEANWHILE, DETAILS OF LAND OFFICE CONSENTS GIVEN TO ENTER AGREEMENTS FOR SALES AND PURCHASES OF UNCOMPLETED BUILDINGS WERE RELEASED.

LAST MONTH, FOUR SUCH CONSENTS WERE GRANTED INVOLVING UNITS IN THE URBAN AREAS AND 2,995 UNITS IN THE NEW TERRITORIES.

INTO

ALSO

1,546

CONTRACT SIGNED FOR TRANSMISSION PIPELINES FOR CHINA WATER

SIGNED A $337 WATER TRANSMISSION ΤΑΙ PO TAU IN

THE WATER SUPPLIES DEPARTMENT TODAY (THURSDAY) MILLION CONTRACT FOR THE SUPPLY AND LAYING OF PIPELINES BETWEEN THE PUMPING STATIONS AT MUK WU AND THE NEW TERRITORIES.

THIS IS THE SEVENTH IN A SERIES OF CONTRACTS WATER SUPPLY PROJECT WHICH PROVIDES FOR STAGED EXPANSION OF FACILITIES FOR THE CHINA TO RECEIVE AND TRANSFER ADDITIONAL WATER SUPPLY FROM CHINA.

ON COMPLETION OF THE EXPANSION, THE RECEPTION CAPACITY WILL BE INCREASED FROM THE EXISTING 620 MILLION CUBIC

AND TRANSFER PER YEAR TO 1,100 MILLION CUBIC METRES PER YEAR.

STAGE 1 OF THE PROJECT, AT AN ESTIMATED TOTAL MILLION, COVERS ALL THE MAJOR WORKS REQUIRED EARLY 1995.

METRES

COST OF $2,092 FOR COMMISSIONING BY

MUK WU IS THE FOREMOST POINT IN THE TERRITORY'S RECEPTION

CHINA AND TRANSFER

WATER SYSTEM WHERE WATER TRANSFERRED ALONG THREE MAJOR

RECEIVED WILL BE ROUTES ΤΟ THE WESTERN, EASTERN PARTS OF THE TERRITORY.

CENTRAL AND

PIPELINES THAT

THE CENTRAL ROUTE IS MADE UP OF LARGE DIAMETER RUN FROM MUK WU TO TAI PO TAU, VIA SHEUNG SHUI AND FANLING.

THE CONTRACT INCLUDES THE SUPPLY AND LAYING OF 14.5 OF STEEL PIPELINES, WHICH ARE WITH DIAMETERS OF 2. FOR THE ROUTE.

2

AND

KILOMETRES 2.4 METRES,

THE PIPELINES