XN000022-1993-06-09 — Page 25

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WEDNESDAY, JUNE 9, 1993

LAND PRODUCTION IS NOT A SIMPLE MATTER. IT INVOLVES A GREAT DEAL OF DETAILED PLANNING AND THE CO-ORDINATION OF RELATED INFRA- STRUCTURAL DEVELOPMENT THROUGH THE PUBLIC WORKS PROGRAMME. THE LEAD TIMES ARE UNAVOIDABLY LONG. AS WELL AS HOUSING, OTHER COMPLEMENTARY FACILITIES HAVE TO BE PLANNED TO PRODUCE THE RIGHT MIX AND BALANCE AT THE RIGHT TIME. ACCORDING TO PAST STATISTICS, MORE THAN 20% OF THE TOTAL LAND REQUIREMENT EACH YEAR GOES TO MEET THE PURPOSES FOR EDUCATION, WELFARE, RECREATION, PUBLIC UTILITIES AND OTHER INFRASTRUCTURAL USES.

LAND FOR INDUSTRIAL AND COMMERCIAL US ES ARE ALSO CRUCIAL TO THE ECONOMIC DEVELOPMENT AND THE EMPLOYMENT NEEDS OF HONG KONG, ACCOUNTING FOR ROUGHLY 10% OF THE TOTAL LAND GRANTED EACH YEAR. WHILE WE MAY NOT BE ABLE TO CLAIM PERFECTION, WE DO HAVE A SYSTEM WHICH BY AND LARGE WORKS WELL, IS FLEXIBLE AND DELIVERS THE GOODS.

MR PRESIDENT, URGING THE HONG KONG GOVERNMENT TO PRODUCE LAND IS LIKE URGING THE TIDE TO EBB AND FLOW. URGING IT TO PRODUCE LAND FOR AND ENSURE THE PRODUCTION OF AMPLE SUPPLIES OF HOUSING IS LIKE URGING THE SUN TO RISE AND SET, AS WITH THE MOTION ON THE MANAGEMENT OF HOUSING ESTATES LAST WEEK, SINCE URGING THAT WHAT IS ALREADY REQUIRED AND IS ALREADY BEING DONE IN AMPLE MEASURE SHOULD BE DONE IS UNNECESSARY, THE OFFICIAL MEMBERS WILL NOT SUPPORT THE MOTION.

THANK YOU.

MORE MONEY INJECTED TO LOTTERIES FUND

* * * *

THE

THE MARK SIX LOTTERY PROCEEDS WILL BE REALLOCATED LOTTERIES FUND ADDITIONAL INCOME FOR SOCIAL

SERVICES, THE SECRETARY FOR THE TREASURY,

REHABILITATION TSANG, SAID TODAY (WEDNESDAY).

ΤΟ PROVIDE WELFARE AND MR DONALD

IN THE

MOVING A MOTION UNDER THE BETTING DUTY ORDINANCE LEGISLATIVE COUNCIL, MR TSANG SAID THE ROYAL HONG KONG JOCKEY CLUB HAD PROPOSED TO REDUCE ITS SHARE OF THE LOTTERY PROCEEDS FROM 7.5 PER CENT TO SIX PER CENT IN FAVOUR OF THE LOTTERIES FUND.

LIGHT

"THE GOVERNMENT HAS EXAMINED THE CLUB'S PROPOSAL IN THE OF THE INCREASE IN LOTTERY TURNOVER AND THE INCREASE IN ITS COSTS SINCE 1987, WHEN THE CURRENT RATE OF 7.5 PER CENT WAS FIXED," MR OPERATING TSANG SAID.

BETWEEN 1987 AND 1992, LOTTERY PROCEEDS AND THE INCREASED BY 129 PER CENT AND 84 PER CENT RESPECTIVELY.

CLUB'S COSTS

"ON THIS BASIS, THE PROPOSED SIX PER CENT SHARE OF THE PROCEEDS WILL BE BROADLY COMMENSURATE WITH THE CLUB'S CURRENT OPERATING COSTS.

**

SHARE

ON APRIL 6, THE GOVERNOR IN COUNCIL DECIDED THAT OF THE PROCEEDS SHOULD BE REDUCED BY 1.5 PER CENT FROM 7.5 CENT TO SIX PER CENT AND THAT 1.5 PER CENT SHOULD BE CREDITED TO LOTTERIES FUND'S SHARE, THAT IS RAISING IT FROM 3.5 PER CENT TO

THE

CLUB'S

PER

THE

FIVE

PER CENT.

AT PRESENT,