XN000022-1994-03-30 — Page 49

16

WEDNESDAY, MARCH 30,

1994

WAI

MAKE

"IT WILL LOOK AT POSSIBLE DEVELOPABLE SITES E.G. TIN SHUI LAND BANK AS WELL AS OTHER AREAS, THE INFRASTRUCTURE REQUIRED TO

COST OF PROVIDING SUCH THESE SITES SUITABLE FOR DEVELOPMENT AND INFRASTRUCTURE.

"THE TASK FORCE WILL ALSO INVITE THE PRIVATE SECTOR TO SUBMIT BEEN PROPOSALS THEY WISH TO PURSUE ON LAND HELD BY THEM BUT HAVE NOT ABLE TO IMPLEMENT DUE TO LACK OF INFRASTRUCTURE.

FORCE.

"THESE PROPOSALS WILL THEN BE SCRUTINISED BY THE TASK

TYPE AND THE QUANTITY INCLUDE ISSUES FOR CONSIDERATION ACCOMMODATION TO BE MADE AVAILABLE, TIMING, THE CAPITAL AND COSTS OF THE INFRASTRUCTURE REQUIRED," HE SAID.

MR MAK SAID THE GOVERNMENT WOULD ALSO BE LOOKING AT EXPEDITE THE PRODUCTION OF PUBLIC HOUSING.

OF

RECURRENT

WAYS TO

THE

"IN THE NEXT FEW WEEKS, WE SHALL BE TAKING THIS UP WITH

AND THE LAND DEVELOPMENT THE HOUSING SOCIETY AUTHORITY,

HOUSING CORPORATION,

"

HE SAID THE GOVERNMENT WOULD ALSO BE LOOKING AT WAYS TO SPEED WHICH UP REDEVELOPMENT THROUGH LAND EXCHANGES AND LEASE MODIFICATIONS WAS AN IMPORTANT SOURCE OF LAND SUPPLY.

"TO ENSURE SPEEDY REDEVELOPMENT, WE WILL CONSIDER INCLUDING A BUILDING COVENANT THAT SETS A TIME LIMIT ON THE CONSTRUCTION PERIOD AS A CONDITION OF A LAND EXCHANGE OR LEASE MODIFICATION. SUCH IS ALREADY AVAILABLE IN THE SALE OF NEW LAND.

CONDITION

HOW THE EXISTING

"IN ADDITION, WE WOULD ALSO NEED TO SEF CONSENT SCHEME CAN BE IMPROVED TO DISCOURAGE SPECULATION,

0

HE SAID.

GOVT PROMOTES FAIR COMPETITION AND CONSUMER PROTECTION

THE

OF CONSUMER PROMOTION OF COMPETITION AND THE ENHANCEMENT

THE FORMULATION OF PROTECTION WILL CONTINUE TO PLAY A KEY ROLE IN

MR T H GOVERNMENT

THE SECRETARY FOR TRADE AND INDUSTRY, POLICIES, CHAU, SAID TODAY (WEDNESDAY).

OF THE LEGISLATIVE то RESPONDING

VIEWS OF THE MEMBERS THE

WITH THE COUNCIL IN THE RESUMED DEBATE ON THE BUDGET, MR CHAU SAID

ITS EFFORTS ΤΟ HELP OF THE COUNCIL, THE GOVERNMENT WOULD CONTINUE ENSURE A LEVEL PLAYING FIELD FOR CONSUMERS AND PRODUCERS ALIKE.

THE

ADDITIONAL THAT

FUNDS HAD BEEN MADE NOTED SECRETARY

WITH ITS AVAILABLE TO THE CONSUMER COUNCIL TO ENABLE IT TO CONTINUE

MAJOR IN

BUSINESS SECTORS STUDIES ON THE

OF COMPETITION STATE AFFECTING THE DAILY LIFE OF THE GENERAL. PUBLIC.

THESE

SECTORS INCLUDE

BANKING

SERVICES, SUPERMARKETS, BROADCASTING, TELECOMMUNICATIONS AND GAS SUPPLY, MR CHAU SAID.

/THE FIRST