XN000022-1994-07-21 — Page 9

- 8

-

THURSDAY, JULY 21, 1994

THESE INCLUDE PRE-REGISTRATION OF BIDDERS, THE NEED FOR SETTING A RESERVE PRICE, THE SIZE OF LOTS FOR AUCTION, THE TIMING OF AUCTIONS AND THE ROLE OF AUCTIONS AS AGAINST OTHER FORMS OF LAND DISPOSAL METHOD SUCH AS TENDER.

THE PANEL EXPECTS TO COMPLETE ITS WORK IN AUGUST.

THE

THE HONG ADVISORY

DIRECTOR OF

THREE PANEL MEMBERS ARE PROFESSOR CK LEUNG, KONG INSTITUTE OF EDUCATION AND CHAIRMAN OF THE TRANSPORT COMMITTEE: MS AUDREY EU, QUEEN'S COUNSEL AND MEMBER OF THE HOUSING AUTHORITY, THE CONSUMER COUNCIL AND THE LAND AND BUILDING ADVISORY COMMITTEE; AND MR CN BROOKE, CHARTERED SURVEYOR, AND MEMBER OF THE HOUSING AUTHORITY AND THE TOWN PLANNING BOARD.

INTERIM RECOMMENDATIONS ON LAND AUCTION ACCEPTED

*

THE INTERIM RECOMMENDATIONS BY THE THREE-MEMBER PANEL SET UP TO REVIEW LAND AUCTION ARRANGEMENTS HAVE BEEN ACCEPTED BY THE GOVERNMENT, THE SECRETARY FOR PLANNING, ENVIRONMENT AND LANDS, MR TONY EASON, SAID TODAY (THURSDAY).

THE RECOMMENDATIONS RELATING TO THE POWER OF THE SEATING ARRANGEMENTS AND MOVEMENT ABOUT THE AUCTION HALL PROCEEDINGS WOULD BE INTRODUCED IN THE FORTHCOMING LAND NEXT TUESDAY (JULY 26), MR EASON SAID.

AUCTIONEER, DURING THE AUCTION ON

AS RECOMMENDED BY THE REVIEW PANEL, THESE RECOMMENDATIONS WOULD BE EMBODIED IN A SET OF GUIDELINES ON THE CONDUCT OF LAND AUCTIONS ΤΟ BE ADOPTED FOR THE NEXT LAND AUCTION, HE SAID.

OF

MR EASON SAID THE PANEL WOULD CONTINUE TO REVIEW OTHER ASPECTS LAND AUCTION ARRANGEMENTS, INCLUDING PRE-REGISTRATION OF BIDDERS, THE

NEED FOR SETTING A RESERVE PRICE, THE SIZE OF LOTS FOR AUCTION, THE TIMING OF AUCTIONS AND THE ROLE OF AUCTIONS AS AGAINST OTHER FORMS OF LAND DISPOSAL METHOD SUCH AS TENDER.

THE PANEL EXPECTS TO COMPLETE THE WHOLE REVIEW IN AUGUST.

HE THANKED MEMBERS OF THE PANEL FOR THEIR HARD WORK IN WORKING OUT THE INTERIM RECOMMENDATIONS WITHIN SUCH A SHORT TIME.

ADVISORY

THE THREE MEMBERS ARE PROFESSOR CK LEUNG, DIRECTOR OF THE HONG INSTITUTE OF EDUCATION AND CHAIRMAN OF THE TRANSPORT

MS AUDREY EU, QUEEN'S COUNSEL AND MEMBER OF THE THE CONSUMER COUNCIL AND THE LAND AND BUILDING AND MR CN BROOKE, CHARTERED SURVEYOR, AND MEMBER

KONG

COMMITTEE; AUTHORITY,

COMMITTEE,

HOUSING AUTHORITY AND THE TOWN PLANNING BOARD.

HOUSING ADVISORY OF THE

19