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"We will reflect the views of the Legislative Council to the LAB and we intend to consult the LAB on the way forward as soon as possible," the spokesman said.
"The Administration acted in accordance with the Standing Orders of the Legislative Council, which provide that the member moving a Bill may withdraw the Bill at any time before the commencement of each stage in the proceeding," the spokesman explained.
End/Wednesday, December 14, 1994
Lot sold for $170 million
A lot of Government land was sold at the opening price of $170 million at a public auction held by the Lands Department this (Wednesday) afternoon.
Located in Area 26, Kwai Chung, the lot was bought by Gay Sierra Company Limited. It has an area of 6,242 square metres for use as godown and public car park.
The developer has to complete a gross floor area of not less than 35,580 square metres on or before December 31, 1997.
Another lot, covering an area of 8,431 square metres for residential use in Town Park Road North, Yuen Long, was withdrawn because no bidding was made for the opening price of $380 million.
Held in the Concert Hall of the City Hall, the auction was conducted by the Government Land Agent, Mr Francis H K NG.
End/Wednesday, December 14, 1994
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