XN000022-1997-01-15 — Page 5

Daily Information Bulletin 新聞公報 All

- 4.

The bill also stipulates that the enhanced sentence passed for a specified drug offence must not exceed the maximum penalty permitted by law for that offence.

"The bill meets the public demand for express provision in our legislation for heavier sentences for this type of crime. However, it would not prejudice the existing rights of the defendant to present mitigating circumstances to the court.

"The Government is determined to deter adults from exploiting young persons in the commission of drug offences," Mrs Lo said.

End

Two lots sold for $488 million at land auction

Two land lots were sold for $488 million at a public auction held by the Lands Department this (Wednesday) afternoon.

Both sites were bought by Eton Properties Ltd.

The first lot, adjoining 12 South Bay Road, Repulse Bay, was sold for $230 million, with bidding opened at $135 million.

It has an area of about 2,008 square metres for private residential development.

The developer has to complete a gross floor area of not less than 700 square metres on or before March 31, 2000.

The second lot located in Area 48, So Kwun Wat, Tuen Mun, was sold for $258 million, with bidding opened at $130 million.

With an area of about 5,080 square metres, the lot is also earmarked for private residential development.

The developer has to complete a gross floor area of not less than 3,965 square metres on or before March 31, 2000.

Held in the Concert Hall of the Hong Kong Cultural Centre, Tsim Sha Tsui, the auction was conducted by Government Land Agent, Mr Francis Ng Hang-kwong.

End

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