W(B)L 51-7406
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month. It is constituted ex officio by
the members of the Hong Kong Urban Council
plus one nominated unofficial and the
Commissioner for Housing.
It is financed
by Government loans at low interest rates
which,being retained by the authority,
constitute a form of revolving fund; some
degree of self-financing is, therefore,
possible and, as the surplus derived from
rental income increases, the Authority's own
resources will become progressively larger.
6. By the end of March 1969 the Authority
had housed 167,405 persons and when all the
Estates now being planned are completed the
Authority will have housed /218,595 people.
The Authority also manages Government-
built low-cost housing estates, of which
seven had been completed/ and three partially
completed at the end of 1969, providing
accommodation for 160,771 people. Another
five projects are under development and by
the time the balance 8 estates are
balance
completed, about 430,000 people will be
housed in the 15 estates.
The Urban Council
7. The Urban Council is responsible for the
planned removal and resettlement of squatters
and is responsible for the administration
of the Government-built resettlement estates
in the urban area.
Through the Housing
Authority it has a stake in the provision of
low-cost housing.
The Cottage Areas
Cottage
8. The first cottage areas were established
in 1948 for squatters in central areas who
were offered sites in more outlying districts
which, it was then thought, would not be
required for other development in the
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