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Commenting on the amount of land handed back to the Hong Kong Government by the Armed Services the Financial Secretary said: "As a result of the 1966 negotiations we got back 160 acres of land to the value of £15 million (including, for example, Whitfield Barracks) and this figure of £15 million is to be compared with the £20 million we paid over the four years of the previous period. I cannot say with complete certitude how much land we shall get back as 3 result of the capital works programme planned under this new agreement but it appears likely that the Services will, in due course, be able to release some 520 acres at Lyemun, in the New Territories and along Chatham Road and Argyle Street. It is very difficult to estimate how much this land might be worth to us in either financial or social terms, but it will represent a very considerable offset against what we shall be paying out".
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