TNAG-0806-FCO40-1011-Policy-of-Government-of-Hong-Kong-on-land-in-the-New-Territo-1979 — Page 152

3

6.

Te average land value for this peric

weighted

in accordance with the acreages shown in paragraph 4 would

be

$225 x 600 + 370 x 600 + 275 x 450 + 255 x 150 + 40 x 150

+100 x 60+ 130 x 320 + 435 x 320 + 315 x 250

225 + 370 + 275 + 265 + 40 + 100+ 130 + 435 + 315

= $367.50

7.

Assuming that this average value will be used

as the base, the index will be 100.

8.

If, say, the Chart W values would have been revised in some future period to the following

Sha Tin Tsuen Wan Tuen Mun

Commercial/Residential and

Residential Zone i

.700

750

500

Residential Zone 2, 3 and 4

150

150

60

Industrial

350

400

300

the average land value for this period would be –

$ 225 x 700 + 375 x 750 + 275 x 500 + 265 x 150 + 40 x 150

+100 x 60 + 130 x 350 + 435 x 400 + 315 x 300

225 + 370 + 275 * 265 + 40 + 150 + 130 + 435 * 319

= $437.10

9.

The index for this period would be: 100 x

437.10

367.50

=119

: