TNAG-0806-FCO40-1011-Policy-of-Government-of-Hong-Kong-on-land-in-the-New-Territo-1979 — Page 153

(1) Build-up of

letters A/B

commitments (Note 1)

ENCLOSURE

Projection on outstanding commitments on the basis of all exchange options taken up

(All units in million square feet)

77/78 78/79 79/80 80/81 81/82

30.000 35.000 40.000 45.000 50.000

82/83 83/84 84/85 85/86 86/87

55.000 [60.000 | 65.000 70.000 75.000

Total

3.200

(2) Land Production

(Note 2)

Residential

Industrial

Residential

(3) Land available

for letters

A/B exchange

(Note 3)

Industrial

Total

Cumulative total

4.200 5.200 5.800 5.200 6.000 6.000 6.000 6.000

1.920 2.520 3.120 3.480 3.120 3.600 3.600 3.600 3.600

1.280 1.680

2.080 2.320 2.080 2.400 2.400 2.400

1.440 1.890 2.340 2.610 2.340 2.700 2.700 2.700 2.700

0.512 0.672 0.832 0.928 0.832 0.960 0.960 0.960 0.960

1.952 2.562 3.172 3.538 3.172 3.660 3.660 3.660 3.660

1.952 4.514 7.686 11.224 14.396 18.056 21.716 25.376 29.036

2.400

(4) Amount of letters

Annual total

4.880

A/B that can be disposed of

(Note 4)

Cumulative total

6.405 7.930 8.845 7.930 9.150 9.150 9.150 9.150

4.880 11.285 19.215 28.060 35.990 45.140 54.290 63.440 72.590

A/B commitments

Cumulative total

30.000

30.120 28.715 25.785

21.940 19,010 14.860 10.710 6.560 2.410

Note Si

(5) Outstanding letters

Note 1 It is estimated that as of 31st March 1978, there is an outstanding commitment of 30 million

square feet of letter B. It is assumed that the rate of build up of this commitment, on the basis of 10 million square feet of agricultural land to be resumed annually and all exchange options taken up under the proposed package (Paragraph 5.1.2), would be 5 million square feet per annum.

Note 2: It is assumed that 60% of the land produced for disposal is residential land and that 40% is

industrial land.

Note 3

:

Note 4

Note 5

It is assumed that 75% of the residential land available for disposal is used for letters A/B exchange and that 40% of the industrial land available for disposal is used for the same purpose.

: As 2.5 square feet of letter B commitment can be disposed of by the availability of 1 square

foot of land for exchange, the figures in this row are arrived at by multiplying the corresponding figures in the third row by 2.5.

The figures in the fifth row are the differences between the figures in the first and fourth rows.