TNAG-0806-FCO40-1011-Policy-of-Government-of-Hong-Kong-on-land-in-the-New-Territo-1979 — Page 154

(1) Build-up of

letters A/B commitments (Note 1)

ENCLOSURE 9

Projection on outstanding commitments on the basis of 50% of exchange options taken up

(All units in million square feet)

77/78 78/79 79/80 80/81 81/82 82/83 83/84 84/85 85/86 86/87

30.000 32.500 35.000 37.500 40.000 42.500 45.000 47.500 50.000 52.500

Total

(2) Land production

(Note 2)

Residential

Industrial

Residential

3.200 4.200 5.200 5.800 5.200 6.000 6.000 6.000

1.920 2.520

6.000

1.280 1.680

(3) Land available

for letters A/B

Industrial

exchange

(Note 3)

Total

Cumulative

total

3.120 3.480 3.120 3.600 3.600 3.600

2.080 2.320 2.080 2.400 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

3.600

(4) Amount of letters

Annual total

4.880

6.405 7.930 8.845 7.930 9.150 9.150 9.150 9.150

A/B that can be disposed of

(Note 4)

Cumulative total

4.880 11.285 19.215

28.060 35.990 45.140 52.290 63.440 72.590

(5) Outstanding letters

A/B commitments

Cumulative total

30.000 27.620 23.715

18.285 11.940 6.510

*

*

*

(Note 5)

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 50% of exchange options taken up under the proposed package (Paragraph 5.1.2), would be 2.5 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 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.

Note 4

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.

Note 5 The figures in the fifth row are the differences between the figures in the first and

fourth rovs.

*

No outstanding letters A/B commitments in these years as there will be more than enough land to meet letters A/B commitments.