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Understandably, the progress of these
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negotiations has aroused considerable public interest and much anxiety lest the agreement should place on Hong Kong financial burdens which we should find it difficult to carry.
And when we are trying to assess the reason- ableness of the agreement, we should not overlook the areas of very valuable land which are to be returned to the Government. These will become available for redevelopment and will be of great benefit to the community, both financially and in terms of the amenities which they will
made available.
Of course, the agreement is not as favourable to Hong Kong as we would have liked. Such agreements are seldom wholly satisfactory to either of the parties to them. Nevertheless the vital factor is that it guarantees that we shall continue to have an effective British garrison of the highest quality.
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LARGE AREAS OF LAND TO BE RETURNED TO
HONG KONG GOVERNMENT
Seven valuable areas of land, including Victoria Barracks and R.A.F. Kai Tak, will be returned to the Hong Kong Government over the next four years under the new defence costs agreement announced today. The first land will be handed back before the end of next April.
The sites to be returned are Dodwell's Ridge Camp (10 acres), Sai Kung Camp (24 acres), Sham Shui Po Camp (33 acres), two camps in Argyle Street (13.6 acres), R.A.F. Kai Tak (about 120 acres) and Victoria Barracks (43.4 acres).
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