TNAG-1611-FCO40-2214-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1987 — Page 89

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3

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Alfected landlords and tenants

Thirdly, for landlords an owner who affected for tenants

Effered

who had to be rehoused elsewhere, there should be more than one

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alternative for them to choose from, say, for instance: cash

compensation, short-term accommodation provisions, flat for

and so on.

flat exchangesets. The solution to each problem may be different

but they all must be fair and reasonable. If persons affected

are not satisfied about any one of the arrangement suggested, they

(Consolidation) enant O

will then be protected by the Landlord and Tenant Ordinance and the

Crown Lands Resumption Ordinance.

principles

Thirdly, the Bill suggests that the LDC should undertake

urban redevelopment according to commercial principals and that

the LDC can regularly co-operate with private enterprises. What

This is

A

do you asking for as mutual assistance and not exceptional market

competition. there should be a loss incurred by the LDC

=

should be taken up by the Government.

in the other hand

If there should be a

Surplus then it should be turned into either capital or a development

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fund to be refinvested in other projects or to injected into

to expand its

XXX existing projects to expend that scope, or to undertakel

ove

projects which are not profitable.

Under commercial principles,

when the LDC operates, it should work towards the highest efficiency

and of course there should be more flexibility when it deals with

matters affecting the interests of other people. A necessary-

constrain should be done away with so that the LDC can fulfil

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its task.

become

Sir, the Land Development Corporation will be a landmark

in the progress of the society of Hong Kong and I support the motion

before Council.