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not forget that the government has given and will continue to provide large subsidies, both in terms of land and capital, to public housing. It is unreasonable, from the accounting point of view, to take account only of the income of the Housing Authority
without having due regard to the amount of government subsidy. Some people are concerned about how the future surplus will be put to use. In fact, it is too early to bother ourselves with this question as it is still unknown whether there will be a surplus or not. But one thing for sure is that our government is expected to provide a subsidy of about $60 billion in the aggregate, both in land and capital, to the Housing Authority in the coming 12 or 13 years. Even if surpluses do occur one day, I think the government should be entitled to determine how part of the surpluses is to be used. Owing to constraints in resources, it is necessary for our government to allocate resources not only to meet housing demands, but also other needs in different
sectors of the community.
The government's announcement of the appointment of Sir David Akers-Jones as the first non-public-officer Chairman of the Housing Authority has triggered off some criticism. I believe that any judgement on the wisdom of such an appointment at this stage is premature as Sir David has not yet assumed office. Viewing from another angle, with his many years of valuable experience in the civil service and his past involvement in the various committees of the Housing Authority, Sir David will surely be able to render useful service in guiding the Housing
Authority.
When we debated the Lon
Long Term Housing Strategy last
The Housing
July, many members supported the new policy.
(Amendment) Bill 1988 is designed to ensure effective
implementation of the Long Term Housing Strategy. I therefore
support the passage of the bill.
No comments yet.
Private notes are available after approval.