TNAG-1727-FCO40-2440-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 296

AS for

accepting securities

mortgage guarantees,

the Bill crables

for loans and

it allows the Housing Authority in

1

1988-89 to give loans

to give loans to about 2500 households. The loan

to each family

family is

is $70,000 and the grand total would be

сам

л

$175 million. But as the unit will be mortgaged, the

financial burden is not really that great to each

household. The existing section 12 provides that, if

approved, individual household can mortgage the unit.

However, if the Government owns the Housing Authority

totally, then when the loan is approved and the unit is

mortgaged, the financial burden will have to be borne and

guaranteed by the Government.

The fourth point I would like to talk about is

the question of chairmanship. Before the passing of the

Bill, Government announced that Sir David AKERS-JONES,

had been appointed as

former Chief Secretary Chairman designate, And this would

passage

wilt come into effect after the passing of the Bill. I

feel that in future, if we do have such appointment, could

erest Legislative Councillors be appointed so that the

communication between the two can be enhanced?

In this way,

the Housing Authority, in implementing its

accountable & this Commeil. policies, will be more effective and this will also

enhance its accountability.

Sir, I support the motion.