A Flood of Capital for Building Reconstruction Hongkong, June 15.
The Legislative Council has passed the third reading of the Bill extending the Rent Control Ordinance with amendments for another year.
An unofficial amendment with a view to protecting tenants from eviction through landlords rebuilding houses was defeated.
The Colonial- Secretary stated that the unrest in China had poured a flood of capital into Hongkong, much of which was being used by private enterprise to do the work of reconstruction of large areas, which should have been done years ago.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.