Swire Pacific has called on the Government to ease the paperwork involved in land supply in the territory, arguing that the growing bureaucracy is making life difficult for property developers. Chairman Peter Sutch said the build-up of agencies and government departments involved in releasing land for development was slowing land supply and adding to price volatility. He said: 'What we would like to see is some of the paperwork involved in development and redevelopment simplified. 'A lot of Hong Kong's problems in terms of land supply could be resolved by cutting out a lot of the paperwork.' Mr Sutch said Swire had already addressed a number of government departments about what it considered was an excess of bureaucracy. 'I most definitely do not want to be critical of individual departments or individuals, but I feel that over the past 10 years or so, more complications have crept into the whole process of development than is actually necessary.' Mr Sutch said the shortage in supply was making it hard for companies like Swire to purchase enough reasonably-priced land for its future development needs. Swire has faced a barrage of criticism from financial analysts this year for not doing enough to replenish its land bank. The company's shares fell from a high of $75.75 in January, to as low as $56.75 in April, as the company's failure to address its land bank shortage attracted criticism. They are now trading at $65. Mr Sutch said Swire remained on the look-out for new land, and the company would attend this week's government land auction. He stressed, however, that Swire had managed to maintain a long period of growth through well judged purchases and it would remain essentially conservative. 'We will only pay a price that we consider will get a decent return for shareholders,' he said.