3.1.7
14
Any offer of cash compensation or exchange
rights must be the same for land acquired
at a given time in any New Territories urban
layout The original view of the Heung Yee
Kuk members of the Working Group was that
cash compensation rates in each urban
layout should reflect the different values
obtaining in each area. This is a logical
starting point for any system of payments
relating to land, and indeed in any system
involving statutory arbitration of compen-
sation claims, would be essential to its
success. But the Working Group recognised
that its recommendations must be seen
against the background of a system which
for the last ten years had made no provision
for different rates or treatment between
different urban layouts and that differential
treatment involved the acceptance by some of
lower rates as well as higher. In particular,
it was considered that the option for an exchange
would have to be capable of being exercised in
any urban layout, because the rate of production
of new building land suitable for exchanges
would differ between urban layouts, which,
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