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8. SUMMARY OF CONCLUSIONS AND RECOMMENDATIONS
8.1
The existing system probably was fair and
acceptable, but circumstances have changed in that :
8.1.1 The exchange ratio of agricultural land
of 5:2 no longer reflects the proportion
of new layout areas required for public
uses. (Paragraph 2.1)
8.1.2 The present intensive development of
the new towns simultaneously in support
of the public housing programme is pro-
ducing commitments to provide building
land much faster than the new land can
8.1.3
8.1.4
be produced, even given that a reasonable
waiting period must be expected.
(Paragraph 2.2).
The tender system tends to encourage the
reservation of the oldest Letter B for
tendering for the best sites in the urban
layouts. (Paragraph 2.4)
The cash compensation rate is related to
expectations under the exchange system and
there is no system of review; both the
current rate and the system for its review
should be related to land values and their
movement. (Paragraph 3.1.5)
1,
/8.1.5