6
is paid under subsection (2), then the sum
so paid shall be a debt due to that person
from the owner of the tenement and shall be
recoverable as such from any rent or other
moneys for the time being due by that person
to the owner.
(4) In this section "owner" in relation
to a tenement means the person whose name
is registered in the Land Office as that of
the owner of the tenement or of any un-
divided share or other interest therein,
and any person deriving title from such
person by virtue of an underletting or
otherwise.".
Explanatory Memorandum
The object of this Bill is to clarify the
meaning of section 9 of the principal Ordinance by making
it clear that in determining the new Crown rent of a lot
or section held under a new Crown lease granted under the
principal Ordinance, which is 3 per cent of the rateable
value at the relevant day, within the meaning of the
Ordinance
(a) interim valuations of tenements comprised in
the lot or section are to be substituted for
existing rateable values or previous interim
valuations of those tenements, and added to the
rateable value of the lot or section where there
are no such existing values or previous valuations
(the new subsection (3) in clause 2(b) effects
this); and