G.S. 84
RESTRICTED
XCRI(78)3
5
(a)
(b)
Because:
-
ลง
2
-
building plans covering maximum development of the lot have already been approved and cons- truction is far advanced and will not in any way be affected by the resumption; and
the value of the development will not be significantly affected by the loss of the small strip to be resumed,
it is clear that a simple pro rata division of the overall land costs (as set out in paragraph 4 above) does not represent the value of the land resumed in the terms of the Ordinance. As stated im memorandum XCR(77)312, the Secretary for the New Territories proposes compen- sation of $12, 825 which is equal to $5 psf, a figure which it is considered will adequately reflect the value of the land to be resumed at the time of reversion.
23rd January 1978
(ENV 95/77/01)
COUNCIL CHAMBER
RESTRICTED