XM (85) 2
14
XA5
IMPLEMENTATION OF ANNEX III TO THE DRAFT AGREEMENT - MEMORANDUM XCX (85)1
With regard
Members noted that,
confidence, it was
to
to paragraph 5 of the memorandum,
from the point of view of business
important that the Bill should be
published as soon as possible. The Governor said that
the Bil1 would need to be explained to, and cleared
with, the Chinese before publication.
2.
The Attorney General pointed out that
paragraphs 17 and 42 (d) did not cover land leases
decided on, rather than granted, before entry into force
of the Agreement. Mr J.R. Todd confirmed that such
leases could be covered and that there was no problem of
definition: auction sales were considered decided on at
the fall of the hammer; tender sales on award of the
tender; and modifications
and grants on acceptance of
terms.
(Mr Q.W. Lee left the meeting at this point.)
3.
The Attorney General was of the opinion that
the proposals at paragraphs 19 and 20 in respect of
leases for special purposes and royalty leases, although
sensible, were contrary to paragraph 3 of Annex III to
the Agreement. The provisions on rent applied to all
leases and the Land Commission had no right or power to