XCC (87) 51
13
The Postmaster
General has
Page
4
to the
no objection transfers on telecommunications grounds and the Secretary for Lands and Works has no objection on land policy grounds.
>
14
In accordance with paragraph 10 of Annex C, the consent sought in this proposal is restricted to the two properties for which there are specific development plans.
Financial and staffing implications
15
The proposal in paragraph 12 contains no financial or staffing implications. A premium for lease modification of the West Exchange will be payable by Telco Properties Ltd.
Public reaction
16
Little or no public reaction is expected.
Publicity
17
Since the proposals in this memorandum do not represent a departure from existing Government policy
policy with respect to Telco, we do not intend to publicise the matter.
Advice sought
18
Members are asked to advise whether, under section 35 of the Telephone Ordinance, written consent be given to Telco to transfer ownership of
ownership of the East and West exchanges to Telco Properties Ltd., under the conditions set out in paragraph 10 of Annex C to the memorandum.
(The Assistant Postmaster General (Telecommunications), Mr F.H. WISE, the Principal Assistant Secretary (Economic Services), Mrs E. MOK, the Principal Assistant Secretary (Economic Services), Mr Peter WINDER, Crown Counsel Mr S.C. TISDALL, and Government Land Agent (Estate Management), Mr R.D. POPE, will
will attend before the Council for discussion of this item.)
13 March 1987
(L/M CR 7/1026/75 V)
COUNCIL CHAMBER