M(88) 37
CONFIDENTIAL
462
The Council ADVISED and the Governor ORDERED :
(a) that a further
three-month
extension of the period
within which the purchaser is
required to complete and
bring into operation a
hospital on the lot should be
granted free of premium.
This is to enable the grantee
either to start development
of a hospital or
or dispose of
the lot for that purpose,
subject to paragraph 12 of
the memorandum with the
proviso that in sub-paragraph
(b), the extension be granted
free of premium for three
months
sub-paragraph
only
and
in
(c),
that
appropriate
further
extensions
should be granted
at premia to be calculated at
the start of the three-month
free extension,
satisfactory
subject to
implementation
of an agreed programme;
CONFIDENTIAL