31-JAN-1992 18:11
BRITISH TRADE COMM
P.02
2
1
T:
Bring into Operation: Clause 5(b).
Mr Hughes suggested that 48 He said that it
48 months should
be substituted for 36 in the penultimate line. was usual to enter a specific time here. certainly be ample time. Swire Properties concur.
User: Clause 7. This has been redrafted but still leaves the decision as to what constitutes "ancillary accommodation" to the Director. Is this acceptable? We understand that the reasoning behind this is that Building and Lands see it as their role to exercise some form of control given that the Grant, as put to the Executive Council, was quite specific on the use to which the land could be put.
Development Conditions: Clause 11(c). Your proposed amendment has not be incorporated. The reasoning here is that Building and Lands do not have discretion to go beyond the terms agreed by the Executive Council.
Alienation: Clause 13. Your suggested amendment has been accepted the wording is slightly different.
The
Resumption: Clause 14. Building and Lands seem determined to retain this Clause, with provision for 12 month's notice. reasoning here is that this Clause gives the Hong Kong Administration protection from paying compensation for land which was granted free of premium in the unlikely event that the land is recovered. It also offers protection to the grantee in that it specifies how compensation for any buildings on the site would be assessed. Mr Hughes pointed out that under the existing Crown Lands Resumption Ordinance the Hong Kong Administration can recover ownership of the land; the removal of this Clause would not alter that fact.
Parking Spaces: Clause 15. This has not been amended as suggested. Building and Lands do not think there will be any problem in agreeing to whatever number of parking places we later decide we will need for our operational purposes.
Vehicular Access: Clause 16(a). "and/or" has been substituted for "or". This will give scope to construct a second access point should we wish to do so at some future date.
Anchor maintenance: Clause 20. The revised amendment requires that the installations of anchors should have the prior approval of the Director. Swire Properties have no difficulty with this.
Every effort is made to ensure that the information given herein is accurate, but no legal responsibility is accepted for any errors, omissions or misleading statements in that information caused by negligence or otherwise and no responsibility is accepted in regard to the standing of any firms,