Inland Lots, and 122 Kwun Tong Inland Lots. The increased number of lots was due partly to new sales, partly to the splitting of large lots into smaller lots.
65. The number of lots on the Village Rent Roll continued to dwindle slowly, the total of 1,300 being one less than last year. The remaining lots produce only $1,015 per annum, most of the rents being less than $1. In order to reduce the cost of collection, Demand Notes for rents of less than $5 per annum are now issued every five years instead of annually. The last five-yearly collection was for the five years ending 30th September 1964.
66. The Crown rents of 214 sections of lots were determined under the Crown Rents (Apportionment) Ordinance. Applications under this Ordinance may be made either by the owner of the Remaining Portion of a lot, in which case the rents of all the sections are determined, or by a section owner, in which case the rent of his section only is determined, the rent of the remainder of the lot being reduced correspondingly. Upon determination of the rent of a section the owner is deemed to hold the section as if a separate Crown lease for it had been granted to him at the determined rent.
Fees
67. Owing to the record number of instruments registered the total Land Office fees collected during the year also reached a new record figure, namely $1,588,023, made up as follows:
Deeds registration and Miscellaneous
Crown leases
Apportionment of Crown rents
Consents to sale of units in uncompleted multi-storey
buildings
$1,430,781
35,387
2,355
119,500
$1,588,023
PART III
Companies Registration
COMPANIES REGISTRY
68. The Companies Ordinance is based on the Companies Act 1929, formerly in force in Great Britain but now replaced by the Companies Act 1948. Part I of Table XVII lists the various Ordinances and sub- ordinate legislation now in force in the Colony relating to Companies.
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