34. Where sale conditions for industrial lots give the option of paying the premium by instalments, they also provide that purchasers electing to pay by instalments shall not be entitled to assign, underlet or otherwise dispose of the lot until the whole amount of the premium and interest has been paid. In some cases there is a further condition prohibiting sub-division of the lot and building without the consent of the Director of Public Works. Having regard to the prevailing circumstances, the Government decided to allow subletting of these industrial buildings or parts thereof without prior payment of the outstanding premium and interest, on certain terms and conditions set out in an announcement made in February 1967. Provided that where an anti-split condition exists the Director of Public Works has given his prior consent, permission to sublet will on application be given by way of modification of the sale conditions providing for one or other of two alternatives specified in the announcement, the second of which, allowing subletting of the whole building, is available only to owners holding under Conditions of Grant or Sale dated prior to 3rd January 1967. Subject to certain terms and conditions set out in an announce- ment made on 18th July 1968, holders of industrial lots who acquired the lots prior to 3rd January 1967 and who for financial and other reasons have been unable to develop their lots will also, on application within two years from the date of the announcement, be allowed to assign their lots once before fulfilment of the building covenant and without the need to pay the outstanding balance of premium before assignment.
35. The number of private treaty grants during the year dropped to thirty. The purposes for which these thirty grants were made were as follows:
Schools ...
...
...
Civil Servants' Co-operative Building Schemes Grants in lieu of cash compensation for land resumed Public Utilities ...
Hong Kong Housing Society
Welfare and Training Centre...
...
+
:
15
5
4
4
...
1
1
30
36. Applications may be made for the regrant of land held under a non-renewable 75-year lease any time within 20 years from the date of expiry of the term, but applications for regrant are not usually made
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