149. Kwun Tong. Development of lots sold in previous years proceeded rapidly during the year. Two lots were re-entered for non-fulfilment of the building covenant and steps have been taken to enforce development of other lots where non-fulfilment of the building covenants appears likely.
150. Details of the lots sold to date at Kwun Tong New Town are given below:
No. of Lots Sold Description Area in sq. ft. Amount of Premium realized To date 81 During 1959/60 2 Industrial (including excess and Extension area) 1,729,142 $23,096,108.24 1 Flatted Factory (including excess area) 55,148 578,488.03 1 Filling Station 4,000 48,000.00 4 Residential 20,500 506,800.00 3 Workers Housing (including excess area) 71,275 559,400.00 1 Commercial 7,800 124,800.00 3 Low Cost Housing 195,000 199,000.00 Electric Power Sub-station 12,400 148,800.00 Modification of Sale Conditions 183,600.00 97 2,095,265 $25,444,996.27** Note: In almost every cases purchasers of factory lots have opted to pay premium by instalments.
Total premium received 1956/57 $455,934.00 Total premium received 1957/58 2,511,791.64 Total premium received 1958/59 1,806,719.22 Total premium received 1959/60 2,709,697.07 Total amount received $7,484,141.93151. The Summary Offences (Licences & Fees) Regulations, 1959 were enacted during the year and established a new scale of fees for temporary occupation of Crown land which came into effect on the 1st September, 1959. In order to put the new scale into operation, old permits have been cancelled on their termination and a new form of permit issued. Apart from these re-issues few entirely new permits were issued and most of these are for public utilities, intakes, pipelines, and other minor encroachments.