Thursday, March 16, 1972
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Mr. Lee said the logical approach would be to charge a smaller
percentage, say 24 per cent to five per cent rates on vacant premises
and the full 15 per cent payable only when they were occupied.
He added that a grace period should be given to premises newly
completed, say six months from the date of occupation permit and to
premises that have been let three months from the date of their being
vacant.
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