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Wednesday, May 10, 1972
He continued: "I think we should all know the sort of sums we
are talking about, and the effect on revenue, any modicication that has
been suggested and that Government in their wisdom may introduce, would
have on forward revenue projections and financial planning."
Mr. Salmon brought up a point of detail on a Government leaflet
concerning those cases where a new Crown lease, for one reason or another,
could only be issued by the Colonial Treasurer Incorporated in respect of
a property held in co-ownership by a number of owners.
There is an actual case, I am informed, of a block of 650 flats,
and if just one of these 650 owners is absent or for some reason cannot
formally apply for 'Legal Option Renewal', then all are dealt with by
Colonial Treasurer Incorporated.
"But I see there will be an administrative fee of no less than
and this does seem too heavy for people
$1,000 for each assignment
who really cannot afford $1,000," he said.
Mr. Salmon hopes this flat fee will be reconsidered.
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