Wednesday, April 25, 1973
Turning to the social aspect of the problem, he said: "The proposals
under the Bill must be another inflationary element in this situation and
could well create obstacles in any plans the Government may have to alleviate
the recent burden for which almost everyone in Hong Kong is suffering."
After the Unofficials had spoken, the Colonial Secretary, Sir Hugh
L
Norman-Walker, moved that the debate on the motion be adjourned.
He thanked the Unofficial Members for their advice and said that
clearly they were greatly concerned about the affect that the payment of
reassessed rent for renewal of expiring 75-year renewable leases would have
on small property owners.
17