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Wednesday, June 6, 1973
This had been necessary, he explained, because advance notice in
this case "might have caused some of our more rapacious landlords to take
steps to squeeze out their existing tenants or greatly increase their rents
in advance of the standstill freeze,"
As it was,
the people who would lose out more than others because
of the legislation would be landlords of controlled premises.
Mr. Woo blamed the shortage of land as the cause for all. Hong Kong's misfortunes in the sphere of rental values and reiterated that it was essential
for the government "to give the utmost priority to further land sales and to making available large tracts of land for private development."
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