FRIDAY, MAY 19, 1978
PROPOSED RECLAMATION FOR NEW POWER STATION ON LAMMA ISLAND
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THE GOVERNMENT PROPOSES TO GRANT AN AREA OF FORESHORE AND SEA BED AT PO LO TSUI, LAMMA ISLAND TO THE HONG KONG ELECTRIC COMPANY LTD. FOR THE PURPOSE OF RECLAMATION AND JETTIES FOR A NEW POWER STATION.
A NOTICE PUBLISHED IN THE GOVERNMENT GAZETTE TODAY SAID THE AREA INVOLVED MEASURES 58.9 HECTARES AND IS SITUATED AT THE NORTHWEST OF LAMMA ISLAND,
ANY PERSON HAVING OBJECTIONS TO THE PROPOSAL OR ANY CLAIMS OF PRIVATE PROPERTY WHICH MIGHT BE AFFECTED ARE ASKED TO SUBMIT SUCH OBJECTIONS OR CLAIMS IN WRITING TO THE DIRECTOR OF PUBLIC WORKS WITHIN TWO MONTHS FROM TODAY.
THE PLAN SHOWING THE AREA OF FORESHORE AND SEA BED INVOLVED MAY BE INSPECTED AT THE PORT WORKS DIVISION, 1ST FLOOR, MURRAY BUILDING, GARDEN ROAD OR THE DISTRICT OFFICE (ISLANDS) INTERNATIONAL BUILDING, CONNAUGHT ROAD, HONG KONG. THE NOTICE AND ITS RELATED PLAN CAN ALSO BE SEEN ON NOTICE BOARDS ERECTED NEAR THE SITE.
HOME OWNERSHIP FLAT BUYERS TO PAY NORMAL STAMP DUTY
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3UYERS OF HOME OWNERSHIP FLATS WILL BE REQUIRED TO PAY NORMAL STAMP DUTY ON THE ASSIGNMENT DEED, UNDER A BILL GAZETTED TODAY.
THE STAMP (AMENDMENT) (NO. 4) BILL 1978 WOULD MAKE ASSIGNMENTS OF FLATS EXECUTED BY THE HOUSING AUTHORITY LIABLE TO STAMP DUTY BASED ON THE MARKET VALUE, RATHER THAN THE SALE PRICE, OF THE FLATS.
THIS FOLLOWS THE SAME PRACTICE USED IN THE ASSIGNMENT OF FLATS IN THE PRIVATE SECTOR.
THE AMENDMENT IS NECESSARY BECAUSE THE PRESENT ORDINANCE REFERS ONLY TO LEASES EXECUTED BY THE AUTHORITY, AND THESE DOCUMENTS HAVE BEEN EXEMPTED FROM STAMP DUTY.
A RECENT AMENDMENT TO THE HOUSING ORDINANCE HAD GIVEN THE HOUSING AUTHORITY POWER TO SELL AND MANAGE FLATS UNDER THE HOLE OWNERSHIP SCHEME.
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