8
WEDNESDAY, OCTOBER 28, 1987
EXPLAINING SOME OF THE MORE IMPORTANT CHANGES PROPOSED, HE SAID THE BILL WAS HIGHLY TECHNICAL,
TO THE LAND BEING SOLD, A "FIRST, IN ORDER TO PROVE TITLE
AND ALL OTHER VENDOR IS USUALLY REQUIRED TO PRODUCE THE CROWN LEASE
THE CONTRACT FOR RELEVANT DOCUMENTS FOR A PERIOD OF 25 YEARS BEFORE SALE.
THIS
TO PERIOD
15 YEARS "CLAUSE 5(A) REDUCES
PROBLEMS AND IT IS CAUSES PRACTICAL LONGER PERIOD PURCHASERS WILL BE NO WORSE OFF AS A RESULT OF THE CHANGE,
IT HAD OF ATTORNEY BEFORE TIME
BEEN FOUND
THE WHERE THE CONVEYANCING
DIFFICULT POWER
PRACTICE, IN ORIGINAL POWER CONSIDERABLE
BECAUSE THOUGHT
" HE SAID.
THE THAT
PRODUCE GIVEN
AN SOME 5
TO WAS
CLAUSE TRANSACTION.
EXPRESSED,
ATTORNEY
AMENDED THE LAW SO THAT, UNLESS THE CONTRARY INTENTION WAS THE VENDOR WAS ONLY OBLIGED TO PRODUCE THE ORIGINAL POWER OF WHERE IT WAS EXECUTED LESS THAN 15 YEARS BEFORE THE CONTRACT OF SALE.
COVENANTS, MR THOMAS OF COVENANTS
CLAUSE 12 DEALT WITH THE ENFORCEMENT OF SAID. IN PRACTICE, THIS PROBLEM AROSE MOSTLY IN RESPECT BETWEEN FLAT-OWNERS IN MULTI-STOREY DWELLINGS.
"THIS IS A COMPLEX AREA OF THE LAW,
EXISTING PROVISIONS DO NOT HAVE BEEN SEEM TO HAVE CAUSED ANY PRACTICAL DIFFICULTIES. BUT DOUBTS
中中 MR THOMAS SAID. EXPRESSED AS TO THEIR EFFICACY IN SOME SITUATIONS,
"SO THE PROVISIONS HAVE BEEN RECAST TO CLARIFY THE LAW.
14
BEEN TAKEN ΤΟ OWNERS OF PIECES
AT THE SAME TIME, HE SAID, THE OPPORTUNITY HAD DEAL WITH THE ENFORCEMENT OF COVENANTS BETWEEN THE OF LAND WITHIN A DEVELOPMENT SCHEME.
DEVELOPMENT SCHEMES WERE A THESE RESIDENTIAL RECENT MEANS OF PROVIDING HOME-OWNERSHIP IN HONG KONG.
COMPARATIVELY
A WORKING GROUP AND HAD TAKEN
ON THE BACKGROUND TO THE BILL, MR THOMAS SAID CHAIRED BY THE REGISTRAR GENERAL HAD CONSULTED WIDELY INTO ACCOUNT THE COMMENTS OF ASSOCIATIONS AND INDIVIDUAL LAWYERS.
MEASURE
"I AM FORTIFIED IN MY BELIEF THAT THE BILL IS A USEFUL BY THE SATISFACTION AND SUPPORT THAT HAS BEEN GIVEN TO IT BY THE SOCIETY.
LAW
THE
VARIETY OF
"THEIR MEMBERS ARE PARTICULARLY FAMILIAR WITH INTERESTS AFFECTED BY CONVEYANCING TRANSACTIONS," HE SAID.
DEBATE ON THE BILL WAS ADJOURNED.
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