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THURSDAY, DECEMBER 2, 1993
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"THE CROWN RENTS MUST BE PAID BY DECEMBER 25 EVEN THOUGH THE PAYER MAY NOT HAVE RECEIVED THE NOTE, THE SPOKESMAN SAID.
THOSE WHO HAVE SUBMITTED A VALID DIRECT DEBIT AUTHORISATION SHOULD NOTE THAT IF THE WORDING "PAYMENT TO BE MADE BY AUTOPAY" IS SHOWN ON THE DEMAND NOTES, PAYMENT WILL BE MADE BY DIRECT DEBIT TO THEIR BANK ACCOUNTS ON DECEMBER 25.
THEY SHOULD ENSURE THAT THEIR BANK ACCOUNTS CONTAIN THE NECESSARY FUNDS ON THAT DATE, HE SAID.
IF THE WORDING IS NOT SHOWN, THEY SHOULD PAY ACCORDING TO INSTRUCTIONS SET OUT IN THE DEMAND NOTE.
TO SAVE TIME OF QUEUING, THE SPOKESMAN URGED PAYERS TO PAY BY CHEQUES OR CASHIER ORDERS SENT BY POST OR BY EARLY PERSONAL ATTENDANCE AT ANY OF THE COLLECTION OFFICES.
HE SAID.
"HOWEVER, THE MOST CONVENIENT METHOD FOR PAYMENT IS AUTOPAY,"
APPLICATION FORMS FOR AUTOPAY ARE AVAILABLE FROM TREASURY COLLECTION OFFICES, DISTRICT OFFICES AND ALL MAJOR BANKS IN HONG KONG OR BY CALLING 829 4999.
THE SPOKESMAN TOLD PAYERS TO NOTE THE FOLLOWING:
TO AVOID LEGAL ACTION FOR RE-ENTRY OF A PROPERTY THE CURRENT OWNER OF THAT PROPERTY IS OBLIGED то PAY CROWN RENT INCLUDING ANY ARREARS AS DEMANDED.
THE CROWN RENT PAYABLE UNDER A LEASE OF A PROPERTY WHICH HAS BEEN RENEWED UNDER THE CROWN LEASES ORDINANCE AND RE- DEVELOPED, WILL BE THREE PER CENT OF THE RATEABLE VALUE OF THAT PROPERTY AS ASSESSED FOLLOWING THE REDEVELOPMENT.
PENDING COMPLETION OF THE ASSESSMENT AND OTHER RELATED PROCEDURES, CROWN RENT DEMANDS WILL BE BASED UPON THE PRE- REDEVELOPMENT RATEABLE VALUE.
IN DUE COURSE, CROWN RENT FOR THE DIFFERENCE BETWEEN THE RENT BASED UPON PRE- AND POST-REDEVELOPMENT RATEABLE VALUES WILL BE DEMANDED AND THE CURRENT OWNER IS OBLIGED TO PAY THE RENT AS DEMANDED. IF HE DOES NOT, LEGAL ACTION FOR RE-ENTRY OF THE PROPERTY MAY BE INSTITUTED.
HE ADVISED PROPERTY BUYERS TO INSTRUCT THEIR SOLICITORS TO ENSURE THAT AT THE TIME OF PURCHASE THE CROWN RENT HAD BEEN PAID.
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IF A PROPERTY IS SUBJECT TO THE CROWN LEASES ORDINANCE AND HAS BEEN REDEVELOPED BUT THE RENTAL PAID UP TO THE DATE OF THE PURCHASE IS NOT BASED UPON AN ASSESSMENT OF THE RATEABLE VALUE OF THE PROPERTY. SINCE ITS REDEVELOPMENT, THE PURCHASER OR HIS SOLICITORS SHOULD TAKE APPROPRIATE STEPS TO PROTECT THE BUYER, HE SAID.
PER
ENQUIRIES ON OUTSTANDING ACCOUNTS MAY BE ADDRESSED TO THE DIRECTOR OF ACCOUNTING SERVICES. THE FEE IS $50 FOR EACH ENQUIRY PROPERTY,
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