1973-HKRS28-16-21_Part03 — Page 25

Amendment of section 13.

Amendment of section 14.

Addition

of new section 14.A.

3.

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(b) a relevant interest in which was created or agreed to be created under an instrument registered in the Land Office before the 1st day of August 1970; and (c) in respect of which no instrument containing a basis of apportionment of the principal Crown rent re- served under the new Crown lease or of the annual instalment of premium payable in respect of that relevant interest has been registered in the Land Office:**

Section 13 of the principal Ordinance is amended in sub- section (1) by inserting after "subsection (2)," the following-

"and section 14A.”.

4. Section 14 of the principal Ordinance is amended in sub- section (1) by inserting after "subsection (2),” the following-

"and section 14A,”.

5. The principal Ordinance is amended by adding after section 14 the following new section-

"Apportion- ment of Crown rent and pre- mium on relevant interest in respect of an existing building.

14A. (1) If the Land Officer decides in accord- ance with section 12 to determine the Crown rent or the annual instalment of premium payable in respect of a relevant interest in a lot or section on which an existing building stands, section 13 or 14 shall not apply, and the Crown rent, or the annual instalment of premium if any, payable in respect of that relevant interest shall be determined by the Land Officer so that it bears the same proportion to the principal Crown rent, or to the annual instalment of the prin- cipal premium if any, as the value of the relevant interest bears to the value of the aggregate of the relevant interests.

(2) The value of a relevant interest for the pur- pose of this section shall be such value as may be determined by the Director of Public Works and notified by him to the Land Officer,

(3) The Land Officer shall add to the Crown rent or the annual instalment of premium determined in

accordance with subsection (1)-

(a) such sum as may be necessary to make the

same an even number of dollars; and

(b) a further sum of ten dollars or, if the Crown rent which is determined in accordance with

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subsection (1) is in respect of a regranted Crown lease, a further sum of two dollars,

and the determined Crown rent, or the determined annual instalment of premium if any, payable in respect of the relevant interest shall be the sum or sums so ascertained.".

6. Section 19 of the principal Ordinance is amended in sub- section (3) by deleting the full stop at the end, and inserting the following--

"or section (4A.”.

Passed by the Hong Kong Legislative Council this 25th day of April, 1973.

Clerk to the Legislative Council.

This printed impression has been carefully compared by me with the bill, and is found by me to be a true and correctly printed copy of the said bill.

Clerk to the Legislative Council.

Amendment of section 19.