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rehabilitation of premises that had suffered war damage or to the early
full development of the leasehold premises :-
(1) The Crowa rent would be reassessed in accordance
with the scale applicable to the locality in the
period immediately before the outbreak of the Facific
War and the amount of the renewal premium would be
based on land values in the locality during that
period.
(ii) A building covenant would be required appropriate to
the nature and locality of the Lot and the issue of
the Crown loase would be made only after complianc❤
with this covenant.
(iii) The agreement for grant would contain a condition
prohibiting, without the written consent of the Covernor,
any assignment or other dealing with the premises before
compliance with the building covenant.
(the foregoing conditions (ii) and (iii) would also apply in all
onses in which the Government considered that the leased area had not been
sufficiently developed).
6.
In the case of war damaged buildings applications would be entertained
for the remission of the premium which would otherwise have been payable to
the extent of one-half of the necessary cost of rehabilitation as certified
by an authorised architect.
should any war damago compensation subsequently become payable in
respect of any premises whereon the premium or any part thereof had been
remitted under the foregoing provision, a deduction would be made from the
amount of such compensation equivalent to the amount of premium so romitted.
7.
Those who are desirous e? rehabilitating damaged premises or of am-
barking on themes for the better development of the leasehold area
early date are invited to submit applications to the Colonial Secretary.
Each application will be dealt with on its morits as rapidly as.
possible, but applicants must bear in mind that serious shortages in the staff
of the Public Works Department militate against dealing with applications with
the rapidity which Government would desire.
No comments yet.
Private notes are available after approval.