-2-
Saving.
From the Secretary of State for the Colonies.
To the Officer Administering the Government of
Date
No......
Saving.
2
3.
in the case of payment by instalments, an addition would be made to allow for interest in respect of the deferred payments, such interest to be calculated at the rate of 5% per annum.
The calculation of the premium on the value of the land exclusive of the buildings thereon is a concession arising from the special circumstances following on the war which will not establish a precedent for dealing with the renewal of other types of leases.'
I suggest that the heading of the public
announcement should make it clear that the
announcement relates to the 75-year non-renewable
leases only.
SECER
No comments yet.
Private notes are available after approval.