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A mision puit
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i
Rear
We
muy
Further
about this.
without the covering desputed, I
do not
Think
it was
art
all clear
Etar-
para 5 g
Press Release ='(1) ~ 194412-
appled alo
pance o
uf Bom 29/4.
Mr. Wallace.
Mr. Boss and I have discussed this further.
As regards Crown Rent (paragraph 3 of the
draft), I agree with the comment in his minute.
That is to say, there is no doubt that Hong Kong
have suggested two possibly contradictory methods
of assessment, and equally it seems fairly clear
that the Hong Kong Government itself shows a
tu.
less
leaning in direction to the least onerous
method; but I do not think we can suggest that
they should adhere to both methods and choose
whichever happens to be the more onerous in each
individual case, nor do I think that Mr. Butters
intended to suggest this. The correct solution,
surely, is to ask the Hong Kong Government
to adhere in all cases to the method of assessment
i.e.,
which would normally be the more onerous
"the full and fair value of the land".
-
As regards premiums, I think we can put this
to Hong Kong on the lines proposed in the
draft (para. 4), though I am not sure that if
the Governor comes back at us we shall be able to
maintain the point. Rent, even on the more
onerous basis indicated above, will be based
on the undeveloped value of the land, and neither
Mr. Boss nor I are quite certain that it is
logical in these circumstances to base
premiums/
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