CO129-615-7 Crown Lands 7-7-1946 - 25-9-1947 — Page 14

No.

1947

14

DXRXAX XXXX

Government's Statement on Housing.

21st August, 1947.

Government is prepared to allocate building sites, including

particularly Jardine's Lookout and Kowloon Tsai, for building. schemes by

private treaty at a reduced premium which will vary in accordance with the

control or limitation to be exercised on the profits to be derived from any

particular scheme. Special consideration will be given to bona fide non-

profit making associations. Sponsors of building schemes are invited to

submit technical and financial plans in respect of particular areas in as

full detail as possible to the Director of Public Works within six weeks from

the date of this announcement.

2. A condition of the grant by private treaty of any lease at

reduced premium to permit building in accordance with the needs of the

community will be that the leases cannot be sold nor the accommocation let

or sub-let without specific approval of Government for a period of twenty

years from the date of issue.

3. Government is further prepared to alienate by private treaty at

reduced premium available individual building sites to citizens who desire to

build their own homes. The conditions of alicnation will include stipulations

barring resale or sub-letting without permission for a period of twenty years

A further condition of application will be that the applicant undertakes

himself to live in the house he proposes to build. If there are two or mo

applicants for any one site it will be awarded by ballot.