XN000022-1972-03-16 — Page 13

Thursday, March 16, 1972

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Mr. Lee said the logical approach would be to charge a smaller

percentage, say 24 per cent to five per cent rates on vacant premises

and the full 15 per cent payable only when they were occupied.

He added that a grace period should be given to premises newly

completed, say six months from the date of occupation permit and to

premises that have been let three months from the date of their being

vacant.

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