XN000022-1972-05-10 — Page 10

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Wednesday, May 10, 1972

He continued: "I think we should all know the sort of sums we

are talking about, and the effect on revenue, any modicication that has

been suggested and that Government in their wisdom may introduce, would

have on forward revenue projections and financial planning."

Mr. Salmon brought up a point of detail on a Government leaflet

concerning those cases where a new Crown lease, for one reason or another,

could only be issued by the Colonial Treasurer Incorporated in respect of

a property held in co-ownership by a number of owners.

There is an actual case, I am informed, of a block of 650 flats,

and if just one of these 650 owners is absent or for some reason cannot

formally apply for 'Legal Option Renewal', then all are dealt with by

Colonial Treasurer Incorporated.

"But I see there will be an administrative fee of no less than

and this does seem too heavy for people

$1,000 for each assignment

who really cannot afford $1,000," he said.

Mr. Salmon hopes this flat fee will be reconsidered.

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