XN000022-1973-06-06 — Page 9

Wednesday, June 6, 1973

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Mr. Clinton revealed that in addition, it was proposed to appoint

consultants to examine various areas on the outskirts of Kowloon and to

advise on their suitability for development as large residential estates,

"If suitable areas can be found it is the intention that they should

be disposed of in large blocks for substantial development rather than in

single building plots," he said.

Mr. Clinton made it clear that it was not the government's intention

to contral for a period of three years the rents at which new premises could

be let. Neither was it proposed to control during this period the rent of

premises which had not previously been let.

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However, fresh lettings of existing property would be subject to

scrutiny and restraint. In those cases where the owner had obtained possession,

the rent for a fresh letting to a new tenant would be restricted to the

assessed market rent to be determined by the Rating and Valuation Department.

A three-man independent tribunal would be set up to review the

Commissioner's determination of assessed market rents.

The intention was, he said, that the maximum increase over a two-year

period would not be more than 10 per cent a year.

Mr. Clinton pointed out that despite increased development, the

proposed controls would be necessary for at least three years. Before the

end of that period their continuing need would be reviewed.

He emphasised that it was the government's aim to do "its utmost to

encourage, by every means, the building of sufficient homes to house people

in reasonable comfort."

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