XN000022-1976-06-04 — Page 11

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FRIDAY, JUNE 4, 1976

+ IF THE LOT IS HELD ON A NON-RENEWABLE LEASE IT WILL NOT BE THE SUBJECT OF A RE-GRANT IN THE EVENT OF THE LAND BEING REQUIRED FOR PUBLIC PURPOSES, AND RE-DEVELOPMENT CAN BE FROZEN FOR UP TO TEN YEARS,+ HE SAID.

+ON THE OTHER HAND, IF THE LOT IS HELD ON OTHER THAN A NON-RENEWABLE LEASE, THE MAXIMUM PERIOD DURING WHICH RE-DEVELOPMENT CAN BE FROZEN SHALL ONLY EXTEND TO THE END OF THE FOLLOWING FINANCIAL YEAR. IN OTHER WORDS, THE MINIMUM PERIOD WILL BE JUST OVER ONE YEAR AND THE MAXIMUM PERIOD JUST UNDER TWO YEARS.+

HE ADDED : +IT MUST BE REMEMBERED, HOWEVER, THAT FREEZING THE DEVELOPMENT OF PROPERTY WILL NOT BE NECESSARY IF THE GOVERNMENT HAS FUNDS AVAILABLE FOR THEIR ACQUISITION.

+IN THIS CASE, THE GOVERNMENT SIMPLY PAYS YOU OFF.+

TRAFFIC DIVERSIONS

*****

THE SECTION OF POK FU LAM ROAD BETWEEN QUEEN'S ROAD WEST AND SECOND STREET WILL BE CLOSED TO ALL SOUTHBOUND TRAFFIC FOR TWO MONTHS FROM 10 A.M. ON MONDAY (JUNE 7) TO FACILITATE ROAD RECONSTRUCTION.

MOTORISTS TRAVELLING SOUTH WILL BE DIVERTED TO

USE WESTERN STREET.

CMB ROUTES 3A, 4, 7, 70 AND 71 WILL BE DIVERTED TO OPERATE ALONG QUEEN'S ROAD WEST, WATER STREET AND THIRD STREET BEFORE ENTERING POK FU LAM ROAD.

WATER STREET WILL BE CLOSED TO ALL SOUTHBOUND TRAFFIC EXCEPT FRANCHISED BUSES,

APPROPRIATE TRAFFIC SIGNS WILL BE PUT UP IN THE AREA TO GUIDE MOTORISTS AND BUS PASSENGERS WILL BE ADVISED BY NOTICES AT THE AFFECTED BUS STOPS.