XN000022-1988-01-20 — Page 4

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WEDNESDAY, JANUARY 20, 1988

THE MANAGEMENT COMPANY APPOINTED UNDER THE TERMS OF SOME DMC'S,

FOR THE LIFE BY THE FIRST OWNER BECOMES THE MANAGER OF THE PROPERTY OF THE LEASE, AND THERE ARE OBVIOUS REASONS WHY OWNERS DO NOT WANT BE BOUND BY THESE TERMS FOR ANOTHER 50 YEARS.

TO

OR

OPPRESSIVE

THE ADMINISTRATION EXPLAINED THAT UNDER THIS BILL

PERIOD OF

A VERY THE EXTENSION, OTHERWISE SURVIVE FOR THE FULL

DEVELOP. OWNERS WHO FIND SERIOUS PROPERTY MANAGEMENT PROBLEM WOULD

TAKE UP THE HOWEVER

ISSUE THE DMC UNFAIR SEPARATELY.

DMC'S WOULD

COULD

A

THE AD HOC GROUP UNDERSTOOD THAT THE ADMINISTRATION HAS SET

COMMITTER STANDING SUB-COMMITTEE,

EXISTING

IDENTIFY WAYS то RECTIFY

UNDER THE

MULTI-STOREY BUILDING MANAGEMENT, TO UNFAIR PROVISIONS OF EXISTING DMC's.

WOULD

THE ADMINISTRATION MR HU HOPED AVENUES WOULD BE MADE AVAILABLE TO PROPERTY PROTECT THEIR RIGHTS UNDER THE EXTENDED DMC'S.

FINALLY, MR HU AGREED WITH

OUT

SPELL SOON

WHO OWNERS

ADMINISTRATION THE

TERRITORIES LEASES (EXTENSION) BILL 1987 SHOULD

A SIGNIFICANT FURTHER, AS DEVELOPMENT OF THE NEW TERRITORIES.

IT WOULD

HAVE

UP

ON

THE

WHAT WANT To

THAT THE NEW

NOT BE DELAYED ANY ON THE FUTURE IMPACT

PO

-

"FOR EXAMPLE, THE PROBLEMS OF THE INDUSTRIAL ESTATES IN TAI AND YUEN LONG HAVE BEEN BROUGHT TO THE ATTENTION OF THE AD HOC GROUP

INVESTORS, INCLUDING SOME LARGE THERE

THAT ARE INDICATIONS

MORE BECOMING

CONCERNED ABOUT THEIR MULTI-NATIONAL COMPANIES, FUTURE LEASES CONDITIONS.

ARE

"WITH THE PASSAGE

OF THIS BILL,

WILL BE

RLIMINATED, MAKING NO SMALL PROSPERITY OF HONG KONG, HE CONCLUDED.

I HOPE ALL SUCH

TO THE CONTRIBUTION

ANXIETIES FUTURE

DEFINITION OF "ESTABLISHED VILLAGE" QUERIED

OF "ESTABLISHED BILL 1987 AND JOINT SINO-BRITISH

LEGISLATIVE COUNCILLOR, THE HON LAU WONG-FAT, TODAY (WEDNESDAY) SAID THERE WERE DISCREPANCIES BETWEEN THE DEFINITION VILLAGE" UNDER THE NEW TERRITORIES LEASES (EXTENSION)

AS USED IN THE THE ORIGIN MEANING OF THE TERM DECLARATION.

SPEAKING IN THE

THE LEGISLATIVE DISCREPANCIES MIGHT SERIOUSLY AFFECT POSSESS VILLAGERS WHO WERE UNABLE TO GOVERNMENT GRANTED THE BLOCK LEASE.

MR LAU COUNCIL,

SAID THE THE INTEREST OF INDIGENEOUS LAND TO THE TIME WHEN THE

/IN VIEW