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THURSDAY, JUNE 3, 1993
THE CROWN RENT PAYABLE UNDER A LEASE OF A PROPERTY WHICH HAS BEEN RENEWED UNDER THE CROWN LEASES ORDINANCE AND REDEVELOPED, WILL BE 3 PER CENT OF THE RATEABLE VALUE OF THAT PROPERTY AS ASSESSED FOLLOWING THE REDEVELOPMENT.
PENDING COMPLETION OF THE ASSESSMENT AND OTHER RELATED PROCEDURES, CROWN RENT DEMANDS WILL BE BASED UPON THE PRE-REDEVELOPMENT RATEABLE VALUE.
IN DUR COURSE, CROWN RENT FOR THE DIFFERENCE BETWEEN THE RENT BASED UPON PRE- AND POST-REDEVELOPMENT RATEABLE VALUES WILL BE DEMANDED AND THE OWNER FOR THE TIME BRING IS OBLIGED TO PAY THE RENT AS DEMANDED.
IF HE DOES NOT, LEGAL ACTION FOR RE-ENTRY OP THE PROPERTY MAY BE INSTITUTED.
HE ADVISED PROPERTY BUYERS ΤΟ INSTRUCT THEIR SOLICITORS TO ENSURE THAT AT THE TIME OF PURCHASE THE CROWN RENT WAS PAID UP TO DATE.
IF A PROPERTY 18 SUBJECT TO THE CROWN LEASES ORDINANCE AND HAS BEEN REDEVELOPED BUT THE RENTAL PAID UP TO THE DATE OF THE PURCHASE IS NOT BASED UPON AN ASSESSMENT OF THE RATBABLE VALUE OF THE PROPERTY SINCE ITS REDEVELOPMENT, APPROPRIATE STEPS SHOULD BB TAKKN BY THE PURCHASER OR HIS SOLICITORS TO PROTECT THE PURCHASER, HE SAID.
ENQUIRIES ON OUTSTANDING CROWN RENT ACCOUNTS MAY BE TO THE DIRECTOR OF ACCOUNTING SERVICES. THE FEE IS $50 ENQUIRY PER PROPERTY.
ADDRESSED FOR BACH
INDUSTRIAL PRODUCTION SURVEY UNDER WAY
THAT
THE CENSUS AND STATISTICS DEPARTMENT ANNOUNCED TODAY (THURSDAY) THE SURVEY OF INDUSTRIAL PRODUCTION FOR 1992 HAS STARTED.
THE ANNUAL SURVEY 19 PART OF A CONTINUAL PROGRAMME TO COMPILE STATISTICS ON THR STRUCTURE AND PERFORMANCE OF VARIOUS ECONOMIC ACTIVITIES IN HONG KONG.
UP-TO-DATE STATISTICAL DATA WILL BE OBTAINED FOR EVALUATING THE CONTRIBUTION OF VARIOUS INDUSTRIAL ACTIVITIES TO HONG KONG'S GROSS DOMESTIC PRODUCT AND FOR ASCERTAINING THEIR COST STRUCTURE, OPERATING CHARACTERISTICS AND OUTPUT LEVELS,
THE SURVEY RESULTS ARE USEFUL TO BOTH THE GOVERNMENT AND THE PRIVATE SECTOR IN FORMULATING POLICIES AND MAKING DECISIONS.
/THE COMMISSIONER
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