W(B)L 51-74 33
NOTHING TO BE WRITTEN'
after investigation of their claims
tenure, granted Crown Leases for which Crown
rent was fixed. Alf land not claimed by
•
1904 was proclaimed to be Crown land.
The Government is responsible for preserving a proper balance between the
often conflicting needs of housing and
industry on the one hand and rural life
and amenities on the other. All land therefore
is restricted as to itsuse The New
Territories ts becoming the focus of urban
ind
expansion and development schemes Pixnx
Most urban development layout areas contain a high proportion of leased land and
there is generally much less Crown land
available than is required for public purposes.
To allow development to proceed the tax
lessees of agricultural land are required
to surrender a portion of it if they wish to
acquire a grant of building land in exchange.
A premium is payable equivalent to the
difference in value of the land surrendered
difference
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