TNAG-0672-FCO40-821-Legislation-for-Crown-lands-in-Hong-Kong-1977 — Page 199

RESTRICTED

3

XCR(75)156

(c) the amusement park is reasonably well run, clean and the buildings are generally in good repair and condition. The park provides a popular amenity for the Kowloon area and it would therefore serve the public interest to allow the park to continue on a more permanent basis and permit the owner to invest in improved buildings and equipment with more confidence.

Proposed basic terms including royalty

9

The Secretary for the New Territories has therefore re- commended a land exchange by which the owner of the park would surre nder the 116, 633 square feet of private agricultural land currently utilised for amusement park purposes (as shown edged blue on the plan annexed) plus an additional 131, 967 square feet of land exchange en- titlements (Letters B) in exchange on a foot-for-foot basis (see para- graph 11 below) for an equivalent area of Crown land (including Lot 3327), totalling 248, 600 square feet (as shown coloured pink on the plan annexed). The grant would be made to the Lai Chi Kok Amusement Company Limited on the following terms:

(a) Lease term

(b) Area to be granted

:

commencing from 1st January 1975 for the remainder of the New Territories Lease.

: 248, 600 square feet (approximately)

C.S. £4

(c) Crown rent

:

$2,000 per annum

(d) User conditions

:

(e) Alienation

(f) Coverage

:

(g) Development

conditions

for amusement park and ancillary purposes only to be run to the satisfaction of the Governor

: no alienation of the lot shall be

allowed, except with the consent of the Governor

:

not to exceed the covered area as

surveyed and the volume of the structures not to exceed the volume of those at present on the lot

(i) the grantee will form to approved levels the area coloured green on the plan annexed as and when required by the Secretary for the New Territories

RESTRICTED