1
4
of the Crown Lands Resumption Ordinance for acquiring
private land for urban development
Under this system,
lessees, whose land has been subject to a resumption notice,
are offered the option of:
(a) a stated cash payment; or
(b)
a promise to provide land for development
in return for the surrender of the land
prior to its reversion under the Crown
Lands Resumption Ordinance.
Typical specimen Letters 'A' and 'B' are attached as
Appendices A and B. The main elements of the offer are
the choice of either
(a)
a stated amount of cash in full and final
settlement of the surrender (see Note 2);
or
(b)
(c)
an exchange of agricultural land in the
New Territories, a foot for a foot being
offered without premium; or
the right to a future grant of building
land in one of the New Territories urban
development areas on the following terms:
(i) for every 5 square feet of
agricultural land surrendered the
lessee will be offered 2 square feet
/of
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