TNAG-0806-FCO40-1011-Policy-of-Government-of-Hong-Kong-on-land-in-the-New-Territo-1979 — Page 71

3.1.7

14

Any offer of cash compensation or exchange

rights must be the same for land acquired

at a given time in any New Territories urban

layout The original view of the Heung Yee

Kuk members of the Working Group was that

cash compensation rates in each urban

layout should reflect the different values

obtaining in each area. This is a logical

starting point for any system of payments

relating to land, and indeed in any system

involving statutory arbitration of compen-

sation claims, would be essential to its

success. But the Working Group recognised

that its recommendations must be seen

against the background of a system which

for the last ten years had made no provision

for different rates or treatment between

different urban layouts and that differential

treatment involved the acceptance by some of

lower rates as well as higher. In particular,

it was considered that the option for an exchange

would have to be capable of being exercised in

any urban layout, because the rate of production

of new building land suitable for exchanges

would differ between urban layouts, which,

/in