TNAG-0806-FCO40-1011-Policy-of-Government-of-Hong-Kong-on-land-in-the-New-Territo-1979 — Page 90

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

at

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(i)

(ii)

it would compare too unfavourably

with the terms of offer in presently

outstanding Letter B; and

it depended too largely on the

performance of Government in

producing sufficient land for

exchanges, which, although improved,

could justifiably be distrusted

by the owners.

However, the Working Group felt that the

Government would be well advised to bear

in mind this possibility and accordingly

recommended that this option should be

seriously considered in due course when

the supply of land for Letter B exchanges

had sufficiently improved to make it more

acceptable.

5.15 The form of pressure which the Working Group

considered to be capable of introduction at this stage

was the modification of the Letter B tender system

(described in paragraph 8 of Enclosure 1) so that after

a certain period exchange entitlements would cease to

earn priority for tender in accordance with the date

of surrender. Although this approach is less drastic

than setting a time limit on the validity of "exchange

offers", its implementation likewise depends on Government

/having

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