TNAG-0806-FCO40-1011-Policy-of-Government-of-Hong-Kong-on-land-in-the-New-Territo-1979 — Page 97

40

8. SUMMARY OF CONCLUSIONS AND RECOMMENDATIONS

8.1

The existing system probably was fair and

acceptable, but circumstances have changed in that :

8.1.1 The exchange ratio of agricultural land

of 5:2 no longer reflects the proportion

of new layout areas required for public

uses. (Paragraph 2.1)

8.1.2 The present intensive development of

the new towns simultaneously in support

of the public housing programme is pro-

ducing commitments to provide building

land much faster than the new land can

8.1.3

8.1.4

be produced, even given that a reasonable

waiting period must be expected.

(Paragraph 2.2).

The tender system tends to encourage the

reservation of the oldest Letter B for

tendering for the best sites in the urban

layouts. (Paragraph 2.4)

The cash compensation rate is related to

expectations under the exchange system and

there is no system of review; both the

current rate and the system for its review

should be related to land values and their

movement. (Paragraph 3.1.5)

1,

/8.1.5