TNAG-0806-FCO40-1011-Policy-of-Government-of-Hong-Kong-on-land-in-the-New-Territo-1979 — Page 99

8.4

42

More particularly, an acceptable system :

8.4.1 must retain an option for a future exchange

of land; (Paragraph 3.1.5)

8.4.2 must provide for uniform rates of compen-

sation or exchange entitlement for land

acquired at any given time in any urban

layout in the New Territories;

(Paragraph 3.1.7)

8.5

8.4.3

8.4.4

must relate to different classes of land

and not different classes of owners;

(Paragraph 3.1.8)

could not be subject to statutory

arbitration. (Paragraph 3.2)

The Working Group, after consideration of a

number of methods of assessment of the compensation rate,

was unable to propose any entirely satisfactory method of

assessing the compensation which would meet all its own

criteria, but concluded that a rate of between $22 and

$29 per square foot for agricultural land would be

generally fair and acceptable provided that it was

accompanied by an acceptable method of updating and an

appropriate system of review.

(Paragraph 4.2)

/8.6