TNAG-0809-FCO40-1014-Legislation-for-Crown-lands-in-Hong-Kong-1978 — Page 169

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5. Accordingly, the object of this Ordinance is to clarify the meaning of section 9 of the principal Ordinance by making it clear that in determining the new Crown rent of a lot or section held under a new Crown lease granted under the principal Ordinance, which is 3 per cent of the rateable value at the relevant day, within the meaning of the Ordinance.-

(a)

(b)

6.

interim valuations of tenements comprised in the lot or section consequent upon redevelopment are to be added to the rateable value of the lot or section. (the new subsection (3) introduced by section 2(b) effects this); and

that notwithstanding (a), the existing rateable value of the lot or section cannot be reduced by interim valuations of tenements comprised in the lot or

section (the proviso to the new subsection (3) effects this).

Section 2(a), 2(c) and 3(a) make minor amendments to the language of the provisions amended without altering their effect.

7. Section 3(b) provides in effect that where an Occupier or agent pays the new Crown rent on a tenement in pursuance of a demand under section 13 of the principal Ordinance, he may recover it from the owners of the tenement, by deduction from rent if he so chooses, instead of recovering it, as he was empowered to do, from the owners of the lot or section, which could include the owners of the other tenements in the lot or section.

8. Before the Acting Governor assented to the Bill in the name and on behalf of Her Majesty, I advised that he could properly do so.

" July 1978.

ATTORNEY GENERAL'S CHAMBERS,

HONG KONG.

/w Doble,

Attorney General.