for local officers' housing co-operatives and the remainder for varying purposes including utilities (one such grant realized about $41 million), oil installations at Kai Tak, workers' housing, etc.
Modifications and Enforcement of Lease Conditions
120. Considerable progress was made in this sphere; fifty-two cases of modification of lease conditions and thirty-four cases of removal of the twenty-year restrictions against sale were completed. The total premium realized from these transactions amounted to a little over $3 million.
Lease Renewals
121. Systematic progress has been maintained in dealing with grants of new leases for seventy-five-year 'non-renewable' leases; 130 cases were completed, all but two involving lots in Kowloon. The total revenue collected, however, is a little less than in the previous year.
Land for Government and Government-sponsored projects
122. The efforts of the Lands Division continued more and more to be directed towards the selection of sites for Government and Government-sponsored projects and the subsequent co-ordination of the various engineering aspects of the projects.
Clearances and Resettlement
123. The Lands Division became responsible for co-ordinating all clearances required by the Public Works Department, and for subsequent liaison with the Resettlement Department.
Statistics
124. Revenue. Details of the premia derived from land transactions in the Urban area compared with the previous year are as follows:
(1) Sales by Auction: 1957/58 1958/59 Island $ 4,900,889.75 $ 1,232,520.00 Kowloon $ 4,883,000.00 $ 1,263,000.00 New Kowloon (including Kwun Tong) $ 1,556,067.70 (2) Sales without Auction: Island $ 1,609,307.00 $ 6,629,160.00 Kowloon $ 1,560,938.00 $ 3,637,296.00 New Kowloon (including Kwun Tong) $ 1,178,000.00 $ 8,309,090.00 (3) Exchanges & Extensions: Island $ 704,276.21 $ 791,151.10 Kowloon $ 1,229,021.25 $ 180,806.68 New Kowloon $ 231,145.12 $ 29,470.7922
for local officers' housing co-operatives and the remainder for varying purposes including utilities (one such grant realized about $41 million), oil installations at Kai Tak, workers' housing, etc.
Modifications and Enforcement of Lease Conditions
120. Considerable progress was made in this sphere; fifty two cases of modification of lease conditions and thirty four cases of removal of the twenty-year restrictions against sale were completed. The total premium realized from these transactions amounted to a little over $3 million.
Lease Renewals
121. Systematic progress has been maintained in dealing with grants of new leases for seventy-five-year 'non-renewable' leases; 130 cases were completed, all but two involving lots in Kowloon. The total revenue collected, however, is a little less than in the previous year.
Land for Government and Government-sponsored projects
122. The efforts of the Lands Division continued more and more to be directed towards the selection of sites for Government and Govern- ment-sponsored projects and the subsequent co-ordination of the various engineering aspects of the projects.
Clearances and Resettlement
123. The Lands Division became responsible for co-ordinating all clearances required by the Public Works Department, and for subsequent liaison with the Resettlement Department.
Statistics
124. Revenue. Details of the premia derived from land transactions in the Urban area compared with the previous year are as follows:
(1) Sales by Auction:
Island
Kowloon
New Kowloon (including
Kwun Tong)
1957/58
1958/59
$ 4,900,889.75 $ 1,232,520.00
4,883,000.00
1,263,000.00
1,556,067.70
(2) Sales without Auction :
Island
1,609,307.00
6,629,160.00
Kowloon
1,560,938.00
3,637,296.00
New Kowloon (including
Kwun Tong)
1,178,000.00
8,309,090.00
(3) Exchanges & Extensions :
Island
704,276.21
791,151.10
Kowloon
1,229,021.25
180,806.68
New Kowloon
231,145.12
29,470.79
22
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