6.04. The Superintendent attended the Seminar on Regional and Physical Planning organized by the German Foundation and held in Berlin in April 1968, the inaugural meeting of the Commonwealth Association of Surveying and Land Economy held in London in August 1968, and the 12th Congress of the International Federation of Surveyors held in London in September 1968. The sub-department was also represented at the 3rd General Assembly of the International Cartographic Association held in New Delhi in December 1968.
General
LAND BRANCH
Assistant Superintendent:
J. P. POTTER, A.R.I.C.S., A.A.I. (Acting)
6.05. The year saw an upsurge in the work of the Land Branch as interest revived in the development of vacant sites in private ownership which had remained undeveloped during the past few years. Coupled with the small amount of vacant floor space remaining unlet or unsold, this revival of interest in development gave rise to an increased demand for new building land, mainly in the industrial sector. Correspondingly, the number of cases of failure to pay instalments of premium by Crown lessees diminished.
6.06. Government announced a fourth and final extension of building covenants by one year, free of premium, for those developers wishing to obtain the benefit of this concession. It was also announced that, following the expiry of this final year, developers could, on application, have their original building covenant re-imposed. The reason for placing a limit on further free extensions was that with the improved economic outlook for land development and the rapidly diminishing stock of vacant accommodation in completed buildings, there was a need for developers to proceed with their development proposals more expeditiously.
6.07. Government also announced a concession to lessees who had not accepted terms for the regrant of non-renewable 75-year leases; in certain circumstances, lessees can extend their occupation of the Property for a period of up to five years while retaining their rights to be offered terms of regrant for a further term of 75 years. The annual rent payable during the extension period is based on the full value of the property including any buildings. The aim of this concession is to
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6.04. The Superintendent attended the Seminar on Regional and Physical Planning organized by the German Foundation and held in Berlin in April 1968, the inaugural meeting of the Commonwealth Association of Surveying and Land Economy held in London in August 1968, and the 12th Congress of the International Federation of Surveyors held in London in September 1968. The sub-department was also represented at the 3rd General Assembly of the International Carto- graphic Association held in New Delhi in December 1968.
General
LAND BRANCH
Assistant Superintendent:
J. P. POTTER, A.R.I.C.S., A.A.I. (Acting)
6.05. The year saw an upsurge in the work of the Land Branch as interest revived in the development of vacant sites in private ownership which had remained undeveloped during the past few years. Coupled with the small amount of vacant floor space remaining unlet or unsold, this revival of interest in development gave rise to an increased demand for new building land, mainly in the industrial sector. Correspond- ingly, the number of cases of failure to pay instalments of premium by Crown lessees diminished.
6.06. Government announced a fourth and final extension of building covenants by one year, free of premium, for those developers wishing to obtain the benefit of this concession. It was also announced that, following the expiry of this final year, developers could, on application, have their original building covenant re-imposed. The reason for placing a limit on further free extensions was that with the improved economic outlook for land development and the rapidly diminishing stock of vacant accommodation in completed buildings, there was a need for developers to proceed with their development proposals more expeditiously.
6.07. Government also announced a concession to lessees who had not accepted terms for the regrant of non-renewable 75-year leases; in certain circumstances, lessees can extend their occupation of the Property for a period of up to five years while retaining their rights to be offered terms of regrant for a further term of 75 years. The annual rent payable during the extension period is based on the full value of the property including any buildings. The aim of this concession is to
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