7.07. During the year the amount of rent which the Division was responsible for collecting totalled about $6.4 million. The trend of the previous year continued and the number of cases of failure to pay instalments of premium by Crown lessees and the number of instances where Crown lessees did not take up renewals of leases diminished still further. With the commencement of acquisition of property for urban renewal, a new category of property required to be managed, namely old buildings, for the interim period between their reverting to the Crown and being demolished to enable urban renewal to proceed. By the end of the year 10 such properties were under management. The total number of properties under management at the end of the year was 531. In addition, eight commercial piers and seventeen ferry piers were managed and various wayleaves, licences, etc. issued. Close co-operation is maintained with the Registrar General's Department, which advises on the legal aspects of the Division's work and with the Buildings Ordinance Office, which supervises maintenance of reverted properties.
Valuation Division
7.08. The Valuation Division is concerned with a wide variety of functions including acquisition of land for public purposes, the modification and enforcement of lease conditions, the regrant and renewal of expired leases and the valuations required in connection with these as well as for Estate Duty, Statutory Assessments, Sales and Private Treaty Grants of land. In addition it gives Government valuation advice for special purposes. Altogether more than 10,000 valuations were made during the year. The acquisition by negotiation of property for urban renewal continued and the first resumption of such sites took place. 63 properties were acquired for this purpose during the year. A time-consuming item was the continuing protection of the Mass Transit routes so that they should not be prejudiced should the scheme be approved and whilst in the majority of cases property acquisition was not required, in the few cases where this proved necessary negotiations were complicated. The total number of Mass Transit cases dealt with up to the 31st March, 1971 was 201. Another similar matter that has an increasing impact on property development and the work of the Division is acquisition of land for road improvements. Altogether 252 cases were dealt with during the year, mostly by free surrender. The Division also provides expert witnesses to appear for the Crown before Arbitration Boards and Appeal Tribunals.
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7.07. During the year the amount of rent which the Division was responsible for collecting totalled about $6.4 million. The trend of the previous year continued and the number of cases of failure to pay instalments of premium by Crown lessees and the number of instances where Crown lessees did not take up renewals of leases diminished still further. With the commencement of acquisition of property for urban renewal, a new category of property required to be managed, namely old buildings, for the interim period between their reverting to the Crown and being demolished to enable urban renewal to proceed. By the end of the year 10 such properties were under management. The total number of properties under management at the end of the year was 531. In addition, eight commercial piers and seventeen ferry piers were managed and various wayleaves, licences, etc. issued. Close co-operation is maintained with the Registrar General's Department, which advises on the legal aspects of the Division's work and with the Buildings Ordinance Office, which supervises maintenance of reverted properties.
Valuation Division
7.08. The Valuation Division is concerned with a wide variety of functions including acquisition of land for public purposes, the modifica- tion and enforcement of lease conditions, the regrant and renewal of ex- pired leases and the valuations required in connection with these as well as for Estate Duty, Statutory Assessments, Sales and Private Treaty Grants of land. In addition it gives Government valuation advice for special purposes. Altogether more than 10,000 valuations were made. during the year. The acquisition by negotiation of property for urban renewal continued and the first resumption of such sites took place. 63 properties were acquired for this purpose during the year. A time consuming item was the continuing protection of the Mass Transit routes so that they should not be prejudiced should the scheme be approved and whilst in the majority of cases property acquisition was not required, in the few cases where this proved necessary negotiations were complicated. The total number of Mass Transit cases dealt with up to the 31st March, 1971 was 201. Another similar matter that has an increasing impact on property development and the work of the Division is acquisition of land for road improvements. Altogether 252 cases were dealt with during the year, mostly by free surrender. The Division also provides expert witnesses to appear for the Crown before Arbitration Boards and Appeal Tribunals.
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