for each year since 1946/47; Table II, the numbers of instruments registered by categories for each year since 1953/54; and Table III, the total considerations on the Assignments, Mortgages, and Reassign- ments registered for each year since 1947/48. From Tables I and II it will be seen that the numbers of instruments registered have risen sharply over the past few years. The increase in the number of assign- ments is mainly attributable to the recent construction of many huge blocks of flats, the flats in which are sold off individually and so become in effect separate properties.
Stamp Duty
6. The increase in the amount of the total considerations expressed ia instruments registered has ben reflected in an increase in the amount of stamp duty paid from $10,427,000 in 1956/57 to $14,684,000 in 1957/58.
Sales and Grants of Land
7. Altogether 342 Agreements for the sale or grant of Crown land were registered as follows:
Conditions of Sale
Conditions of Extension Conditions of Exchange Conditions of Grant
Conditions of Renewal
---
་ ་ -
+
66
22
21
65
168
342
Crown Leases
8. 189 Crown Leases were issued during the year as follows:
Hong Kong Island:
Inland Lots, Hong Kong
Rural Building Lots
Kowloon:
-
93
16
109
52
Kowloon Inland Lots
New Kowloon :
New Kowloon Inland Lots
Grand Total ...
28
189
Table I shows the numbers of Crown Leases issued annually since
1946/47.
3
No comments yet.
Private notes are available after approval.