on the basis of the restricted development and so be considerably lower. If at a later date the lessee wishes to redevelop his lot more intensively he can apply for a modification of the lease restrictions and pay the full increased development value in a lump sum within a specified time, not being later than the date of the first assignment of the whole or part of the property. The re-assessed Crown rent would however remain unaltered.
41. In connexion with all Conditions of Sale, Regrant, Exchange, etc., close liaison is maintained with the Colonial Secretariat and the Crown Lands and Survey Office, and so far as possible all major questions arising in the course of scrutiny are discussed and decided at weekly meetings of the Superintendent of Crown Lands and Survey, the Principal Assistant Colonial Secretary (Lands) and the Registrar General or his representative. After the terms have been agreed, the Land Office is responsible for having the Conditions duly executed by the lessees.
42.
The New Territories Section of the Registrar General's Depart- ment operating in the New Territories Administration Headquarters scrutinized and commented on 374 draft Conditions of Sale etc. relating to New Territories lots.
Sale of Flats in Uncompleted Buildings
43. The Conditions of Sale of new lots and Exclusion Orders made under the Landlord and Tenant Ordinance after 20th December 1961 contain clauses prohibiting the owners from entering into agreements for the sale of units in uncompleted buildings without the prior consent of the Registrar General and then only in conformity with any conditions imposed by him. During the year 290 applications for such consent were received, and 302, including some received in 1963–64, were approved on certain conditions. 40 applications were withdrawn and 139 were pending at the end of the year.
44. During the year a case of unauthorized sale of flats occurred resulting in serious consequences for the owner. The case related to a lot purchased by a company at a Crown Land auction, the Conditions of Sale containing the usual prohibition, inter alia, of sales or agreements for sales of units in uncompleted buildings except with the Registrar General's consent and subject to such conditions as may be imposed by him. By arrangement with the company owning the lot, another company, acting as the owner's agent, proceeded without the Registrar General's consent to issue to prospective purchasers on payment of
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