Sessional_Paper_1947 — Page 155

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GOVERNMENT'S STATEMENT ON HOUSING.

21st August, 1947.

Government is prepared to allocate building sites, including particularly Jardine's Lookout and Kowloon Tsai, for building schemes by private treaty at a reduced premium which will vary in accordance with the control or limitation to be exercised on the profits to be derived from any particular scheme. Special consideration will be given to bona fide nonprofit making associations. Sponsors of building schemes are invited to submit technical and financial plans in respect of particular areas in as full detail as possible to the Director of Public Works within six weeks from the date of this announcement.

2.

A condition of the grant by private treaty of any lease at reduced premium to permit building in accordance with the needs of the community will be that the leases cannot be sold nor the accommodation let or sub-let without specific approval of Government for a period of twenty years from the date of issue.

3. Government is further prepared to alienate by private treaty at reduced premium available individual building sites to citizens who desire to build their own homes. The conditions of alienation will include stipulations barring resale or sub- letting without permission for a period of twenty years. A further condition of application will be that the applicant undertakes himself to live in the house he proposes to build. If there are two or more applicants for any one site it will be awarded by ballot.