Cap. 149 Art. 6Government may not be compelled to acquire lands or buildings.
Nothing in this Act shall be construed as requiring the Government to acquire any land or building comprised in a Special
Development Area:
thereafter and up to the time the land or building is either acquired by the Government or released be entitled to compensation for the loss which he proves to have actually suffered in consequence of the subjection of the land or building to the restrictions imposed by this Act but the amount of such compensation shall in no case exceed an amount equal to five per centum per annum on the value of the land or building, to be determined as in the case of acquisition after taking into consideration of article 4(3). The compensation shall in default of agreement be fixed by the Land Arbitration Board established under the provisions of the Land Acquisition (Public Purposes) Ordinance.
Änderungsgeschichte
- Amended by L.N. 4 of 1963
Verweist auf
- Cap. 149 Art. 4