In view of the delay of payment Jot charges by "land "owners, the Bureau of Land of the Shanghay Cty Government has drawn up measures {o allow. certain discounts to. those eho make payment within 2 period thee months, or in instalments The Bureau also has drawn ures for a reduction of land trons:
Terence taxes, According, io the charges for excessive land, in cases already acted Spon but sill" unsoftted, 30 per tent. reduction will be. given for a Single payment "made. within one month rom the date of public natie= tion; 25 per cent, for a single pay mont within two. months; and. 20° per cent. for a. single payment—within three months, After three months original prices will be charged. plus Jinterest to. be "calculated. from "the date of public notification at Sie rate jot 8 por cent, per mensem for the Special districts; 6 per cent. per mensem for. the. urban areas, and. 4 Der cent, per mensem for suburban reas, Ié 8 haltepayment. is made within one. month, a discount of 25 per cent. will be given forthe sum ala; 20 per cent, for a Nalf-payment made in' two months: and 13. per ent. for a half-payment made "in three months. The payment of the second half may be extended over a Period of three years in ease the land Ties within, the "special districts; rears for and within urban Areas; and eight, years for. suburban land, No interest wil be charged, however, Transference of Ownership The Bureau orders that, in case of transfer of the ownership. of the land, the total amount of chazyes in arrears must be cleared by one single \payment. Land certificate will be issued after the payment of the charges in full. Owners of estates containing excessive land on which feonstructions have been erected. or which has already been leased out {for building purposes, must, at least, make due arrangement within a per-lod of three months for instalment payment.
'According to regulations for the charges for public land under private occupation, a 20 per cent. discount will be given fora single payment made within one month from the date public notification, and 15 per een' within two months. "When a halt payment is made within one mont While the other half is to be pald up within {wo months, a discount of 7 per cent, will be allowed on the frst halt and 15 per cent. on the Jalter half; in case the second half is to be paid up within a period of three four mantis, a discount of 10 per cent. and per cent, ig to be granted lin the respective cases. When two half-payment are made within period of two months, a discount 15 per cent. will be granted on th. frst half and 10 per cent. on second half; or 8 per cent. on the second half if it tx made within 2 peried of four months. In eases rt niblie land lying in Kaohong, Luhon Yangehing, and Tsangekivo district, occupied by private owners unde [Ministry certifeates, for which full fees have been paid, a further diseourt of 10 per cent. in addition to the discounts mentioned above will ranted.
Text read from the printed page and cleaned; old type leaves the occasional error.