Sir, those of us who are new in this Assembly will soon have to get ourselves accustomed to the regular drivel that is churned out by the ghost writers and the mentors on the other side. 3.00 p.m. The Member's last point, if I may take it first. The implication is that here is a Government which goes out of its way, either willingly or stupidly, to assist foreign capitalists and who treats its own capitalists harshly. He referred to what has already been printed in some political journal of the Barisan Sosialis about the Bajau Land Company. Mr Speaker, Sir, I would like to take advantage of the mathematical virtues of the Member for Jurong at some stage in this session of the House when a Bill with regard to land acquisition and development charges is raised before this Assembly. We are not concerned with whether the land belongs to European capitalists or local capitalists. We are concerned to see that no private land owner benefits as a result of capital expenditure made by the Government - the building of roads, the laying of services, water, gas, electricity, railroads and, in any case, the general increase in the price of land, because land is limited and population increases. The amount of currency increases with the population increase and the increase in wealth; but land does not. All over the world, this is a problem which is faced in all growing communities. Of course, if we were a community falling backwards and land values collapsed, and population dispersed into the hinterland of Malaysia, then different considerations would apply. I want to put to the Member for Jurong certain broad principles which we are trying to apply in a Bill which we shall introduce in this House. The first principle is that nobody should get a windfall because of development at public expense. The second principle is that whenever land is required for a public purpose, the price to be paid for that land should not be higher than what it would have been worth had the Government not contemplated development generally in that area. With these two principles, we are then faced with a constitutional difficulty in that, in the Constitution of Malaysia, there is a provision which says that no land or property can be acquired or requisitioned by the State without adequate compensation being paid, and one has to reconcile the two broad principles I have enunciated, namely, that nobody should benefit as a result of government expenditure and development; and secondly, the principle enunciated in the Constitution. This is a highly complex matter. I am quite sure the Member for Jurong, if he is sincere, will spend some time in Select Committee in working out an ingenious way whereby concerns like the Bajau Land Company, or whatever realty company, does not profit at the expense of the people of Singapore. If the Member is interested in real estate values, one of the ways in which it is possible to control land values is that suggested by my Chief Planner, that land should no longer be freehold and that all land should be leasehold, say, for 66 years or 99 years. So that at the lapse of every 66th or 99th year, as the case may be, the land reverts completely in toto to the State and is then again sold or otherwise disposed of to the public. That is one of the techniques which we could employ. There are certain difficulties as to how and what development charges should be apportioned. One develops Jurong at the cost of several million dollars. How does one apportion the development costs against all the contiguous frontages? The people who own land around the area will naturally profit because the whole of that area becomes a developed area. Certain schemes have been tried in Britain unsuccessfully and have been abandoned. We are studying other schemes which are in operation in Australia, where the technique of the short-term lease has been employed. But the disadvantage there is that nobody builds any house worth while because the land very soon reverts back to the State. Somehow between these two we have to strike a happy mean. But I would like to assure the House that it is our intention to see that no private owner benefits out of public expenditure on land. That is the first principle. When the legislation is passed, it will have retrospective effect. Sir, as to the price that will be paid, the reason why we have increased the sum to $10 million is that there is a contingency of several large purchases for the coming year. We are sanguine enough to believe that after the exposure that the Barisan Sosialis suffered at the hands of the electorate in September this year, they will find it more difficult to try to block our resettlement schemes. There is also a resettlement scheme which the Minister for National Development will soon be announcing, generous terms of cash payments or substitution in kind. That is because we are sanguine enough to hope that - whatever may happen in two or three years' time as the situation develops and the Barisan become more skilful in their techniques of blocking development - they will have considerable difficulty. One, because of the generous terms which we will be offering, and, secondly, the fact that they are suffering from a nervous feeling that they will not be so successful in preventing our redevelopment projects. The price of the development in most of these cases - the market value as at the time of acquisition - will have to be taken into consideration during the passage of this Bill.