Short-term Tenancies
5.25. About $5.6 million was received from this form of tenure, double that for the previous year. The total revenue from this form of tenure, together with that for permits, was therefore raised by a total of about $1 million over last year's figure.
Land Transactions
5.26. The following is a summary of the various categories of land transactions which were completed, giving a total of 908 cases as against 934 in the previous year:
Hong Kong Kowloon Kowloon (Including Kwun Tong) Total (1) Land Sale by auction and tender 15 28 96 139 (2) Private Treaty Grants 13 10 18 41 (3) Exchanges & Extensions 41 17 13 71 (4) Modifications 25 22 19 66 (5) Modification of Building Covenant 49 29 264 342 (6) Regrants of 75-year non-renewable leases 3 ... 168 171 (7) Leases on annual rental 19 10 49 78Revenue
5.27. Details of the premia derived compared with the previous year are given in Appendix J.
Premia received since 1851
5.28. The following is the table of premia received from Sales of Crown Land in the Colony (including the New Territories) from 1851 to the present:
Period Total 1851-1860 $262,839.00 1861-1870 ... 1871-1880 $477,908.14 1881-1890 $125,097.53 1891-1900 $856,160.12 1901-1910 $2,501,053.65 1911-1920 $2,839,324.49 1921-1930 $2,715,724.38 1931-1941 (25th December) $17,053,140.35 1946-1947 ... 1947-1948 $12,936,727.68 ... $180,367.80 ... $9,104,861.33 ... $55