in perpetuity,

I must

observe that the subject-

does not admit of any

claim of right. Neither

Capt Elliot nor Mr. Johnston

were armed with

any

authority to dispose of the

public lands, and it

was expressly announced

by the former Officer, under whom the principal Sales took place, that they

must be subject to Her

Majesty's pleasure. But

it has of

course

been

the wish of Her Majesty's Government to deal with

the holders of these lands equitably.

22

equitably; and the only question is whether the

leases that have been decided

sufficiently effect this object. It is at least

some presumption in

their favour, that without

concert the same

terms

should have been adopted

at or

nearly

the same Moment

by myself in this country,

and by

Officers

in

Hong Kong,

and

Sir H. Pottinger has pointed

out

on

his own

authority gentlemen who ... .

Some

of

the subject, that

at the recent public sales

higher prices had been

voluntarily given than

they

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