GENTLEMEN,
Macao, 17th June, 1841.
Having had under my consideration the particulars of the first sale of lots in Hongkong on the 14th instant, I am of opinion that I shall be consulting the best interests of the establishment in making immediate public declaration of my purpose to move Her Majesty's Government either to pass the lands in fee simple for one or two years' purchase at the late rates, or to charge them in future at no more than a nominal quit-rent, if that tenure continue to obtain.
My own object respecting the disposal of lands, pending the pleasure of Her Majesty's Government, was, to secure to firms and all other persons, British and foreigners, having permanent interests in the country, sufficient space for their necessities, at moderate rates, with as little competition as might enable parties to accommodate themselves according to their respective wants.
I feel assured, upon attentive reflection, that steady adherence to this rule will be found most conducive to the well understood interests of the establishment, and to the fair claims of persons on the spot. Parties falling within the description I have specified, not yet supplied with lots, will soon be in a situation to accommodate themselves.
May I request you, Gentlemen, to circulate this letter.
I have, &c.
CHARLES ELLIOT,
Messrs. Jardine, Matheson & Co., & Messrs. Dent & Co.