dealing with then
Chinese Owners who
are
not dispossessed
then that indicated
by the H.R. in his despatch
The 30 Apr 1862, viz
by regranting
their
Land free of expense,
under a Lease of 999 years only,
at the same rent
as
they had before paid to the Crown.
3. In differing
Date of Reversion
I understand their view.
With minute on
Saunders' memo to the Military Executive 4.10.-
I think that in Kowloon the Colonial
Government will act wisely in limiting the duration of building
Leases to such
a short period
as
will be
sufficient to encourage
the construction
of handsome & substantial
buildings, reserving
to the Colony
a
reversion
which when it
falls in will be
of great
Value to the Revenue.