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MILITARY-LANDS.
Continued from Page 2)
The proposition now is: What is the value of these military lands
FRIDAY, FEBRUARY 8, 1924.
proceeds, namely that part of the'mends to this Council and to the money which is received from the Colony the adoption of the resolo- sale of the Military lands, will be tion before us to-day. Available for reimbursing the Colony in pect of the cash paid out for Military reprovisioning.
Before I sit down I wish to ax- press the great obligation the Colony is under to His Excellency the General Ofcer Commanding and Colonel Day, for their in- valuable co-operation in bringing these difficult negotiations to what I might hope to be regarded a successful conclusica. (Applause). The Attorney General: I beg to second the resolution.
A General Slump ander these conditions, namely, I, when the land is ready fur that we prepare for the next two sale, the Government places, and years to pay out up to $17,000,000. conditions being normal, be and after a period of three years 'such rates as it will fezeb, there will, we begin to receive these military large quantity upon the market at lands, reduce them very largely,'general slump in land values which anyway up to 45 per cent. in size will upset all calculations based up-
Questions in Committee. by road-making, spend a con- on the past. records of land sales:: siderable sum in laying them out which records could not
The Hon. Mr. Pollock: I under- therefore stand that if this Council goes into and then sell them for what they form any criterion as to the values Committee. unofficial members will fetch? I will put some figures before hon. members in which would be received for the might be allowed to put a few this connection. I think some of lands in the circumstances suggest questions. A number of questions them have heard of salling forward ed. If on the other hand the Mili have occurred to me, and I will for March. Well, this operation is tary lands are offered at the prices now formally move that the Coa something of the same nature. A then prevailing in respect of similar ell go int: Committee. syndicate of well-known business property, the Government contends! Hon. Mr. P. H. Holyoak second- men in January, 1923, bought a that all past experience goes to ed.
local property for $350,000, sub prove that the land will be taken a Committee the Hon. Mr. ject to a five years lease. In Jan-up very slowly and that very many relates to the plan of the military Pollock said: My first question nary, 1924. they paid £200,000 more.
elapse before it
years must
fab
Ilan I should like to kn.w
to be released from that five years possibly recover from" sales of the whether the plan was that sent for lease. I am not putting forward
the figures as absolutely accurate, Military lands the neney, with in the consideration of unoticial but simply roughly for the purposes, terest, which it shall have laid out members? of argument. They were prepared in Military reprovisioning Expen
The Colonial Secretary: Yes. to pay $550,000 for immediate pos-'sive Crown land has never found a
Hoa. Mr. Pollock: The next session of the land, for which ready market in normal times. The question I want to ask is what they would pay $350,000 for Old Post Office site WRL 00 the approximately, will be the cost of possession in five years. That is market for a number of years, and reprovisioning? a proportion of seven to eleven.
jis did not find a buyer until late in The Colonial Secretary: It is 1921. In 1910 the Government pro- rather difficult to say. The Gov- Applying the Example. Now, we will take Murray bar Powd to put the 'enclaph site up'emment's estimate is that it will tess than this Bum of racks on the same principle. The to antion as a marine let at a be
Crest sum awarded by Sir John Oakley is
The prospective purchaser $17,000,000. We have on the one also the 22. a fout Tuke off wo per cent, would not bid at this rate, and it side the £114,000, and and. I think, at least that might was decided that $25 would be come eli-for roads, the value works sufficient apses price. The prospec out at $1.50 a fot Well on this tive purchaser's agen: was uncertain same argument of the juture val whether he would hid at this redue if we sell that in four years time the rd rate, and the matter was allowed visioning will be less than that
credit of this land beyond Laichi- kok: setting against this the 17 million d liars owing, that leaves a debit balance of about 15 million dollars. The total cost of repro-
sum. I ought also to menice
been the
value we must get is 837.30 a foot drop There has been very little for that land she prepared to demand for vacant Crown land at that it was partly arranged with building. Or I will
Korhon Point, which has Like some
War Office that Whe unoccupied for many years igures of actual sales which were
repm.vision fully whatever thel In put before Sir John Oakley.
Other Land.
cost may be. If we do not use thei 1519 the Government
"Before the Military lands ran be whole of the debit balance on this bought Beaconsfield Arcade and the build. ready for the market, very large reprovisioning," the military an- ings upon it for $0.52 a foot. In areas of new building land along thorities will call upon us for the 1920 the site where the Club the Eastern Praya and to the north remainder of that balance for Luisitano now stands was bought of the Kowloon Peninsula be future works.
Reserves or Current Revenues, for LD" a fout At the end of available.
The Hon. Mr. Pollock: I should
1921 the old Post Office site was sold Any estimate of the value that like to ask if the 13 million dol for at a foot-that is exclusive should be Exed upon the Military lars will have to be paid out of of roads. In April 1923, Wiseman's lands, depends mainly upon the current revenue? site was sold fur 49 a foot.
opinion which is formed regarding The Colonial Secretary: We have Take the old Post Office site of the future course of events in the reserves to a very large amount. 26.00 foot. Now
Past history shows a re Hon. Mr. Pollock: Is it then pro- the present Coloss
of Our value, at 7 per cent, if it was to be word of steady and continuous pro posed to reprovision ost sold at that rate after five years, gross, with temporary booms and reserves? would be $375 a foot. The present reactions, and no argument has been value of the old Pist Office site, it advanced to show that future pro- gress will not be along similar lines would be sisal a foot. Take 3lur. It is possible to estimate with ray Parade ground on the same approximate accuracy
it is to be realised in ten
years,
both
The Colonial Secretary: It is net master for patting up any very large sum at once. Payment will go on of course, as buildings pre- gress, and will no doubt, be pat the before the Council in due course..
principle. Taking that a foot, period of time over which the Colony We have cash in hand.
the price given taking off for roads, will be disbursing money and also Hor. Mr. Pollock: Yes, we have the value, as I have said, is also the period of time within which the cash in hand. The point I want ja foot. Take off the half dollar to Military lands will be handed over; particularly to emphasise is that
leaves a value of a fout,
fur that are
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allow for Crown rent, which will but it is hardly possible to gauge I understand that it will not be a there will be no necessity to wait be reimposed for the land. that with any pretence at certainty the book entry. We shall have to find until the military have removed.
money somehow. Another If number of years which will elapse the
H.E. the Officer Administering we are out of our money for Ave before the Colony, by re-sale of the paint is, can the Colonial Secretary the Government: Quite.
give us the figures relating to the Hon. Mr. Pollock: I should now
FANLING COMPETITIONS. years we must get Bazen a foot for lands, will finally recover its money, Murray Parade Ground, Murray like to ask whether, in the event FL If we are out of our money for with interest. That the period will
Barracks and the land across fo this resolution being accepted.
The following are the results of ten Fears we must get a foot be a long one is certain On the Queen's Road. In the agreement the Government will consider the the various Competitions held at Our $17,000.0m will evidence of past history, which is of March, 1922, were they cos-question of bringing out consider- Fanling during the Chica New joot, of course, be spent at once. It the holy definite evidence available. siderably less than the figures now able staffs in sufficient time for
Year Holidays: will be distributed, as I have shown, the period, will cover so very many put before us? Could the Colonial them to deal with this very coa- Captain's Cup Qualifies and aver a considerable period of years: years that interest upon the Colony's Secretary give us these gares?. siderable quantity of land which wins Optional Pool, A. H. Fer- hut at the same time it must disbursements becomes
The Colonial Secretary: I will will then be at the disposal of the guson, 75 less 2-73 net. predumi- necessarily take us a very lung nating factor most materially affect send them to you.
Government. In this way a cer- Special Medal Round-Winner, Hoz. Mr. Pollock: Then, Sir, tain amount of interest would be Col. B. A. Hill, 74-scratch 74 net. period to get back that money ing the rates which are now fixed as
another question is, what were the saved which we put out. In the 20 years, representing the ultimate cash re
(Equalling competition record for totals for the land sales of 1921,
H.E. the Officer Administering the Old Course). 1901-1920 inclusive, we got altoge turn from the Military lands."
1922, and 1923 respectively?
the Government: We are preparing. Mixed ther five and a half million dollars |
Foursomes Winners, The Colonial Secretary: For The Colonial Secretary: There is Col. and Mrs. B. A. HII, 85–6-79 from land sales. How long will it The agreement arrived at locally 1921, 1922, and the first nine one point which occurs to me, net. take us to get back 817,000,000 from does not differ much from that of months of 1923 they were Beven though It does not arise directly
Other scores were: the sales of these military lands Sir John Oakley's figures, except million dollars. That is up to the out of the hon. member's question. apart from the ordinary land sales as regards Murray parade ground, time of Sir John Oakley's arbitra-Various persons have asked me
Mrs. Fitzroy Williams and Mr. of the Colony I will read extracts Murray barracks and the small tion.
why there is no separate charge in E. Grimble, 30-9-80 net. Hon. Mr. Pollock: Then does the this raluation for buildings. The Mr. and Mrs. Redmond, 39-8 from-a-statement of the Govern areas Einting on Queen's Road,
ment's case which was put before a large part of which small areas cost of reprovisioning include the reason is that the land, with, for 81 net. the arbitrator.
will be wiped out by the widening cost of laying-out?
example, Murray Barracks on it, The Colonial Secretary: Yes. The is less valuable than with the Ireland, 91-8-83 net
Miss McGregor and Mr. H. U.. of Queen's Road to 100 feet. The The Government's Case.
rates for definition of reprovisioning is: Barracks removed. The cost of two "Evidence has been called as to difference in the
Bogey Pool: Winner, A. H. Fex- Murray Parade ground and Murray Reprovisioning connotes the plac- removal is about equal to the cost the probable period which Inst
guson, 2 up. very large. Youring of the troops in a position in of the building. In the case of a lapse before the whole of the land barracks was
Junior Championship. The beat surrendered can be disposed of by that we shall easily get our money primarily strategic needs, and also and use it, we should have to pay 83, A. H. Lay 89, D. McLaren 90, optimist might no doubt tell us way less advantageous than building such as a hospital, how- their present position as regards,ever, if we were to take it over
scores in the qualifying round kale or otherwise. It has been, back. That is a matter of opinion,
were: G. Murray 85, A, Morrison,
All Entrants qualified, as only 30 entries were received.
sales, which totalled in the twenty and it is most difficult to make any houses, communication, water for the land and the building T.-T. Oakes 91, T. Ramsay 91.
| separately.
shown that in the years 1801-1902 in definite statement.
and general; The inhabitlight, recreation clusive there were no great ductusants of a few years back would amenities."
Public Works Problem.
-No Agreement in 1922. Hon. Mr. Pollock: Could the
tions in the sums received from land regard as incredible the present years approximately 83,300,000 It day prices. It is merely a matter Hon. Mr. Pollock: I suppose the] has been shown that in the years of guesswork what the future has military authorities assuming we Colonial Secretary tell us whether 1981 and 1922 and the first nine in store for us. I submit, how support this resolution, and it is Sir John Oakley, in making his percentage should be added to that Public award, took into consideration the old valuation to be acceptable, months of 1923 the receipts from ever, "it is of immense indirect tarried-will allow the
Works staff of the Colony full question of the interest the
There was no actual agreement
The Colonial Secretary: It was
land sales approximated to a total benefit to the Colony that we liberty to survey this land so that Colony would lose by not having drawn up. I would like to make of 87,000,000. The Government sub-should get pissession of these the Public Works Department may possession of this land for many that point clear. mits that, when the demand of the military lands in order that we be in a position to advise the Gor-years. present boom is satisfied, there is may get proper through communi-ernment in regard to putting up
The Hon. Mr. Pollock: I would no ground for supposing that re cations and develop the Colony on the land for sale..
pui before him in an elaborate like to ask for an adjournment for week. My Unbüicial colleagues ceipts from land sales during the s natural lines. It is perhaps HE the Officer Administering series of Agures,
fortunate that these lands have the Government: You do not mean following twenty years will be
HE. the General Officer Com, will meet me at 12 o'clock on been held so long, as it were, in anrveying, you are referring to manding: Meation has been made Munday text, and by Thursday we appreciably greater than the receipts during the years 1901-1920.
trust by the military authorities, the laying out. Undoubtedly the of an agreement of 1922 That thall be in a position to lay our "Sales during the years after the that at the present time we military will grant all facilities. agreement was not really an agree views before the Council.
have learned from the severe When the resolution has been passement. It was a recommendation EE the Officer Administering Military lands are ready for the lesson of the mistakes of the pasted, it will be the first thing to from the military authorities here the Government: The discussion market will not be confined to those and are ready to lay them out for consider.
So to the War Ofice to accept as a an the fesolation will continue zr laids, but will, as heretofore, be the development of the Colony on Ham. Mr. Follock: I mean, Sir, basis of negotiation certain, the next meeting of the Council, spread over areas in all parts of the the most up-to-date lines. The that I suppose the lay out could be figures agreed on for valuation, which will be on "Thursday_ne Colony A proportion only of the Government conndently recom-made almost fimmediately, and and also the question of how much The Council stands adjourned.
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