leaxes in substitution.

کچھ

At the same time that the present holders appear to attach.

great importance to obtaining there

of permanent building leases most these gentlenver think that little, if any, premium or annual Crown Reut

increase either

on the

should be required of them and in

support of this view

many

have

pointed out to us that the old m

building

leases in Victoria which in

the first days of the Colony

were

granted only for seventy five years,

tvere

subsequently extended to nine

hundred and mively.

without any.

wive

years,

extra payment of.

118

unwillinguees to pay such increased

as we

a

premium or Crown Reut consider reasonable, entirely that laud in Kowloon even on

on the plea

long

temere would be

lo.

of little value.

Looking to the yearly increasing

prosperity and population of the Colony and to the prospective demcured for lovel sites in so aligible a locality

southern end

all the Gardens.

1

as the

of the peninsula where

are situated, we aren

unable to admit that seventy-five n

year building leaseholds at Kowloon would be of

little value, and our___

opinion is confirmed by the.

the evidence

before

us in which

we find

that

any

Kind while others have based their

unwillingness

Garden leaseholds originally purchased

for almost nominal suns

from~ Governeve

}

}

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