377
tenure. As long
as the land is violen
D
fived required for public purposes, Government will no doubt adhere to whatever promises may have been made to him, but we consider
that We Dueuphreys cannot, without
a dequate payment, expect to occupy porenauently a large portion of most..... valuable building land which is practically lying idle, nor can he, without such
adequate payment, expect to obtain the perincement form of lease to which he has
no claine.
5. the Humphreys puck provinently. forward the object for which he want a
fixed tecure, ucenely, to erect small residences for Europeans of limited means. This is a praiseworthy object, and one which we are
Government will do all it can to promote, but if it is to influence the Brown next to be
charged
charged, it is only right not to overlook the
fact that once Mr. Humphreys has obtained · his lease, there would be nothing to prevent
hie
or
building other houses, selling his lease,
-putting the land to
any
other uses that
better suit his interests.
may
b.
With these
e general observations eve will on to rotire some of the special poink raised by M. : Humphreys.
pass
Whereas the Peak
lok have been of late years put up to writ
auction at au uspect price of $435, bod. per.
acre, or one cent per square foot,
the
premium for Kowloon, recouvreuded in?
Diere
Report of the 10th
$217.80 per
acte or
of July last, is only
-halfa
a cent per square
foot. In other words, we have in that
report recommended for the peninsula,
a valuation for premium not 50 per might be realized for Peak lok at auction, but 50 per cont cent lower than the
(lower
Atrere
upset price.
at