}
386
-buildings forced repon the growed sepon its resuming possession at the expiration of the lease, and it was •qually clearly set forth in the Governmunut Notification of of Febreary 1874 that even intr
the 25th
Anees
of re-outry by
the Crown before the - expiration of the 144 year leaves to comp
for buildings would, in any case, $1000.
compensation
cxceed r
$18. From the prices realized in the
*sistance we have cited, and bearing in
mind for how brief, and therefore m comparatively
valueless a tenure in each
case, those priew have been paid, it is
obvious that our -appraisal of the relative
· money-value of 75 year building.
leaseholds at Kmoloon, errs,
if anything,
on the side.
- of morteration, and it is
equally clear that the eums paid by
the
the Garden lot-owners themselves, in their
transactions with each other, completely
refute the
argument advanced by many of these goutleeuen, that permanent -- building leaseholds would,
A poseers but little valve and would not be able to
support
an increased Crown reut.
We have re (Signed) Edw. J. Ackroyd
Chairman
(Signed) J, M. Prine (Signed) ABB. Johnson