529
hon our
over to report that, under the restrictions imposed by the Colonial Government, and considering the : very depressed state of building property at this place in consequence of the
are urow.
war between France and China, and the
fact that European buildings
Sam being created in another direction, infonned that at present the Brooke Cottage property would not sell for more than $18,945 being at the rate of 50 cents per foot super; though, a few gecers ago, if there had been no restriction, nearly $2 a foot might have been obtained.
I have, therefore,
been strongly advised by the most competent judges of building property to postpone the sale
favourceble time, and in
until a uore/
the meanwhile to obtain a relaxation of the restriction alluded to.
Brooke
Brooke Cottage
on Haud Land Nr. 108 is
situated between the Caine Road and Staunton Street.
Caine road is a respectable thoroughfare, of
and almost all the buildings in it are
a
high European class; and with respect
to the upper half of Lot 101, I would not ask for any relaxation of the Colonial Office regulation that houses for Chinese occupation should not be allowed here; but with respect to the lower half of on Staunton Street the property abetting the case is different, Staunton Street is: very inferior, and convists principally of buildings of a low class, and the adjacent lot to Brooke Cottage is used,
of for Chinese dwellings and, therefore, pous as good
a rest that a much higher price could be obtained for it than if any
such
restriction