4.
5.
348
price, the
ava
-applied for by the Aduciral
and Commodore would, if leased to n private pertice, bring in ₤20410or ~
$9.792 a year,
which capitalized ph
12 years'
purchase, au counts to ₤ 24,480...
The aggregate anter
esalece therefore of
this area is £46, 700_a valuation which is not based upon fancy prices
of
but upon the incontestable evidence of the actual cash transactions tlinee
years ago, between the Colonial Government and private purcturess. The character of teabed, the depth of water over the same, and the description of foreshore being about the same in both
evrees, there
are tio
that the value.
gronceds for assuming
the land and water
of the
now desiderated by the Admira
is
any less than the land and water
(
sold to Mess!: Sassoon, Chater, Woodiu
and the others.
I notice that the plan transcuitted
by Commodore Morant proposes to take
in also the
·d main roads,
e proposed
shewn listed prick, in the annexed
071
the
tracing . In the general plane, lines of which the peninsula of Kowloon is being laid out year after year,
roade are-
the urain channels of
Communication
along.
these
the western
coast. If closed, the euline district to
of
the northward, will be shut out and
rendered inxcccesible from
the Southern
portion, except by a long detour
round the Eastern side
of the Military
Cantonments. Any proposed to close these roads would
therefore be .
AL
serious matter to the public who
sold
44
have