(Copy.)
Evdlsr. 3.-
150
C. O.
10525
RECO
MAY General.
Minute by Surveyor General.
Chief,
In the offer of land at Kowloon by the Acting Governor to the Vice Admiral and Commander-in-Chief, in exchange for the Naval Yard premises on Queen's Road, Hongkong, it was not meant to defray, at the charges of the Colonial Treasury, the cost of reclamations and re-erection of the new Naval buildings.
The excess of area of the large property to be given at Kowloon over that of the smaller property to be relinquished on this side represented a money-value already so large that it was not thought further sacrifice could be equitably imposed on the Colony.
The money value represented by the excess of area was deemed an ample inducement for the Government of the Colony to make the transfer to Kowloon, and if in addition, it were now required to defray the cost of...