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In the reply to this Letter the following Number should be quoted.
12090 12232/92
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73560
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16492
RECE
Red: 18 UC 92
TREASURY CHAMBERS,
17
August 1892.
144
The Lords Commissioners of Her Majesty's Treasury
· have had before Them your letter of the 25th ultimo, and the
preceding correspondence sent to them by the War Office,
respecting the valuation to be set upon Military land in
Hong Kong when surrendered by the War Department to the
Colonial Government-, a point on which a difference of
opinion has arisen between Lord Knutsford and the Secretary
of State for War, and which Mr Stanhope wishes to submit for
the decision of the Treasury, whilst Lord Knutsford would
prefer either the arbitration of the Lord Chancellor, or a
reference to the Law Officers of the Grown, because the
question is one between the Imperial and Colonial Exchequam
on which My Lords are interested parties.
Under the agreement arrived at by Her Majesty's
Government on the recommendation of the Colonial Military
Contributions Committee, and communicated by the Colonial
office to the Colonies in a Circular Despatch of the 9th
June 1890, when Colonial Military land, occupied by the
Military Authorities without any title deed, or conveyed to
the Board of Ordnance or Secretary of Stats for War by
grant from the Crown signed by the Governor, for purposes
of Defence, is no longer required for those purposes, it is
to be surrendered to the Colonial Government, on payment
of its estimated value in kind or money, if that value be
immediately required for the Military Defence of the Colony,
or, if not, on sondition that the Government agrees to hold
its recorded value at the time of transfer, or its actual
proceeds if subsequently sold, at the disposal of the War
Department
he Under Secretary of State,
Colonial Office.