28
durance.
Offices etc. and pa.
latial private houses are n
often
built land leased
on
for 75 to 99 years:
(b) in Hongkong, where men
come and
go, 75 years
would
as a rule cover three generations:
C houses
as built for Chi. namen at least will not last
more than 75 years:
(d) unless the Government
wishes to resume the land
on
the expiration of a 75 years lease, the question of compen_-
sating
(
29
339
sating the tenant for improve
ments will not arise, because I assume that here, as elsewhere,
if the lessee wishes to renew at
on the prevailing
Comes
in-
a rent based value of land, the Government
· will grant him the first offer.
(e) the public good before the private gain of dividuals and it therefore to be just that the Colony general and not the particular -man should get the advan. tage of the unearned increment.
seems
in
13.