LF LATEST
Sub-Enclosure No. 2 to Inclosure in Despatch No. 153 of the 34th.
April, 1903,
535
Valuation of Land proposed to be acquired by the War Department in the neighbourhood of Devil's Peak in the Kowloon Territory.
No. Acres. $ cts. Description. (1). 300.47 Area suitable for Reclamations and Land round the Foreshore on the East side of Devil's Peak and along the west shore of Junk Bay, @ 2 cents per square foot. 387,211.83 Crown Rent on 300.47 acres @ $100 per acre capitalised at 25 years purchase, 751,175.00 (2). 99.13 Area suitable for Reclamations and Land round the foreshore on the West side of Devil's Peak and East shore of Kowloon Bay, @ 5 cents per square foot. 215,905.14 Crown Rent on 99.13 acres at $200 per acre capitalized at 25 years purchase, 495,650.00 (3). 56.22 Land under cultivation, compensation assessed by Land Court, @ 1 cent per square foot. 24,489.43 (4). 10 Houses, compensation assessed by Land Court @ $130 each, 1,300.00 (5) Quarries compensation assessed by Land Court at 1,625.00 (6). 1,319.52 Remainder of Land within proposed War Department boundaries @ $100 per acre 131,858.00 $1,949,308.40 Total.The areas, etc., upon which this Valuation is based, must be treated as approximate only as no accurate survey of the whole district on a sufficiently large scale has been made.
(Sd.)..Chathan.
Director of Public Works,
11/3/'03.