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interest in this land has been mutually determined. (b) That the value of the land to be transferred

to the War Department, according to the terms of

the exchange, shall be assessed by an independent

valuator and recorded in the Colonial Military

Lands Account.

2. Mr Brodrick desires to observe that in agree-

ing to a settlement of No. 2 exchange apart from the

others, he does so on the understanding that Mr Secretary

Chamberlain will endeavour to effect a settlement of the

other exchanges within a reasonable time on the basis

of a balancing of credits and debits as determined by

independent valuation.

3.

A further commaication will be made regarding

the proposed People's Park at Kowloon.

*

*

I have the honour to be,

sir,

Your obedient Servant,

Endrund

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