Locality
Land to be given up by the War Department
Area
Sq.feet
Acres
Premium per sq. foot
Crown Rent
Total
Per acre Total capitalized at 25 yrs.purchase
Total Value
Remarks
1) Time Ball Station in front of Water Police Station 45,675 1.04 60¢ 27,405 $600 15,600 43,005 Military Reserves in Kowloon Portions let as Garden Lote 301,687 0.450 135,759 Crown Rent has been Capitalized & included in the premium 135,759 b) Remainder of area after deducting Guz Club Hil1 (1) King's Park 100.00 Nominal value of $1 per acre 100 (11) Building Land 30.15 0.100 131,333 $250 3) Dock Battery 232,000 5.32 0.150 34,800 $350 188,437 46,550 339,770 81,350 3 Portions of Reserve adjacent to Dock Battery required by Dock Company Mount Cochrane 491,550 11.27 0.15¢ 73,732 $350 86,556 $350 98,613 28,962 172,345 115,518Total amount = 867,847
281
(The value of the land for Agricultural purposes subject to the War Department rights of user is infinitesimal and cannot be stated)
(Sgd.) F.H.May, Colonial Secretary.
4.4.03.