rights of aforesaid.
6. It is immaterial at this point of read ... whether the Colony will lease the whole area for building purposes or reserve a portion as an open space for a Park. The essential fact is that the Colony has received a specific ...
Since if I understand it rightly, opening the reservation for some open space and recreation grounds is becoming more & more essential in Kowloon, it is wise to leave as large an area as possible as open space, considering the overcrowded condition Kowloon should withstand friction with building a free parade for a recreation ground.
7. I do not understand the reference to $2,000,000 as the value of the Park in the passage above quoted from Sir Henry Blake's despatch no. 486 and the similar statement in assessing the right to lease the land for building purposes. If instead of realising this asset, the Govt. retains a portion as open space, the result is that the Govt. is able to lease other land in Kowloon which otherwise it would have had ...
As Mr. May puts the value of the bank over a-o building land at $2,000,000, I asked for information on this point, & as to the total area of the Park, in my tels. of the 14th & 22nd Oct. last, vide No. 86 Blake yourman.