"
495
they have requested that two sites in the Taipingshan Dis-
-trict marked 'A' and 'B' on the enclosed plan and compri-
-sing an area of 5,232 and 2,700 Square Feet respectively
may be reserved for their use. The estimated value of the
land in premium (at$2.50 per Square Foot and Capitalised
Crown Rent at the rate of $700 per acre) is $21,650.
3.
It is proposed that site 'A'
should have erected on it a building to contain lecture
rooms,
laboratories, libraries, offices, etc., and that a
detached dissecting room and anatomy lecture room should
be built on 'B'. 'A' has at present a matshed on it for
the temporary housing of Sanitary Department Coolies; 'B'
is unoccupied. There are no other available sites so well
adapted for the requirements of the College. They are
easily reached from the centre of the City and are
conve-
-niently placed with reference to the Government Civil
Hospital, the Tung Wa Hospital, the Bacteriological
Laboratory and kindred institutions.
I propose therefore subject to
your approval to reserve this land for the College for a
period of five years on the understanding that if at the
termination of that period the College has raised a sum
equivalent to the value of the land the free grant of the
sites