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Covernment with the rent of Spring Gardens, and when the site is sold the Colony will make a corresponding entry on the debit side.
4.
In these circumstances Your Lord-ship will I think concur with me that the proposal of the War Office that in the event of the sale of Spring Gardens and the re-imposition of the Crown Rent, the Colony should credit the War Department with the capitalized value of the Crown Rent is not tenable.
Al
I have the honour to be,
My Lord,
Your Lordship's most obedient,
humble servant,
Hongkong
Governor, &c..