work as it stands is as follows:-
Preliminary expenditure and Consulting Engineers' fees to date....
.$16,899
Expenditure on dredging to date.
.$286,700
Less value of Dredger (un- -gold).
140,000
------
Him Tai's tender....
Estimated cost of supervision...
146,700
..2,018,002
120,000
$2,301,601
Deduct value of reclaimed land for sale...
66,240
Net cost..
2,235,361.
In addition to this sum the owners of Kowloon Marine Lots
29, 30, and 31 have claimed $276,000 for "injurious affect-
-ing" by those works. The amount of these claims is re-
-sisted by the Government and will in due course form the
subject of arbitration.
I have the honour to be,
Sir,
Your most obedient,
humble servant,
Slugar
Governor,&c ..
495