SIS
na nevi, id paku piger 8 janu jreuper oj osis me I
and of juga ed jam troqar a fand zebro ni oldianoq as time
„reddam erit no yalankubá
„ode ovari I
,92000 vaimetė (.)
„Vinderomě Lairodo) .neşi art
OPY.
No. 2.
Sir,
Colonial Secretary's Office,
Hongkong, 6th. May, 1912.
213
In reply to your letter No. 339 of April, 1912,
on the subject of sites for the erection by the Admiralty of stor- -age tanks for oil fuel, I am directed to inform you that sites B and C are not available, the former being intended for the railway terminus and the latter being privately owned, but that there is no objection to the disposal of site A for the purpose.
2.
The Colonial Government would however desire to
take advantage of the opportunity to improve the alignment of Canton Road at this point which is at present far from satisfactory In this connection I enclose a plan showing the proposed new lot edged in red together with the proposed diversion of Canton Road in firm red lines. The portion of Kowloon Marine Lots Nos. 35 and 41 which it is proposed should be surrendered by the Admiralty for the purpose of the improvement of the road is edged in blue.
3.
The following are the terms on which the
Colonial Government would be prepared to recommend to the Secretary of State for the Colonies the alienation to the Admiral- -ty of the area edged in red:-
(i). Premium on 183,170 sq.ft. at
I per square foot
Crow Rent on 188,170 sq.ft. at
the rate of $500 per acre
82,160 per annum capital- -ized at 4% or 25 years pur- -chase
$188,170.
Total value
54,000
* 8242,170
=
18,233
= $223,937
Deduct value of area edged in
lue, 14,167 sq.ft. at 81.287 per sq.ft.
Capitalized value
(ii). The temure to be a freehold one similar to other
lands occupied by the Admiralty.
: