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SUMMARY.
23
Mr. Kwik Djoen Eng was induced to modify his
original scheme by two main considerations.
(a) The acquisition at a price of the "area coloured
blue" with a view to recover part of the original frontage
of his property, of which he should never have been
deprived.
(b) The advantage to be gained both for himself and the Colony by making a scheme a part of the Government's much larger and more up to date scheme of development.
Of these "A" should have been granted uncondition-
ally, and probably would have been, if he had stood out for
On the other it, and firmly declined the vertical wall. hand "B" has completely failed since it is obvious that his original scheme would have suited him just as well,
this fragment of the larger one.
To attain these objects he has
as
(c) bought and paid for far more land than he origin-
ally wanted, and yet has little more building space than
he would have had under his original scheme.
(a)
spent on the works more than twice as much as
originally contemplated.
(e)
been delayed about two years with consequential loss of interest (the original scheme would have been
completed in 1925).
In these circumstances he has asked me to put
the following proposition before the Government
(f)
That the Government repurchases the whole area
This is half from him at the price of $7.50 per foot.
the value put on the land by the Director of Public Works
in his letter of the 10th October 1923 No.13 Q.V.
or
(g) Refund to him the difference between the estimated
cost