Enclosure No. 1.
RECEIVED
1206T 1971
OL
The Colonial Secretary to move
That this Council approves the payment
from the funds of the Colony of a sum of $2,000,000
to the Lords Commissioners of the Admiralty in
return for the surrender to the Hong Kong
Government of the Naval Arsenal Yard and Kellet
Island, payment of the said sum being regulated as
follows:-
In 1931 $500,000 of which $236,259 is
chargeable to Praya East
Reclamation Funds.
In 1932 $1,000,000.
In 1933 $500,000.
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