5 -
leases, we adhere to the contention set forth in paragraphs
46 and 47 of our Report of the 12th January, 1940.
16. We reiterate the contention in our Report of the 12th
January, 1940, that the standard lease in the Cclony being
——
now 75 years with a right of renewal for another 75 years
the non-renewable leases should disappear.
The lessees should
be given a renewal for 75 years on payment of a re-assessed Crown
14
rent.
HONG KONG,
12th September, 1940.
For the Special Committee
العسل الملك
Chairman.