The actual amount of premium paid into the Treasury during the year was $271,804.46 or very much more than the Estimate which amounted to $100,000.00. It included the following sums which do not appear in the above tabulated statement:-
Premium derived from sale of right to erect piers, $4,741.77
Premium on Kowloon Marine Lot No. 90 sold in 1909, 3,957.50
In some cases, the premium for land sold in one year is not received by the Treasury until the following year, thus causing an apparent discrepancy between the Treasury figures and those given by this Department.
The following is a comparative statement of the Revenue derived from Land Sales, etc., for the years 1909-1911:--
1909 1910 1911 Sales by auction, $34,531.00 $17,555.00 $247,507.00 Sales without auction, 829.00 Extensions granted, 5,302.67 1,797.00 Grants on Nominal Terms, 435.45 3,571.20 Grants on short leases, 10,175.69 Permits to occupy land for short periods, etc., Extensions of short period leases to 75 years, Quarry Leases, 14,401.90 28,373.04 Mining Licences, 4,741.77 Premia derived from sale of rights to erect piers, 321.00 Fees for Boundary Stones to mark lots, 470.81 Re-adjustments in Hongkong and Kowloon, 5,670.79 Re-adjustments in New Territories, 176.60 Conversions and Exchanges, 160.00 4,323.56 3,228.50 Premium for Encroachments, Kowloon, 171.00 Premium on Kowloon Marine Lot No. 90, sold in 1909, 3,957.50 Total, $56,520.14 $63,730.38 $271,407.46 Actual amount of premium paid into the Treasury, $40,665.14 $63,848.26 $271,804.46* Includes an amount of $15,830.00 to be paid by four equal annual instalments, the first of which was not paid until January, 1910. A payment of $25 for boundary stones for the lot was also made in January, 1910.
3. Sales by Auction.-One lot at Taipo was sold by the Public Works Department but the sale was afterwards cancelled and the sum of $100 deposited as a guarantee for the fulfilment of the purchase was forfeited. The Assistant District Officer at Taipo sold 137 small lots which realized $3,896.00 and the Assistant District Officer at Hongkong 39 small lots which realized $1,127.00.