Land Sales, &c.
The actual amount of premium paid into the Treasury during the year was $268,476.27 or somewhat more than the Estimate, which amounted to $250,000.00. It included the following sums which do not appear in the above tabulated statement:--
Premium derived from sale of right to erect piers,
Fees for Boundary Stones to mark lots,
Premium for permission to build upon portions of K.M.L.s 10 and 11 (1,458 sq. ft.),
Hongkong and Kowloon Wharf and Godown Co.'s property,
$21,883.06
2,261.30
1,155.30
A sum of $165.00, being rent erroneously paid on Kowloon Permanent Pier No. 12 from 1st July 1912 to 30th April 1914, was refunded to the Hongkong and Kowloon Wharf and Godown Co., Ld., as Kowloon Marine Lot No. 9, opposite which the pier stood, had been resumed by Government in 1912 for the Railway Terminus. Another sum of $588.58, being premium ($535.07) and Crown rent ($53.51) from 1st January 1915 to 5th August 1915, was refunded to the licensee of the pier opposite Waterloo Road, Kowloon, as Government contemplated the introduction, in the beginning of 1915, of new arrangements with regard to this and other piers used for ferry purposes.
In some cases payments for land sold in one year do not reach 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 1912-1914.
1912 1913 1914 Sales by Auction, $135,401.45 $238,213.00 $209,322.00 Sales without Auction. 1,262.40 29.62 6,247.59 Extensions granted, 4,207.93 (2) 11,278.16 16,265.65 Grants on Nominal Terms, 4,125.00 Grants on Short Leases, 6,450.00 Extensions of short period leases to 75 years, 12,100.20 Premium derived from sale of rights to erect piers, 1,501.00 21,883.06 2,261.30 Fees for Boundary Stones to mark lots, 2,261.30 Re-adjustments in Hongkong and Kowloon, 5,030.90 Re-adjustments in New Territories, 351.25 Conversions and Exchanges, 8,566.00 Premium for Encroachments, 3,380.10 Premium on Kowloon Marine Lot No. 90, sold in 1909, 4,155.50 Premium for permission to build upon portions of Kowloon Marine Lots Nos. 10 and 11. 1,155.30 Total, $166,604.68 $296,495.20 $268,409.23 Actual amount of premium paid into the Treasury, $167,492.68 $297,089.10 $268,476.27