Land Sales, &c.
Q 8
The following is a comparative statement of the Revenue derived from Land Sales, &c., for the years 1913-1915 :--
1913 1914 1915 Sales by Auction, $238,245.00 $209,322.00 $24,736.00 Sales without Auction, 29,621.69 6,247.50 8,589.80 Extensions granted. 11,278.16 16,265.65 7,044.88 Grants on Nominal Terms, Grants on Short Leases, Extensions of short period leases to 75 years, 12,100.00 21,883.06 Premia derived from sale of rights to erect piers, 51,099.96 Fees for Boundary Stones to mark lots. 1,519.00 2,261.30 Re-adjustments in Hongkong, Kowloon and New Territories, 1,482.50 Conversions and Exchanges, 351.25 Premium for Encroachments, 8,274.12 4,023.19 Premium for permission to build upon portions of Kowloon Marine Lots Nos. 10 and 11, 3,380.10 Total. $296,495.20 $268,409.23 $96,976.33 Actual amount of premium paid into the Treasury, $297,089.10 $268,476.27 $96,977.606. Sales by Auction.-Two lots in the New Territories were sold by the Public Works Department, viz., New Kowloon Rural Building Lot No. 2, which realized $180.00, and Fanling Lot No. 5, which realized $150.00. The Assistant District Officer at Taipo sold 234 small lots, which realized $8,816.00, and the Assistant District Officer at Hongkong 21 lots, which realized $840.00.
No. of Lot Area in square feet. Crown Rent. Premium. Rate realized, I.L. 4,206.00 $194.00 15 c. per sq. ft I.L. 4,086.00 $140.00 20 c. 28,037 20,432 2:38 2139The following are details of the principal Land Sales :-
7. Sales without Auction.-There were two items under this heading in Hongkong. One is a small plot adjoining I.L. 1280, containing an area of 2,726 square feet, which was sold to the Dairy Farm Co., Ltd., to enable them to extend their Town Depôt, the premium paid being $6,815.00 and the Crown rent $38.00 per annum. The other is Quarry Bay Inland Lot 10, which contains an area of 15,480 square feet, and which was granted to Messrs. Butterfield & Swire in 1909 subject to the nominal rent of $1.00 per annum, for the purpose of erecting a hospital for their employees. As the hospital was found to be unnecessary, Messrs. Butterfield & Swire applied to have the lot converted into an ordinary Building Lot for the erection of dwellings and this was done subject to payment of a sum of $928.80 as premium and to a Crown rent of $72.00 per annum. The Assistant District Officers at Hongkong and Taipo sold 187 lots in the New Territories by private treaty.