Land Sales, &c.
8
The following is a comparative statement of the Revenue derived from Land Sales, etc., for the years 1914-1916:
1914 1915 1916 Sales by Auction $209,322.00 $24,736.00 $213,171.00 Sales without Auction $6,217.50 $8,589.80 $76,215.56 Extensions granted $16,265.65 $7,044.88 $21,137.95 Grants on Nominal Terms Grants on Short Leases Extensions of Short Period Leases to 75 years $210.00 Premia derived from sale of rights to erect piers $21,883.06 $51,099.96 $35,209.02 Fees for Boundary Stones to mark lots $2,261.30 $1,482.50 $1,502.20 Re-adjustments in Hongkong, Kowloon and New Territories Conversions and Exchanges $8,274.42 $4,023.19 $2,712.56 Premium for Encroachments Premium for permission to build upon portions of Kowloon Marine Lots Nos. 10 and 12 $4,155.30 $558.60 Total $268,409.23 $96,976.33 $350,716.89 Actual amount of premium paid into the Treasury $268,476.27 $96,977.60 $350,716.896. Sales by Auction.-Twelve lots were sold in Hongkong and three in Kowloon which realized $62,992.00 and $83,834.00 respectively. The District Officer at Taipo sold 144 small lots which realized $64,084 and the Assistant District Officer at Hongkong 17 lots which realized $2,261.00.
The following are details of the principal Land Sales:
No. of Lot Area in Crown sq. ft. Annual rent Premium Rate realized K.I.L. 1304 9,870 $136 $43,000.00 $4.36 per sq. ft. K.I.L. 1301 40,480 $464 $40,480.00 $1.00 I.L. 2166 17,000 $176 $12,100.00 $0.71 I.L. 2154 52,366 $360 $10,473.00 $0.20 I.L. 2173 I.L. 2158 1,046 $18,093 $8,220.00 $7.86 19 $124 $5,400.00 $307. Sales without Auction.-In New Kowloon, an area of about 226.92 acres, comprising foreshore and sea-bed in Kowloon Bay, was disposed of for reclamation purposes in connection with a scheme for providing a residential district for better-class Chinese.