Land Sales, &c,
Q 6
Land Sales and Surveys.
4. Land Sales, Extensions, Grants, etc.-The actual amount of premium paid into the Treasury during the year was $558,660.21, or nearly three times the amount of the Estimate which amounted to $200,000.00.
The following is a comparative statement of the Revenue derived from Land Sales, etc., for the years 1918-1920 :—
1918 1919 1920 Sales by Auction $202,675.30 $390,567.50 $159,365.37 Sales without Auction 547.40 257.00 15,402.64 Extensions granted 77,359.20 93,279.30 80,785.56 Grants on Nominal Terms 4,300.00 Grants on Short Leases 4,300.00 Extensions of Short Period Leases to 75 years 2,086.50 207.50 1,868.20 Premia derived from sale of rights to erect piers 4,559.82 4,043.51 7,860.16 Fees for Boundary Stones to define lots 1,639.45 1,454.59 3,109.23 Conversions and Exchanges 3,560.32 6,861.59 59,066.60 Total, $296,727.99 $496,670.99 $558,660.21 Actual amount of premium paid into the Treasury $301,760.87 $265,468.86 $558,660.215. Sales by Auction.-Twenty-four lots were sold in Hongkong, eleven in Kowloon and four in New Kowloon, which realised $103,234.20, $70,060.00 and $209,115.00 respectively. The District Officer at Taipo sold 146 small lots which realised $6,690.50 and the Assistant District Officer at Hongkong 33 lots which realised $1,467.80.
6. Sales without Auction.-Seven lots were sold under this heading in Hongkong and realised $11,582.60. There were no sales in Kowloon nor in New Kowloon, but four lots were sold in the New Territories for a total sum of $2,266.04. The District Officer at Taipo sold 104 lots which realised $809.00 and the Assistant District Officer at Hongkong 21 lots for a total sum of $745.00.