Land Sales, &c.
6
Land Sales and Surveys.
4. Land Sales, Extensions, Grants, etc.-The actual amount of premium paid into the Treasury during the year was $1,634,097.55, or nearly six times the amount of the Estimate which amounted to $300,000.00.
The following is a comparative statement of the Revenue derived from Land Sales, etc., for the years 1919-1921 :-
1919 1920 1921 Sales by Auction $159,365.37 $390,567.50 $2,754,372.00 Sales without Auction $257.00 $15,402.64 $36,656.50 Extensions granted $93,279.30 $80,785.56 $76,154.01 Grants on Nominal Terms $361.00 Grants on Short Leases... $207.50 $1,868.20 Extensions of Short Period Leases to 75 years $8,316.70 Premia derived from sale of rights to erect piers $4,043.51 $7,860.46 $10,930.57 Fees for Boundary Stones to define lots $1,454.59 $3,109.25 $4,180.25 Conversions and Exchanges $6,861.59 $59,060.60 $32,635.04 Total, $265,468.86 $558,660.21 $2,918,606.07 Actual amount of premium paid into the Treasury $265,468.86 $558,660.21 $1,634,097.55The difference between the above two totals for 1921 is accounted for by:-(1) Inland Lots 2316, 2317, 2318, 2319 (Old Post Office and Old Land Office sites) which were sold for a total of $1,502,310.00; but of this amount $218,000.00 only was paid into the Treasury during the year: (2) Refunds, i.e. various deficient areas, amounted to $999.40; and (3) Readjustments, i.e. various excess areas, amounted to $800.88.
5. Sales by Auction.-Fifty-eight lots were sold in Hongkong, fifteen in Kowloon, and eight in New Kowloon which realised $2,397,021.00; $294,330.00, and $34,000.00 respectively. A sum of $20,000 in respect of the construction of a pier from N.K.I.Ls. 190 and 191 was transferred to Vote "Land Sales" from “Deposits not Available.”
The District Officer at Taipo sold 142 small lots which realised $4,781.00, and the Assistant District Officer at Hongkong 13 lots which realised $4,240.00.