Q 7
Land Sales, &c.
The following is a comparative statement of the Revenue derived from Land Sales, etc., for the years 1921-1922:-
1920 1921 1922 Sales by Auction $390,567.50 $2,754,372.00 $1,198,308.00 Sales without Auction $15,402.64 $36,656.50 $152,451.91 Extensions granted $80,785.56 $76,154.01 $46,842.23 Grants on Nominal Terms $36,100 Grants on Short Leases... $1,868.20 $3,316.70 Extensions of Short Period Leases to 75 years ... Premia derived from sale of rights to erect piers $7,860.46 $10,930.57 $2,907.05 Fees for Boundary Stones to define lots $3,109.25 $4,180.25 $4,523.25 Conversions and Exchanges $59,066.60 $32,635.04 $10,857.12 Total $558,660.21 $2,918,606.07 $1,415,890.36 Actual amount of premia paid into Treasury $558,660.21 $1,634,697.55 $2,720,665.615. Sales by Auction. Forty-five lots were sold in Hongkong, twelve in Kowloon, and eight in New Kowloon, which realized $811,609.00; $215,420.00 and $119,153.00 respectively.
The District Officer (North) sold 149 small lots which realized $40,402.00, and the District Officer (South) 8 lots which realized $4,010.00.
6. Sales without Auction.-Five lots were sold under this heading in Hongkong and realized $80,199.00. In Kowloon, two lots were sold which realized $51,089.84. Two instalments were also paid into the Treasury on account of the sale without auction last year of Kowloon Inland Lot 1461 (Peninsula Hotel site).
In the New Territories, Sheung Shui Inland Lot 3 was sold for $1,779.00, and, in addition, the District Officer (North) sold 171 small lots which realized $1,029.00. In Hongkong, the District Officer (South) sold 8 small lots for a sum of $38.00.
7. Extensions Granted.-The extensions granted in Hongkong comprised additional areas to Inland Lots 2153, 1911, 2158, 2314, 2138, 2139, 2385, 2386, 2070, 1523, 1834, 1529, 2205, 2380,