9
Land Sales.
Land Sales, &c.
4. Land Sales, Extensions, Grants etc.,-The total amount of premia paid into the Treasury during the year was $325,569.79 of which $5,458.25 was derived from fees for boundary stones.
The estimate for the year was $500,000.00.
The following is a comparative statement of the Revenue derived from Land Sales, etc., for the years 1924-1926:
1924 1925 1926 Sales by Auction $736,916.00 $211,797.00 $464,412.55 Sales without Auction $468,282.26 Extensions granted $30,370.50 $155,467.93 Grants on Nominal Terms $55,761.18 Grants on Short Leases... $89,662.78 $112,449.79 Extensions of Short Period Leases to 75 years $20,800.00 $18,846.00 Premia derived from Sale of Rights to erect piers $238.00 $1,280.00 Fees for Boundary Stones to define Lots $7,173.25 $6,593.25 $6,515.50 Conversions and Exchanges $185,605.14 $77,746.93 Total, $1,881,235.20 $541,500.89 $321,511.17 Actual amount of premia paid into Treasury $1,950,812.38 $581,160.88 $325,569.79The difference between the above totals is accounted for by the payment of premium and interest in 1926, and of contributions to forming sewers, &c., in connection with certain transactions arranged during the previous year; and also failure to pay premium on transactions during 1926, refunds and re-adjustments.
5. Sales by Auction.-Three lots were sold in Hong Kong and two in New Kowloon which realized $24,960 and $1,905 respectively. No lots were sold in Kowloon during the year.
The District Officer (South) sold five lots which realized $376.00 and the District Officer (North) sold 164 lots which realized $3,129.50.