Q 7
Land Sales.
Land Sales, etc.
4. Land Sales, Extensions, Grants, etc.-The total amount of premia paid into the Treasury during the year was $146,242.24 of which $3,308.50 was derived from fees for boundary stones. The estimate for the year was $300,000.
The following is a comparative statement of the Revenue derived from Land Sales, &c., for the years 1925-1927 :-
1925 1926 1927 Sales by Auction, $211,797.00 $30,870.50 $39,840.50 Sales without Auction, $155,467.93 $55,761.18 $50,038.31 Extensions granted, $89,662.78 $112,449.79 $22,334.87 Grants on Nominal Terms, Grants on Short Leases, Extensions of Leases, $20,800.00 $3,321.00 Premia derived from sale of rights to erect piers, $233.00 $1,280.00 $564.20 Fees for Boundary Stones to define Lots, $6,593.25 $6,515.50 $3,575.25 Conversions and Exchanges, $77,746.93 $94,334.20 $44,425.70 Total, $...$541,500.89 $321,511.17 $161,099.83 Actual amount of premia paid into Treasury, $581,160.88 $325,569.79 $146,242.24The difference between the above totals is accounted for by the payment of premium and interest, and of contributions to forming sewers, &c., in connection with certain transactions arranged during the previous year as well as refunds and re-adjustments, and the failure to pay premium on transactions in 1927.
5. Sales by Auction.-No lots were sold in Hong Kong during the year. Two lots were sold in Kowloon and one lot in New Kowloon which realized $26,940.50 and $8,100 respectively. The District Officer (South) sold 16 lots which realized $375 and the District Officer (North) 174 lots for $4,425.
6. Sales without Auction.-Seven lots were sold under this heading in Hong Kong, the amount realized being $45,867.75. One lot in Kowloon realized $782 and another in New Kowloon $630. The District Officer (South) sold 29 lots which realized $1,666 and the District Officer (North) 91 lots for which $1,092.56 was realized.