Q 20
Church on K.I.L. 2059, Ho Mun Tin.
Seventy European houses on the Kau Lung Tong Estate.
35. Valuations and Resumptions.-The sub-department known as the Valuation and Resumptions Office makes all the property valuations required by the Government for various purposes including the valuations for resumptions for street widening and the development of areas in accordance with the approved Town Planning Scheme. The number of resumptions actually effected during the year is given in the schedule on page 22.
The total number of properties valued for all purposes during the year was 464 with a total value of $21,557,522,
Proceedings under the Crown Lands Resumption Ordinance were carried out as under:-
Lots resumed. Government's offer based on Valuation and Resumption Officer's Valuations. Amount of Claim Submitted. Result of proceedings. K.I.L. 894, Sec. A. $45,830.00 $146,550.00 Board awarded $45,830.00 Tsat Tsz Mui Lots Nos. 5 and 68. $6,890.00 No claim submitted. $6,890.00 Tsat Tsz Mui Lots Nos. 10 and 19. $4,423.00 No claim submitted. $4,423.00 To Kwa Wan Lots Nos. 11, 31 and 39 and G.L. 37 Secs. A and B. $820.63 No claim submitted. $958.38 37 lots on the Kai Tak Reclamation owned by the Kai Tak Land Investment Company and containing a net area of 4,487,400 square feet. $1,001,250.00 $2,000,000.00 No Board sat. The Company ultimately agreed to accept and was paid by Government the sum of $1,001,250 for all the lots with the exception of Secs. L, M and V of N.K.I.L. 133 containing an area of 21,442 square feet.