Land Sales.
Land Sales, etc.
5. Land Sales, Extensions, Grants, etc.-The total amount of premia paid into the Treasury during the year was $1,940,300.35 of which $6,509.00 was derived from fees for boundary stones. The estimate for the year was $1,000,000.00.
The following is a comparative statement of the Revenue derived from Land Sales, &c. for the years 1927-1929:
1927 1928 1929 Sales by Auction $39,840.50 1,369,356.00 1,252,933.36 Sales without Auction 50,038.31 299,146.23 640,007.32 Extensions granted 22,334.87 91,948.56 21,846.48 Grants on Nominal Terms 1.00 Grants on Short Leases 3,321.00 Premia derived from sale of rights to erect piers 564.20 Fees for Boundary Stones to define Lots. Conversions and Exchanges 3,575.25 44,425.70 5,961.75 908.96 57,855.31 1,292.50 7,705.75 149,329.72 Total 164,099.83 1,825,172.81 2,073,115.13 Actual amount of premia paid into the Treasury $146,242.24 1,642,106.87 1,940,300.35The difference between the above totals is accounted for by the payment of premium and interest in 1929, and also failure to pay premium on transactions during 1929, refunds and re-adjustments.
6. Sales by Auction.-Ten lots in Hong Kong, 36 lots in Kowloon and 32 lots in the New Territories were sold during the year realizing the sums of $178,130.00, $744,611.86 and $323,218.00 respectively.
The District Officer (South) sold 14 lots which realized $426.00 and the District Officer (North) 214 lots for $6,547.50.
7. Sales without Auction. —Seventy-two lots in Hong Kong (including 68 lots on the Praya East Reclamation), 2 lots in Kowloon and 221 lots in the New Territories, (including 219 lots on the Kowloon Tong Estate) were sold during the year realizing the sums of $355,407.75 for Hong Kong and $281,768.69 for New Territories. There was no premium on the 2 lots in Kowloon.
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