Land Sales, etc.
10
was
5. Land Sales, Extensions, Grants, etc.-The total amount of premia paid into the Treasury during the year $2,896,225.30 of which $9,006.75 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 1928-1930.
1928 1929 1930 Sales by Auction 1,369,356.00 1,252,933.36 2,005,515.00 Sales without Auction 299,146.23 640,007.32 Extensions granted 91,948.56 21,846.48 663,396.20 62,320.68 Grants on Nominal Terms 1.00 Grants on Short Leases Premia derived from sale of rights to erect piers 903.96 1,292.30 59,729.40 Fees for Boundary Stones to define Lots, Conversions and Exchanges 5,961.75 7,705.75 9,006.75 57,855.31 149,329.72 144,465.61 Total $1,825,172.81 2,073,115.13 2,943,727.14 Actual amount of premia paid into the Treasury $1,642,106.87 1,940,300.35 2,896,225.30The difference between the above totals is accounted for by the payment of premium and interest in 1930, and also failure to pay premium on transactions during 1930, refunds and re-adjustments.
6. Sales by Auction.-Eighteen lots in Hong Kong, 40 lots in Kowloon and 30 lots in the New Territories were sold during the year realizing the sums of $555,250.00, $955,403.00 and $473,980.00 respectively.
The District Officer (South) sold 18 lots which realized $718.50 and the District Officer (North) 139 lots for $20,163.50.
7. Sales without Auction.-One lot in Hong Kong, 14 lots in Kowloon and 28 lots in the New Territories, (including 26 lots on the Kowloon Tong Estate) were sold during the year realizing the sums of $522,395.00 for Kowloon and $136,437.57 for New Territories. There was no premium on the lot in Hong Kong.