1
Mr Fung Wa Chur-i-
19446
A.
vr Lau Chu Pak:-
4)
A.
Mr Shelton Wooper:-
2410.
trouble now".
Mr. Chan Sin Hi
290
19446
Have you not heard some of your own personal friends,
when you advised them to come down to Hongkong to buy
property, say no, that they were afraid of the
Sanitary Roard?
I have not heard my personal friends say so, but I
have heard a great many leading Chinese say so.
19447
Do you care to invest your own money in property now,
according to the existing circumstancen ?
#
It depends if it is cheap. If the property was worth
$10,000 some years ago, and it is offered to me for
$3,000, then I take it.
19448
But supposing, if property was $10,000, some years age, and it is offered to you at $7,000 or $8,000 now, would
you take it •
PUBLIC RECORD OFFICE
Reference:
GO. 537
37
RECORD OFFICE, OUT PERMISSION OF THE PUBLIC REPRODUCED PHOTOGRAPHICALLY WITH- COPYRIGHT PHOTOGRAPH - NOT TO BE
LONDON
A.
I would not dare to.
7.
५५
The Chairman:-
56
A.
A.
19449.
And if this Ordinance had not been passed, then you
would be prepared to give $10,000 for it?
I think I would. I will give you an instance. This is
1906. In 1904, one of my Directors
hought a house
ho
in Bonham Strand West, and one in Wing Lok Street.
That was one house running through, probably about
120 fest. He bought it for $62,500. Now this year,
has bought another one, only two doors away from that
for $42,000, one,
19450 Now you mean to say, Mr Chau, that generally speaking,
the passing of this Ordinance has reduced the value of
property roughly by about a parter to one third, in
the Colony
L
$20,000 gone.
I consider it from 30 to 35 per cent. Look at this
house !
19457
Qa
It is roughly one third off, and you attribute that
to the difficulties and expense to property omers,
by this new Ordinance, - is that so ?