04
The actual amount of premium paid into the Treasury during the year was $40,665.14 or very much less than the Estimate which amounted to $150,000. It included the following sums which do not appear in the above tabulated statement:--
Premium derived from sale of right to erect piers, Fees for Boundary Stones to mark lots, Re-adjustments in Hongkong and Kowloon, ..... Premium for encroachments, Kowloon, Premium for conversion into Building Lots, N. T.,
$14,401.90 321.00 5,670.79 171.00 160.003. Sales by Auction.-There was only one lot in the New Territories sold by the Public Works Department,-it realized $500. The Assistant Land Officer at Taipo sold 187 small lots which realized $3,175, and the Assistant Land Officer at Hongkong 66 small lots which realized $1,405.
The only sale worthy of special mention was that of Kowloon Marine Lot No. 90, To Kwa Wan, which contained about 105,000 square feet. Under the conditions of sale the purchaser had the option, of which he availed himself, of paying the amount of the premium in four equal annual instalments, the outstanding sums bearing interest at the rate of 7 per cent. per annum. The sale did not take place until practically the close of the year and the first instalment was not paid until 1910. None of the other sales which took place were of sufficient importance to justify the insertion of details.
4. Sales without Auction.-The only items under this heading were two Garden Lots in Hongkong (Nos. 32 and 33), the areas of which were 2,500 and 3,520 square feet respectively.
5. Extensions granted.-The extensions granted in Hongkong comprised two small areas of 683 and 225 square feet respectively, both adjoining Inland Lot No. 1,300.
The extension in Kowloon consisted of an area of 718 square feet adjoining Kowloon Inland Lot 1,211 which was granted in exchange for House No. 1, San Shan, resumed in connection with the New Cattle Depôt.
8. Grants on Nominal Terms.-These consisted of an area of 2,480 square feet in Stone Nullah Lane granted to the Chinese Public Dispensaries Committee, an area of 4,125 square feet as an extension to the Corinthian Yacht Club's ground at Wanchai and an area adjoining the Kun Yam Temple at Hunghom, Kowloon, for a Chinese Dispensary.
7. Grants on Short Leases.-There were two in Hongkong, viz., Inland Lot 1,689 opposite the Central Market, area 23,520 square feet, let by tender for 3 years from 1st November, 1909, and Inland Lot 1,758a, consisting of the old Harbour Office, area 8,352 square feet, let for 5 years from April, 1909. There was only one in Kowloon (Kowloon Inland Lot 1,144-old tile factory), area 9,900 square feet, which was let for 1 year.
04
The actual amount of premium paid into the Treasury during the year was $40,665.14 or very much less than the Estimate which amounted to $150,000. It included the following sums which do not appear in the above tabulated statement:--
Premium derived from sale of right to
erect piers,
Fees for Boundary Stones to mark lots, Re-adjustments in Hongkong and
Kowloon,
.....
Premium for encroachments, Kowloon, Premium for conversion into Building
Lots, N. T.,
$14,401.90
321.00
5,670.79
171.00
160.00
3. Sales by Auction.-There was only one lot in the New Territories sold by the Public Works Department,-it realized $500. The Assistant Land Officer at Taipo sold 187 small lots which re- alized $3,175, and the Assistant Land Officer at Hongkong 66 small lots which realized $1.405.
The only sale worthy of special mention was that of Kowloon Marine Lot No. 90, To Kwa Wan, which contained about 105,000 square feet. Under the conditions of sale the purchaser had the option, of which he availed himself, of paying the amount of the premium in four equal annual instalments, the outstanding sums bearing interest at the rate of 7 per cent. per annum. The sale did not take place until practically the close of the year and the first instalment was not paid until 1910. None of the other sales which took place were of sufficient importance to justify the insertion of details.
4. Sales without Auction.-The only items under this heading were two Garden Lots in Hongkong (Nos. 32 and 33), the areas of which were 2,500 and 3,520 square feet respectively.
5. Extensions granted.-The extensions granted in Hongkong comprised two small areas of 683 and 225 square feet respectively. both adjoining Inland Lot No. 1,300.
The extension in Kowloon consisted of an area of 718 square feet adjoining Kowloon Inland Lot 1,211 which was granted in exchange for House No. 1, San Shan, resumed in connection with the New Cattle Depôt.
8. Grants on Nominal Terms.-These consisted of an area of 2,480 square feet in Stone Nullah Lane granted to the Chinese Public Dispensaries Committee, an area of 4,125 square feet as an extension to the Corinthian Yacht Club's ground at Wanchai and an area adjoining the Kun Yam Temple at Hunghom, Kowloon, for a Chinese Dispensary.
7. Grants on Short Leases.-There were two in Hongkong, ris., Inland Lot 1,689 opposite the Central Market, area 23,520 square feet, let by tender for 3 years from 1st November, 1909, and Inland Lot 1,758a, consisting of the old Harbour Office, area 8,352 square feet, let for 5 years from April, 1909. There was only one in Kow- loon (Kowloon Inland Lot 1,144-old tile factory), area 9,900 square feet, which was let for 1 year.
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