Page 5
The actual amount of premium paid into the Treasury during the year was $63,848.26 or very much less than the Estimate which amounted to $100,000. It included the following sums which do not appear in the above tabulated statement:-
Premium derived from sale of right to erect piers, Re-adjustments in Hongkong and Kowloon, Re-adjustments in New Territories, Premium for conversion of Agricultural Lots into Building Lots, New Territories, Premium on Kowloon Marine Lot No. 90 sold in 1909,
$28,373.04 470.81 176.60 4,323.56 3,957.50
In some cases, the premium for land sold in one year is not received by the Treasury until the following year, thus causing an apparent discrepancy between the Treasury figures and those given by this Department.
The following is a comparative statement of the Revenue derived from Land Sales, etc., for the years 1908-1910 :-
Premium. 1908. 1909. 1910. Sales by auction, $16,945.58 $34,531.00 * $17,555.00 Sales without auction, $3,127.00 Extensions granted, $19,340.66 $829.00 $435.45 Grants on nominal terms, $5,302.67 $3,571.20 Grants on short leases, Permits to occupy land for short periods etc., Extensions of short period leases to 75 years, $16,156.30 Quarry Leases, Mining Licences, Premia derived from sale of rights to erect piers, $13,782.02 $490.46 $14,401.90 $321.00 $28,373.04 Fees for boundary stones to mark lots, $883.50 Premium for permission to build upon portion of Kowloon Marine Lot 11 (310 sq. ft.), Hongkong & Kowloon Wharf & Godown Co.'s property, $5,670.79 Re-adjustments in Hongkong & Kowloon, $170.81 $176.60 Re-adjustments in New Territories, $160.00 $4,323.56 Premium for conversion into Building Lots, New Territories, Premium for encroachments, Kowloon, $171.00 Premium on Kowloon Marine Lot No. 90 sold in 1909, $3,957.50 Total, $70,725.52 $56,520.14 $63,730.38 Actual amount of Premium paid into the Treasury, $70,420.27 $40,665.14 $63,848.26* Includes an amount of $15,830.00 to be paid by four equal annual instalments, the first of which was not paid until January, 1910. A payment of $25 for boundary stones for the lot was also made in January, 1910.
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Page 361
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- P 5
The actual amount of premium paid into the Treasury during the year was $63,848.26 or very much less than the Estimate which amounted to $100,000. It included the following sums which do not appear in the above tabulated statement:-
Premium derived from sale of right to
erect piers,
Re-adjustments in Hongkong and
Kowloon,
Re-adjustments in New Territories,... Premium for conversion of Agricul- tural Lots into Building Lots, New Territories,.
Premium on Kowloon Marine Lot No.
90 sold in 1909,
$28,373.04
470.81
176.60
4,323.56
3,957.50
In some cases, the premium for land sold in one year is not received by the Treasury until the following year, thus causing an apparent discrepancy between the Treasury figures and those given by this Department.
+
The following is a comparative statement of the Revenue derived from Land Sales, etc., for the years 1908-1910 :-
Premium.
1908.
1909.
1910.
$
$
$
C.
Sales by auction,
16,945.58
34,531.00 *
17,555.00
Sales without auction,
3.127.00
Extensions granted,
19,340.66
829.00 435.45
5,302.67
3,571.20
Grants on nominal terms,.
Grants on short leases,.
Permits to occupy land for short periods
etc.,
Extensions of short period leases to 75
years,
16,156.30
Quarry Leases,
Mining Licences,
Premia derived from sale of rights to
erect piers,.
13,782.02
490.46
14,401.90 321.00
28,373.04
Fees for boundary stones to mark lots, Premium for permission to build upon portion of Kowloon Marine Lot 11 (310 sq. ft.), Hongkong & Kowloon Wharf & Godown Co.'s property,...... Re-adjustments in Hongkong & Kowloon, Re-adjustments in New Territories, Premium for conversion into Building
Lots, New Territories,
883.50
5,670,79
170.81
176.60
160.00
4,323.56
Premium for encroachments, Kowloon, Premium on Kowloon Marine Lot No. 90
sold in 1909,
171.00
3,957.50
Total,
70,725.52 56,520.14
63,730.38
Actual amount of Premium paid into the
Treasury,
..$
70,420.27
40,665.14
63,848.26
* Includes an amount of $15,830.00 to be paid by four equal annual instalments, the first of which was not paid until January, 1910. A payment of $25 for boundary stones for the lot was also made in January, 1910.
Page 360Page 361
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