9
Land Sales.
Land Sales, &c.
4. Land Sales, Extensions, Grants etc.,-The total amount of premia paid into the Treasury during the year was $325,569.79 of which $5,458.25 was derived from fees for boundary stones.
The estimate for the year was $500,000.00.
The following is a comparative statement of the Revenue derived from Land Sales, etc., for the years 1924-1926:
1924 1925 1926 Sales by Auction $736,916.00 $211,797.00 $464,412.55 Sales without Auction $468,282.26 Extensions granted $30,370.50 $155,467.93 Grants on Nominal Terms $55,761.18 Grants on Short Leases... $89,662.78 $112,449.79 Extensions of Short Period Leases to 75 years $20,800.00 $18,846.00 Premia derived from Sale of Rights to erect piers $238.00 $1,280.00 Fees for Boundary Stones to define Lots $7,173.25 $6,593.25 $6,515.50 Conversions and Exchanges $185,605.14 $77,746.93 Total, $1,881,235.20 $541,500.89 $321,511.17 Actual amount of premia paid into Treasury $1,950,812.38 $581,160.88 $325,569.79The difference between the above totals is accounted for by the payment of premium and interest in 1926, and of contributions to forming sewers, &c., in connection with certain transactions arranged during the previous year; and also failure to pay premium on transactions during 1926, refunds and re-adjustments.
5. Sales by Auction.-Three lots were sold in Hong Kong and two in New Kowloon which realized $24,960 and $1,905 respectively. No lots were sold in Kowloon during the year.
The District Officer (South) sold five lots which realized $376.00 and the District Officer (North) sold 164 lots which realized $3,129.50.
9
Land Sales.
Land Sales, &c.
4. Land Sales, Extensions, Grants etc.,-The total amount of premia paid into the Treasury during the year was $325,569.79 of which $5,458.25 was derived from fees for boundary stones.
The estimate for the year was $500,000.00.
The following is a comparative statement of the Revenue derived from Land Sales, etc., for the years 1924-1926 :
Sales by Auction
+
Sales without Auction Extensions granted
Grants on Nominal Terms
Grants on Short Leases...
•
Extensions of Short Period Leases to 75
years
***
***
Premia derived from Sale of Rights to
erect piers
Fees for Boundary Stones to define Lots Conversions and Exchanges
Total,
1924.
1925.
1926.
$
C.
736,916.00 468,282.26
464,412,55
$
C.
211,797.00
c.
30,370.50
155.467.93
55,761.18
89,662.78
112,449.79
20,800.00
18,846.00
238,00
1,280.00
7,173.25
6,593.25
6,515.50
185,605.14
77,746,93
94,334.20
...$1,881,235.20
541,500.89
321,511.17.
Actual amount of premia paid into
Treasury
$ | 1,950,812.38 581,160.88 325,569.79
The difference between the above totals is accounted for by the payment of premium and interest in 1926, and of contribu- tions to forming sewers, &c., in connection with certain transac- tions arranged during the previous year; and also failure to pay premium on transactions during 1926, refunds and re-adjust- ments.
5. Sales by Auction.-Three lots were sold in Hong Kong and two in New Kowloon which realized $24,960 and $1,905 respectively. No lots were sold in Kowloon during the year.
The District Officer (South) sold five lots which realized $376.00 and the District Officer (North) sold 164 lots which realized $3,129.50.
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