Q 7
Land Sales.
Land Sales, etc.
4. Land Sales, Extensions, Grants, etc.-The total amount of premia paid into the Treasury during the year was $146,242.24 of which $3,308.50 was derived from fees for boundary stones. The estimate for the year was $300,000.
The following is a comparative statement of the Revenue derived from Land Sales, &c., for the years 1925-1927 :-
1925 1926 1927 Sales by Auction, $211,797.00 $30,870.50 $39,840.50 Sales without Auction, $155,467.93 $55,761.18 $50,038.31 Extensions granted, $89,662.78 $112,449.79 $22,334.87 Grants on Nominal Terms, Grants on Short Leases, Extensions of Leases, $20,800.00 $3,321.00 Premia derived from sale of rights to erect piers, $233.00 $1,280.00 $564.20 Fees for Boundary Stones to define Lots, $6,593.25 $6,515.50 $3,575.25 Conversions and Exchanges, $77,746.93 $94,334.20 $44,425.70 Total, $...$541,500.89 $321,511.17 $161,099.83 Actual amount of premia paid into Treasury, $581,160.88 $325,569.79 $146,242.24The difference between the above totals is accounted for by the payment of premium and interest, and of contributions to forming sewers, &c., in connection with certain transactions arranged during the previous year as well as refunds and re-adjustments, and the failure to pay premium on transactions in 1927.
5. Sales by Auction.-No lots were sold in Hong Kong during the year. Two lots were sold in Kowloon and one lot in New Kowloon which realized $26,940.50 and $8,100 respectively. The District Officer (South) sold 16 lots which realized $375 and the District Officer (North) 174 lots for $4,425.
6. Sales without Auction.-Seven lots were sold under this heading in Hong Kong, the amount realized being $45,867.75. One lot in Kowloon realized $782 and another in New Kowloon $630. The District Officer (South) sold 29 lots which realized $1,666 and the District Officer (North) 91 lots for which $1,092.56 was realized.
Q 7
Land Sales.
Land Sales, etc.
4. Land Sales, Extensions, Grants, etc.-The total amount of premia paid into the Treasury during the year was $146,242.24 of which $3,308.50 was derived from fees for boundary stones. The estimate for the year was $300,000.
The following is a comparative statement of the Revenue derived from Land Sales, &c., for the years 1925-1927 :-
1925.
1926.
1927.
$ 0.
C.
C.
Sales by Auction,
211,797.00
30,870.50
39,840.50
Sales without Auction,
155,467.93
55,761.18
50,038.31
Extensions granted,
89,662.78
112,449.79
22,334.87
Grants on Nominal Terms,
Grants on Short Leases,
Extensions of Leases,
20,800.00
3,321.00
Premia derived from sale of rights to
erect piers,
233,00
1.280.00
564.20
Fees for Boundary Stones to define Lots,
6,593.25
6,515.50
3,575.25
Conversions and Exchanges,
A da
77,746.93
94,334.20
44,425.70
Total,
...$
541,500.89
321,511,17 161,099.83
Actual amount of premia paid into
Treasury,
$ 581,160.88 325,569.79 146,242.24
The difference between the above totals is accounted for by the payment of premium and interest, and of contributions to forming sewers, &c., in connection with certain transactions arranged during the previous year as well as refunds and re- adjustments, and the failure to pay premium on transactions in 1927.
5. Sales by Auction.-No lots were sold in Hong Kong during the year. Two lots were sold in Kowloon and one lot in New Kowloon which realized $26,940.50 and $8,100 respec- tively. The District Officer (South) sold 16 lots which realized $375 and the District Officer (North) 174 lots for $4,425.
6. Sales without Auction.-Seven lots were sold under this heading in Hong Kong, the amount realized being $45,867.75. One lot in Kowloon realized $782 and another in New Kowloon $630. The District Officer (South) sold 29 lots which realized $1,666 and the District Officer (North) 91 lots for which $1,092.56 was realized.
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