HONG KONG, 1911.
207
13
on the majority of the articles has not yet been received. In a report on tea-seed cake, however, he stated that the article was likely to lead to business, as two firms were satisfied with the price and wished to be put in communication with exporters of the cake.
The key to the flora of Hong Kong, the New Territories, and Kwang-tung Province is now in course of publication. The editor of the Journal of Botany was unable at the last minute to accept it for publication and it is now being published by the Director of the Royal Gardens at Kew as an additional series of the Kew Bulletin.
(c.) LAND GRANTS AND GENERAL VALUE OF LAND.
The net amount received from sales of Crown land and pier rights after deducting expenses of sales was $270,005, an increase of $207,319 on the previous year and $149,170 more than the average amount received for the last five years. Of this amount $4,741 was received in respect of the sale of various pier sites and extensions to existing piers, $5,899 was received in respect of sales of land in the New Territories, and the remainder from sales of new lots of Crown land and grants of extensions to existing lots in the island of Hong Kong and Old Kowloon. The chief items were received in respect of the sales of inland lots 1892 and 1901, which realised $34,600 and $80,100 respectively.
There has been a considerable increase in the number of building lots in the city sold by the Government during the year, 18 lots having an area of 7a. 3r. 354p. having been sold for a premium of $234,767, as against six lots with an 1r. 191p. and at a premium of $4,776 for the previous year.
There has again been a very considerable increase both in number and value of private properties which have changed hands during the year, the purchase moneys having exceeded those of the previous year by over six million dollars. There is a good demand for residential houses on the lower levels and in many instances a considerable rise in prices has been obtained, which may be accounted for by the large number of Chinese gentry who have invested in house property in the Colony during the latter part of the year. There is a considerable demand for good mortgage securities with a tendency to accept a reduced rate of interest.
Sales of vacant Crown lands in the New Territories continue even and consist chiefly of small building sites at prices ranging from 1 to 2 cents a foot and land for purposes of cultivation at from to cents a foot.
III.-LEGISLATION.
Sixty-five Ordinances were passed during 1911, of which 41 were amendments to other Ordinances and five were connected with the revision of the Ordinances of Hong Kong now being carried out by the Chief Justice (Sir F. T. Piggott, Kt.).
1904-1919
HONG KONG, 1911.
207
13
on the majority of the articles has not yet been received. In a report on tea-seed cake, however, he stated that the article was likely to lead to business, as two firms were satisfied with the price and wished to be put in communication with exporters of the cake.
The key to the flora of Hong Kong, the New Territories, and Kwang-tung Province is now in course of publication. The editor of the Journal of Botany was unable at the last minute to accept it for publication and it is now being published by the Director of the Royal Gardens at Kew as an additional series of the Kew Bulletin.
(c.) LAND GRANTS AND GENERAL VALUE OF LAND.
The net amount received from sales of Crown land and pier rights after deducting expenses of sales was $270,005, an increase of $207,319 on the previous year and $149,170 more than the average amount received for the last five years. Of this amount $4,741 was received in respect of the sale of various pier sites and extensions to existing piers, $5,899 was received in respect of sales of land in the New Territories, and the remainder from sales of new lots of Crown land and grants of extensions to existing lots in the island of Hong Kong and Old Kowloon. The chief items were received in respect of the sales of in- land lots 1892 and 1901, which realised $34,600 and $80,100 respectively.
area of
There has been a considerable increase in the number of build- ing lots in the city sold by the Government during the year, 18 lots having an area of 7a. 3r. 354p. having been sold for a premium of $234,767, as against six lots with an 1r. 191p. and at a premium of $4,776 for the previous year.
There has again been a very considerable increase both in number and value of private properties which have changed hands during the year, the purchase moneys having exceeded those of the previous year by over six million dollars. There is a good demand for residental houses on the lower levels and in many instances a considerable rise in prices has been obtained, which may be accounted for by the large number of Chinese gentry who have invested in house property in the Colony during the latter part of the year. There is a considerable demand for good mortgage securities with a tendency to accept a reduced rate of interest.
Sales of vacant Crown lands in the New Territories continue even and consist chiefly of small building sites at prices ranging from 1 to 2 cents a foot and land for purposes of cultivation at from to cents a foot.
III.-LEGISLATION.
Sixty-five Ordinances were passed during 1911, of which 41 were amendments to other Ordinances and five were connected with the revision of the Ordinances of Hong Kong now being carried out by the Chief Justice (Sir F. T. Piggott, Kt.). This
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