HONG KONG, 1912.
241
17
stations, and public buildings in various parts of the Colony. In addition to this, an area of 1,025,600 square feet was cleared for the military authorities at their expense.
For the purpose of making surveys, an area of 1,962,010 square feet was cleared for the Public Works Department.
The first and second rice crops were fair. Lichees were cheap and plentiful.
Reports were received from the Director of the Imperial Institute upon samples of vegetable products forwarded to him from Hong Kong during the year 1911. The most important of these were afterwards submitted to the Hong Kong Chamber of Commerce for perusal. A supply of camphor oil, which had been favourably reported upon, was sent to the Imperial Institute for distribution among various firms.
The Key to the Flora of Hong Kong, the New Territories and Kwang Tung Province has been published by the Director of the Royal Gardens, 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 $163,784, being a decrease of $106,221 on the previous year and $42,485 more than the average received for the past five years. Of this amount $8,145 was 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 and sales of pier rights in the island of Hong Kong and Old Kowloon. The chief item was the sale of Inland Lot 1918, a building site of 59,700 square feet at Morrison Hill, within the City, which realized $47,500.
In addition to the above, the Hong Kong & Kowloon Wharf & Godown Company, Ltd., were granted Kowloon Marine Lot No. 91 (the former Police Chamber), containing an area of 84,246 square feet, at the price of $288,778, the Government accepting in exchange a surrender from the Company of a part of their property to that value in lieu of cash. The Government resumed 10 acres 0 rood 10 poles of land at Kowloon from the Hong Kong & Kowloon Wharf & Godown Company, Ltd., and the Hong Kong Land Reclamation Company, Ltd., for the purpose of the terminal railway station. The total compensation paid in cash and land by way of exchange amounted to $1,762,657.40.
The year was chiefly noted for the sale of a considerable number of building lots adjacent to the City, chiefly in the neighbourhood of Kennedy Road, on which blocks of European style residences are being erected by the purchasers.
There has again been a considerable increase both in number and value of private properties which have changed hands. The total purchase moneys paid amounted to $19,029,986 as against $15,343,234 for the previous year. The prices given in many instances appear to be much above the value of the property as an investment, whilst in other cases the value of property adjoining has remained more or less stationary. Many old buildings have been pulled down and have been rebuilt with modern terraces and dwelling houses for the accommodation of the better class
1904-1919
HONG KONG, 1912.
241
17
stations, and public buildings in various parts of the Colony. In addition to this, an area of 1,025,600 square feet was cleared for the military authorities at their expense.
For the purpose of making surveys, an area of 1,962,010 square feet was cleared for the Public Works Department.
The first and second rice crops were fair. Lichees were cheap and plentiful.
Reports were received from the Director of the Imperial Insti- tute upon samples of vegetable products forwarded to him from Hong Kong during the year 1911. The most important of these were afterwards submitted to the Hong Kong Chamber of Com- merce for perusal. A supply of camphor oil, which had been favourably reported upon, was sent to the Imperial Institute for distribution among various firms.
The Key to the Flora of Hong Kong, the New Territories and Kwang Tung Province has been published by the Director of the Royal Gardens, 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 $163,784, being a decrease of $106,221 on the previous year and $42,485 more than the average received for the past five years. Of this amount $8,145 was 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 and sales of pier rights in the island of Hong Kong and Old Kowloon. The chief item was the sale of Inland Lot 1918, a building site of 59,700 square feet at Morrison Hill. within the City, which realized $47,500.
In addition to the above, the Hong Kong & Kowloon Wharf & Godown Company, Ltd., were granted Kowloon Marine Lot No. 91 (the former Police Camber), containing an area of 84,246 square feet, at the price of $288,778, the Government accepting in exchange a surrender from the Company of a part of their property to that value in lieu of cash. The Government resumed 10 acres 0 rood 10 poles of land at Kowloon from the Hong Kong & Kowloon Wharf & Godown Company, Ltd., and the Hong Kong Land Reclamation Company, Ltd., for the purpose of the terminal railway station. The total compensation paid in cash and land by way of exchange amounted to $1,762,657.40.
The year was chiefly noted for the sale of a considerable number of building lots adjacent to the City, chiefly in the neigh- bourhood of Kennedy Road, on which blocks of European style residences are being erected by the purchasers.
There has again been a considerable increase both in number and value of private properties which have changed hands. The total purchase moneys paid amounted to $19,029,986 as against $15,343,234 for the previous year. The prices given in many instances appear to be much above the value of the property as an investment, whilst in other cases the value of property adjoining has remained more or less stationary. Many old buildings have been pulled down and have been rebuilt with modern terraces and `dwelling houses for the accommodation of the better class
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