CO129-009 - Public Offices - 1844 — Page 294

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed

Foreign Office

Board

We would recommend that whenever it is thought proper by the Governor to dispose of any Lands, they should be exposed to Auction, and that they should not be parted with in perpetuity nor for a price to be at once paid down, but that the biddings should be for an amount of Rent per annum on Leases for such term of years as the Governor may fix, not exceeding 75 years.

We think that in the present uncertainty of the permanent value of Land at Hong Kong, it should be left to the discretion of the Governor to name from time to time such upset price on the respective lots as he may think suitable and expedient.

In the case of all Lands designated either as Marine, Form, or Urban Lots, we are inclined to think that it should in no case be competent to a party to acquire them except at Auction. And for this purpose the Governor should name the length of previous advertisement which will be requisite - it being a measure in which it will be very important to entail the least possible delay upon applicants, consistent with affording a fair opportunity for Competition.

As regards Country Lands, We should see no objection, if they have been once exposed to Auction.

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Foreign Office Board We would recommend that whenever it is thought proper by the Governor to dispose of any Lands, they should be exposed to Auction, and that they should not be parted with in perpetuity nor for a price to be at once paid down, but that the biddings should be for an amount of Rent per annum on Leases for such term of years as the Governor may fix, not exceeding 75 years. We think that in the present uncertainty of the permanent value of Land at Hong Kong, it should be left to the discretion of the Governor to name from time to time such upset price on the respective lots as he may think suitable and expedient. In the case of all Lands designated either as Marine, Form, or Urban Lots, we are inclined to think that it should in no case be competent to a party to acquire them except at Auction. And for this purpose the Governor should name the length of previous advertisement which will be requisite - it being a measure in which it will be very important to entail the least possible delay upon applicants, consistent with affording a fair opportunity for Competition. As regards Country Lands, We should see no objection, if they have been once exposed to Auction. Page 288

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Foreign Office Board } We would recommend that whenever it is thought proper by the Governor to dispose of any Lands, they thould be exposed to Auction, and that they should not be parted with in perpetuity nor for a price to be at cuce paid down. but that the biddings should be jor of Rent per annum an amount on Leases for such term of years as the Governor may fix, not exceeding 75 years. we think that in the present uncertainty of the permanent value of Land at Hong Kong, it should be left to the discretion of the Governor to name from time to time such Epost price on the respective dots as be 288 may think suitable and expedient In the case of all Lands designated either as Marine, Forn, or Kurban Lots, we are inclined to think that it should in no case ve competent to a party to acquière them except at Auction. And for this purpose the Governor should naine the length of precious advertigement which will be requiitte it measure in which it will be brzy important to entail the least- possible delay upon applicants, counstent with affording a fair opportunity for Competition. As regards Country Land:, We should see 510 objection, if they have been once exposed to Auction May and

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Foreign Office

Board

}

We would recommend that whenever it is thought proper by the Governor to dispose of any Lands, they thould be exposed to Auction, and that they should not be parted with in

perpetuity nor for a price to be at

cuce paid down.

but that the

biddings should be jor

of Rent per annum

an amount

on Leases for

such term of years as the Governor may fix, not exceeding 75 years.

we think that in the present uncertainty

of the permanent value of Land at Hong Kong, it should be left to the discretion of the Governor to name from time to time such Epost price on the respective dots as be

288

may think suitable and expedient

In the case of all Lands designated either as Marine, Forn, or Kurban Lots, we are inclined to think that it should in no case ve competent to a party to acquière them except at Auction. And for this purpose the Governor should naine the length of precious advertigement which will be requiitte

it measure in which it will be brzy important to entail the least- possible delay upon applicants, counstent with affording a fair opportunity for Competition. As regards Country Land:, We should see

510 objection, if they have been once exposed to Auction

May

and

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