302
the proposed amount of renewed ground rent, it can scarcely be what should determine. Deliv the dispute. If indeed the Town of Victoria in Hong Kong were divided among a great number of Proprietors, there might be Lone the property of the Crown alone.
All the eligible Lots in it will soon, if they are not already, be very disposed of so that after the lapse of 75 years the renewals will take place in large quantities, and at simultaneous periods.
actions current value of Land ascertained by frequent trans: and provision might the for these reasons we should much prefer at once terms of be made the Lease for deciding any increase of ground Rent by proper Appraisers. But in rout of fact the whole Town intended to remain
The extending the duration of the Leases for a reasonable period with conditions which we do not peer to encumbering then the means of carrying out without dispute and discontent. And while therefore attaching its
302
the proposed amount of renewed ground_ rent, it can scarcely-
what shouts determine.
be
Deliv
the dispute. If indeed the Town
were
of Victoria in Hong Kong
divided among Q great number. of Proprietors, there might be
Lone
the property
of the Crown alone.
All the eligible Lots in it will
soon, if they
are
noh
be very
already, disposed of so that
after the lapse of 75 years the
renewals will take place in
large quantities, and taneous periods.
at simul
actions
current value of Land
ascertained by frequent
trans:
and provision might
the
For these
reasons
we
shouts
much prefer at
once
terms of
be mate
the Lease for deciding any - increase of fround- Rent by proper Appraisers. But in
rout of fact the
Jown
whole
intended to remain
The
extending the duration of the
Leases for a
reasonable period
with con=
to encumbering then
ditions which we do not peer
the means of carrying out without dispute and discontent. And while therefore attaching
its
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