the value of land. How far sales of this kind took place.
be
at H. Kong may be conjectured from the
statement in your Despatch, No. ..., that the sales of 49 Lots at a rental of nearly £1500 here
merely fictitious, and
when a resale was
found to be impossible, were never completed. It was
during this
state of things that
the present scale of
fixed price has
been adopted
by the Land Committee,
and I am constrained
活
173
to think that the
depreciation of property-
the abandonment of
land
by
its owners -
the professed intention of Mr. Stephenson,
stated in his letter
of the 18th inst., to establish his Manufactury at Macao unless he could obtain Land at a
rate very disproportionate to that required by
present regulations, and the statement that he can procure suitable buildings at that place at one fourth of the money
which would be
required for
mere
ground rent at
the value of land. How far sales of this kind took place.
be
at H. Kong may conjectured from the
statement in your Despatch, hogg, that the sales of 49 Lots at a rental of nearly £ 1500 here
merely fictitious, and __
when a resale was
found to be simpossible, were never completed. It was
during this
state of things that
the present scale of
fixed price has
by the Land Committers,
and I am constrained.
活
173
to think that the
depreciation of property-
the abandonment of
land
by
it's owners -
the professed intention of Mr. Stephenson,
states in his letter
of the 18% set, to estathit his Manufactong. at Macas unless he caus obtain Land at a
rate very disproportionate to that required. by
present regulations, and the statement that he can procene. suitable buildings at that place at me fourth of the money.
the
which would be
required for
Mere
ground rent at
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