CO129-031 - Public Offices - 1849 — Page 167

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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16

Admiral

ht

17 164

Office

Office

immediate stimulus to purchase—a large increase of price (which, however, as the payments are deferred, is often more apparent than real) and a consequent growth of fictitious or speculative sales for the purpose not of use but resale, causing in the first instance an additional rise, but ultimately an unnatural depreciation of the value of the land. How far sales of this kind took place at Hong Kong may be conjectured from the statement, in the Despatch 1999, that the sales of 49 Lots at a rental of nearly £1,500 were merely fictitious, and when a re-sale was formed were found to be impossible and never completed. It was during this state of things that the present scale of price was fixed by the Land Committee, and we think that the depreciation of property, the abandonment of Land by its Owners—the professed intention of Mr. Stephenson to carry his manufactures to Macao unless he can obtain Land at a rate utterly disproportionate to that required by the present Regulations—and the statement that he can procure suitable buildings at that place at a quarter of the money which would be required.

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16 Admiral ht 17 164 Office Office immediate stimulus to purchase—a large increase of price (which, however, as the payments are deferred, is often more apparent than real) and a consequent growth of fictitious or speculative sales for the purpose not of use but resale, causing in the first instance an additional rise, but ultimately an unnatural depreciation of the value of the land. How far sales of this kind took place at Hong Kong may be conjectured from the statement, in the Despatch 1999, that the sales of 49 Lots at a rental of nearly £1,500 were merely fictitious, and when a re-sale was formed were found to be impossible and never completed. It was during this state of things that the present scale of price was fixed by the Land Committee, and we think that the depreciation of property, the abandonment of Land by its Owners—the professed intention of Mr. Stephenson to carry his manufactures to Macao unless he can obtain Land at a rate utterly disproportionate to that required by the present Regulations—and the statement that he can procure suitable buildings at that place at a quarter of the money which would be required.
Baseline (Original)
16 Admir ht 17 164 Office Office immediate stimulus to purchase- a large increase of price (which, Rowever, as the payments are deferred, is often more apparent than real) and a conseguent growth of fictitions or speculative salls for the purpose not of use but resale, causing in the first instance an additional rise, but ultimately vilue atr the unnatural depreciation of th д and. How far sales of this kind took place at Hong Kong may be conjectured from the statement, in the Despatch 1999, that the sales of 49 Lots at a rental of nearly £ 1.500 were merely fictitions, and when a re-sale wxx formed 寸 zvere found to be impossible never completed. It was during this state of things that the present scale of price was fived by the Land Committee, and we think that the the depreciation of property abandonment of Land by its Owners - The the professed intention дли of Mr. Stephenson to carry his manufactures to Mação unless he can obtain Land at a rate utterly disproportionate to that required by the present Regulations - and the statement a that he can procure suitable buildings at that place at quarter of the money which would be required. ого тече ground
2026-05-17 13:37:21 · Baseline
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16

Admir

ht

17 164

Office

Office

immediate stimulus to purchase- a large increase of price (which, Rowever, as the payments are deferred, is often more apparent than real) and a conseguent growth of fictitions or speculative salls for the purpose not of

use

but resale, causing in

the first instance an additional

rise, but ultimately

vilue

atr

the

unnatural depreciation of th

д

and. How far sales of this kind took place at Hong Kong may be conjectured from the statement, in the

Despatch 1999, that the sales of

49

Lots at a rental of nearly £ 1.500 were merely fictitions,

and when a

re-sale

wxx

formed

寸

zvere

found to be impossible never completed. It was during this state of things that the present scale of price

was

fived by the Land Committee, and we think that the

the depreciation of property abandonment of Land by its Owners - The

the professed intention дли of Mr. Stephenson to carry his manufactures to Mação unless he can obtain Land at a rate utterly disproportionate

to that required by the present

Regulations - and the statement

a

that he can procure suitable

buildings at that place at quarter of the money which would be required.

ого тече

ground

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