CO129-037 - Sir Bonham - 1851 [6-9] — Page 296

Port of large Trade, which alone wouth warrant such expense in addition to the payment of such a heavy Rent to which the Land was subject namely $1619 $4

The Firm of Aegan ffo disappointed in their expectations of the value of Hong Kong Port of Trade has since been

as a

no

dissolved and ans representative now remains in China._

In consequence of the Report the Committee appointed to cxamine sents the Land question-a ground Pent

of the

7

a reduction

was made on

this Property to $1,288, but in the precent depreciated position of tome "Property in Houghtong it will be quite impossible to let the Premices even to repay that amount without reference to Enterect

of money on Capital invested, Police Rates,

26264

7

repairs,

tc..

The sole chuvse

therefore

292

open to

the parties interested would be to abandon the whole Property (a

sacrifice which considering the

amount

of Butlay would be a most!

painful necessity )-unless the Government could be induced to

make a further material reduction in the ground Ptent..

The Bona fide Investment

such

a

large amount of capital;

4

the disappointed hopes of the Parties interested; the very great depreciation

House Property

in the value

of

generally in Houghtong; and the large amount of Ground Rent already paid on this Property to the Government; will I trust make this claim appear just and reasonable to your huscellener, and induce