42
the various
fly the
phases of the correspondence
which has resulted in that arrangement-
but I shall endeavor as
briefly
as I can
tto put Your Grace in possession of the precursory details.
In July 1864 a sale of Government
land took place when
notions prevailed here
very extravagant
as to the value
of landed property, and when it was
supposed by many
that eventually
Kowloon would become the most eligible site for Mercantile business and that Her Majesty's Government would erect there extensive Barracks.
13.
The land sold consisted principally
of Marine lots, which I may explain
were so exceedingly Marine that they were
actually covered by the sea. For such
lots, measuring only 100 by 300 feet
at the bottom of the sea, though very
small premiums were paid, yet from the day
of sale the tenants bound themselves to
pay a rent of $528.92. per annum.
4. This, however, was
only part of their liability, for land at the bottom of
the sea was of course valueless till reclaimed,
and the cost of its reclamation was thrown
on the tenants who were bound to fill in
their lots, and to protect the whole with
a substantial Quay, or Sea Wall, to be completed to the satisfaction of the Surveyor General. The computed average cost of
the sea wall for each lot was £293. Whilst the cost of filling in and reclaiming
was about $1400,
42
the various
fly the
phases of the correspondence
which has resulted in that arrangement-
but I shall endeavor as
briefly
as I can
}
tto put Your Grace in posesion of the precepary details.
In July 1864 a sale of Government
land took place when
notions prevailed here
very extravagant
as to the value
flanded property, and when it was
supposed by many
the
of
that eventually
eventually Kowloon eligible site for and that Her Majesty's
would become the most
Mercantile busine
busines
Government would erect there extensive
Barrack's te qe ve
13.
The land sold consisted principally
of Marine lots, which I may explain
of
were bo
exceedingly Marine that they were
actually
covered by the sea. For such
lots, measuring only 100
the bottom of
premiumo
the
were
by by 300 feet
at
small
sea, though very
paid, yet from the day
of sale the tenants bound themselves to
4110
pay a
cto.
a rent of $528. 92. per
4. This, however, was
annum.
only part of their
the
liability, for land at the bottom of
sea was
of
course
and the cast of
valueles till reclaimed,
its reclamation
on the tenants who
were
Awab
thrown
bound to fill in
their loto, and to protect the whole with
a
sulistantial Quay, or Sea Wall, to be completed to the satisfaction of the Surveyor
computed average cost of
£293 General. The
the sea wall for each lot Whilst the cost of filling
was
about $1400,
in and red
reclaiming
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