CO129-124 - Sir MacDonnell - 1867 [8-9] — Page 53

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46

Government, Grand

I

need scarcely say that

I refused to entertain it. having certainly. authority, and not being likely to eltain

что

authority, to refund three years' rent already paid into the Trecisury and grant & per cent

interest for money-

8

which had thus become

the property of Government merely to

C#

reimburse

men

who, with their

eyes open,

had entered into a speculation which had

turned out unprofitable.

14

At the same time there could be no

doubt that it

was not to

the advantage

of the leclony to leave the question where

it was.

The condition

of the lots sold

B

Enclosure 7.2.... belonial Secretary

to

G. Sharp Esq 10 June, 1867.

considered it wiser to excercise a

little

timely forbearance, such as might encourage the tenants to proceed with the reclamation of their lots and prevent the property of the balony at Kowloon being unduly

depreciated for

а

-

lengthened period.

15. After much correspondence therefore

Sfinally agreed so far as the Marine

were concerned to accept 1/4th of the

Lats

th

present rental for five years from the 25th of last December, subject to your Grace's approval, and conditionally

arrears

that all

of rent at the old rate and of

sumo due to the Contractor for construction

of sea wall

I

at Kowloon, and

of the purchasers, was

stop to all

such as effectually to put a stop compitition for land there,

aud

further

opposite

paid to qualify any

conceded,

who

was

each Lot

tenant

were

first

for the indulgence

also bound to fill

M

الحمد