48
This he has done.
add that this man had
a
18. I may add that this man had previously paid to the Government in rent $8582, without the least benefit to himself, whilst the fact of his paying a fine to procure a release from obligations entailed by the possession of lots at Kowloon will afford Your Grace an apt illustration of the present worthlessness of property there, though at altered circumstances thereafter will probably render the same property extremely valuable.
19. The position in which this Government now stands in reference to the obligations entailed by these resumptions of Kowloon is at this date as follows. There have been 12 Marine and 18 Inland Lots resumed, and the cost entailed on the Government by such resumption will amount to nearly $27,500.
20. Computing the total cost of the Sea Wall "ab initio" at $475,000, the tenants have already paid off that amount $326, and this Government for construction of the wall and reclamation of land $16,443. On the supposition (a very hazardous one) that no more resumptions will be forced on the Government, there will remain about $26,000 still to be paid by Government for the Sea Wall and reclamation of land, a sum for which provision must be made in the Estimates for next year.
21.
From the foregoing observations, Your ...
15
48
This he has done.
add that this man had
a
18. I may add that this previously paid to the Government in rent $8582. without the least benefit to himself whilst the fact of his paying fine to procure a release from obligations entailed by the pepepsion of dots at m Howloon will affard Your Gpace an apt illustration of the present worthlepness
of property
there, though at
ར་ར་བ་ནི་་་་་
altered circumstances
Thereafter will probably render the same
property extremely valuable.
19. The position
now
which this Govenment
position in which this
-stando in reference to the diligations
entailed by these resumptions of
Kowloon is at this date
as
Loto at
follows. There
have been 12 Marine and 18 Inland Lots
resumed- and the cost entailed on the
Government by such resumption will amount to nearly $27,500.
20.
Computing the total cost of the
Sea. "Wall "ab initio" at $475,000. The tenants have already paid of that amount f$ic 326. and this Government for construction of
the wall and reclamation of land $16,443
on the supposition (a very hazardous
and
one) that
forced
no more
resumptions will be
on the Government, there will remain about $26,000. still to be paid
by Government for the Sea Wall and
reclamation of land.
a sum
provision must be made
her next
21.
year.
on
for which
the Estimates
Strom the foregoing observations Your
15
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