CO129-156 - Sir MacDonnell - 1872 [1-3] — Page 512

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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4

5

is aware is now sitting. Having viewed the grand street reported that in a point of commercial value of the lot was viewed the value. Eight thousand dollars, but having regard to the object of the Government in securing the property it would doubtless be desirable to purchase it at a higher valuation.

that d. I think it very doubtful if the opinion of the Commission be correct as to the value of the ground. It was originally bought for $8,000 by the owners, who have materially improved the property, and are enjoying a percentage of 12 per cent on their outlay by rent received from the tenants of the buildings erected on the lot.

It so happens, too, that three years ago, when the necessity of incorporating the lot with the Police Compound was mentioned, the sum of $10,000 was summarily fixed as its price. Since that time the property has been improved, and cannot commercially be of less value than in 1886.

6. I called, however, upon my Executive Council to advise in the matter, and finding that they concurred in my opinion, I have ordered the payment of $10,000 to be made for the property, which will be available for Police purposes at the end of next March.

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4 5 is aware is now sitting. Having viewed the grand street reported that in a point of commercial value of the lot was viewed the value. Eight thousand dollars, but having regard to the object of the Government in securing the property it would doubtless be desirable to purchase it at a higher valuation. that d. I think it very doubtful if the opinion of the Commission be correct as to the value of the ground. It was originally bought for $8,000 by the owners, who have materially improved the property, and are enjoying a percentage of 12 per cent on their outlay by rent received from the tenants of the buildings erected on the lot. It so happens, too, that three years ago, when the necessity of incorporating the lot with the Police Compound was mentioned, the sum of $10,000 was summarily fixed as its price. Since that time the property has been improved, and cannot commercially be of less value than in 1886. 6. I called, however, upon my Executive Council to advise in the matter, and finding that they concurred in my opinion, I have ordered the payment of $10,000 to be made for the property, which will be available for Police purposes at the end of next March.
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4 5 is aware is now sitting. Having viewed the grand strey reported that in a point of ommercial of the lot Avas view the valive Eight thans and dellars, but having regard to the object of the Government in securing the property it would doubt of be desirable to purchave it at a higher valuation. that d. I think it very -doubtful if opinion of the Commission be correct as to the value of the ground. It was originally bought for $8,000 by the Anow-Lifees, who have materially improved the property, and are enjoying a percentage of 12 por cent on their outlay by rent received from the tenants of the buildings. erected w that three 512 The lot. It so happens, too, when years ago: seeing later carev the necessity of of ood or incorporating the lot with the Police Compound, the sun mentioned summ $10,000 was of a its price. Since that time the property has been improved, and cannot commercially be of lef value than in 18 6. I called, however, upon my Veecutive Conrail to advise in the matter, and finding in my opinion, that they concurred I have ordered the payment of $10,000 to be made for the for property, which will be available Police purposes at the and of neset march.
2026-05-20 15:31:42 · Baseline
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4

5

is

aware is now

sitting. Having viewed

the grand strey reported that in a

point of

ommercial

of the lot

Avas

view the valive

Eight thans and dellars,

but having regard to the object of the

Government in

securing the

property it would doubt of be desirable to

purchave it at a higher valuation.

that

d. I think it

very

-doubtful if

opinion of the Commission be

correct as to the value of the ground.

It was

originally bought for $8,000

by the Anow-Lifees, who have materially improved the property, and

are

enjoying a percentage of 12 por cent on their outlay by rent received from the tenants of the buildings.

erected

w

that three

512

The lot. It so happens, too,

when

years ago:

seeing

later

carev

the necessity of

of ood

or

incorporating the lot with the Police Compound, the sun

mentioned

summ

$10,000 was

of a

its price.

Since that

time the property has been improved,

and cannot

commercially be of lef

value than in 18

6. I called, however, upon my

Veecutive Conrail to advise in the

matter, and

finding

in

my opinion,

that they concurred

I have ordered the

payment of $10,000 to be made for

the

for

property,

which will be available

Police

purposes at the and of

neset march.

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