CO129-162 - Sir Kennedy - 1873 [1-3] — Page 439

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

433

it had to be borne in mind that unless purchased now there will be little probability of the Government being able to get possession of it except at an exorbitant rate when it is actually required. I am authorized to say that if Your Lordship approves of the purchase the amount will be readily voted by the Councillors. As to the advisability of buying the Lot from the Military Authorities for the Colonial Government, there is no other plot of ground available for building purposes in that neighborhood. Enquiries were instituted and calculations made, which induced me to suggest $30,000 as a fair price to pay for this property. It was submitted informally to the Members of the Legislative Council, and the Unofficial Members took time to consider the fair value of the property, and their estimates varied from $30,000 to $40,000. It was understood, however, that if the purchase was effected, the Government would grant the present lease for the buildings (and ...

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433 it had to be borne in mind that unless purchased now there will be little probability of the Government being able to get possession of it except at an exorbitant rate when it is actually required. I am authorized to say that if Your Lordship approves of the purchase the amount will be readily voted by the Councillors. As to the advisability of buying the Lot from the Military Authorities for the Colonial Government, there is no other plot of ground available for building purposes in that neighborhood. Enquiries were instituted and calculations made, which induced me to suggest $30,000 as a fair price to pay for this property. It was submitted informally to the Members of the Legislative Council, and the Unofficial Members took time to consider the fair value of the property, and their estimates varied from $30,000 to $40,000. It was understood, however, that if the purchase was effected, the Government would grant the present lease for the buildings (and ...
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8. 9. 433 it had to be borne in mind itie propertig was that unless purchased now there will be little probability of the Government being able to get posesion of it exccept at an when it eschorbitant rate mony Neuter is there be actually required. any authorized to say that if How that amant will be J Lordship approcies of the purchase be readily voted by the Ceannails lamail. As to the advisability of buying the Lot from the Military. Authorities for The - of the Colonial Government there other plot of-ground no and in that neighborhood available for building purposes. Enquiries 10. were instituted and calculations made, which induced me to suggest- ao a Like $ 3 $,0 0 0 fair price to pay for This property. informally to the Members was submitted of the Legislative bonmail, and I'mm was The Unofficial Unofficial Membus question. The look time to consider the fair value of the property, and their Estimates varied from 30,000 to $40,000. It was & understood, however, that if the purchave would effected, the Government the present leave for the buildings (and of them T =
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8.

9.

433

it had to be borne in mind

itie

propertig

was

that unless purchased now there will be little probability of the Government

being able to get posesion of it

exccept at an when it

eschorbitant rate

mony Neuter is there

be actually required.

any

authorized to say

that if How

that amant will be

J

Lordship approcies of the purchase

be readily voted by the Ceannails lamail. As to the advisability of

buying the Lot from the Military.

Authorities

for

The

- of the

Colonial Government there

other plot

of-ground

no

and in that neighborhood

available for building purposes.

Enquiries

10.

were instituted

and calculations made, which

induced me to suggest-

ao

a

Like

$ 3 $,0 0 0

fair price to pay for This

property. informally to the Members

was submitted

of

the Legislative bonmail, and I'mm

was

The Unofficial

Unofficial Membus

question. The

look time to consider the fair value of the property, and their Estimates varied from 30,000 to

$40,000. It

was

&

understood,

however, that if the purchave

would

effected, the Government

the present leave

for

the buildings (and

of them

T

=

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