less than Fifty thousand dollars and if the competition be Keen it may be much more.
9.
-
calculations in
6 base my regard to Lap Sap Wan upon the rapid progress of the city westward, and upon the great demand for land in the vicinity of the Western Slaughter House and the very high prices ruling upon exchange of ownerships, and in regard to you matee upon the incessant applications received for building sites in that rising and flourishing village, upon the extraordinarily high figures paid at the recent sales of the only ground the Government has ever sold there, viz: Marine Lots no: 29, 30 and 31, as well as 94. His Excellency will no doubt entirely recollect that these lots were in the sea and that after they were bought they had to be reclaimed at very great expense, and that also the purchasers had, as a condition of sale, to build at their own cost a sea wall and 50 feet roadway and that notwithstanding these charges the sites were knocked down at $4,080.
10:
The proceeds of the Auction sales are however by no means the only profit attending the realization of the project I have the honour to submit. Equally substantial advantages will follow in the spread of houses, shops and factories and in the increase of trade from which will
less than Fifty thousand dollars and if the competition be Keen it may be
much more.
9.
-
calculations in
6 base my regard to Lap Sap Wan upon the rapid progress of the city westward, and upon the great demand for land in : the vicinity of the Western Slaughter House and the very high prices reeling rpon exchange of ownerships, and in regard to you matee upon the incessant :applications received for building sites in that rising and flourishing village,
upon the extraordinarily high figures paid at the recent sales of the only ground the Government has ever sold there, vir: Marine Lots no: 29,30
and
as well as
94
and 31. His Excellency will no doubt _
entirely
recollect that these lots were
in
the sea and that after they were bought they had to be reclaimed at very great- expense, and that also the purchasers had, as a
their.
own
condition of sale, to build at cost a sea wall and 50 feet
roadway and that notwithstanding these
charges
the sites
avere
#4,080.
10:
Knocked down at
The proceeds of the Auction sales
are however
no
means the
by
only profet attending the realiration of the project I have the honour to submit. Equally substantial advantages will follow in the spread of houses, shops and factories and in the increase of trade from which.
will
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