CO129-220 - Governor Sir Bowen - 1885 [1-3] — Page 379

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tenure. As long

as the land is violen

D

fived required for public purposes, Government will no doubt adhere to whatever promises may have been made to him, but we consider

that We Dueuphreys cannot, without

a dequate payment, expect to occupy porenauently a large portion of most..... valuable building land which is practically lying idle, nor can he, without such

adequate payment, expect to obtain the perincement form of lease to which he has

no claine.

5. the Humphreys puck provinently. forward the object for which he want a

fixed tecure, ucenely, to erect small residences for Europeans of limited means. This is a praiseworthy object, and one which we are

Government will do all it can to promote, but if it is to influence the Brown next to be

charged

charged, it is only right not to overlook the

fact that once Mr. Humphreys has obtained · his lease, there would be nothing to prevent

hie

or

building other houses, selling his lease,

-putting the land to

any

other uses that

better suit his interests.

may

b.

With these

e general observations eve will on to rotire some of the special poink raised by M. : Humphreys.

pass

Whereas the Peak

lok have been of late years put up to writ

auction at au uspect price of $435, bod. per.

acre, or one cent per square foot,

the

premium for Kowloon, recouvreuded in?

Diere

Report of the 10th

$217.80 per

acte or

of July last, is only

-halfa

a cent per square

foot. In other words, we have in that

report recommended for the peninsula,

a valuation for premium not 50 per might be realized for Peak lok at auction, but 50 per cont cent lower than the

(lower

Atrere

upset price.

at