CO129-220 - Governor Sir Bowen - 1885 [1-3] — Page 388

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-buildings forced repon the growed sepon its resuming possession at the expiration of the lease, and it was •qually clearly set forth in the Governmunut Notification of of Febreary 1874 that even intr

the 25th

Anees

of re-outry by

the Crown before the - expiration of the 144 year leaves to comp

for buildings would, in any case, $1000.

compensation

cxceed r

$18. From the prices realized in the

*sistance we have cited, and bearing in

mind for how brief, and therefore m comparatively

valueless a tenure in each

case, those priew have been paid, it is

obvious that our -appraisal of the relative

· money-value of 75 year building.

leaseholds at Kmoloon, errs,

if anything,

on the side.

- of morteration, and it is

equally clear that the eums paid by

the

the Garden lot-owners themselves, in their

transactions with each other, completely

refute the

argument advanced by many of these goutleeuen, that permanent -- building leaseholds would,

A poseers but little valve and would not be able to

support

an increased Crown reut.

We have re (Signed) Edw. J. Ackroyd

Chairman

(Signed) J, M. Prine (Signed) ABB. Johnson