CO129-222 - Acting Governor Cameron Governor Sir Bowen - 1885 [7-10] — Page 352

4.

5.

348

price, the

ava

-applied for by the Aduciral

and Commodore would, if leased to n private pertice, bring in ₤20410or ~

$9.792 a year,

which capitalized ph

12 years'

purchase, au counts to ₤ 24,480...

The aggregate anter

esalece therefore of

this area is £46, 700_a valuation which is not based upon fancy prices

of

but upon the incontestable evidence of the actual cash transactions tlinee

years ago, between the Colonial Government and private purcturess. The character of teabed, the depth of water over the same, and the description of foreshore being about the same in both

evrees, there

are tio

that the value.

gronceds for assuming

the land and water

of the

now desiderated by the Admira

is

any less than the land and water

(

sold to Mess!: Sassoon, Chater, Woodiu

and the others.

I notice that the plan transcuitted

by Commodore Morant proposes to take

in also the

·d main roads,

e proposed

shewn listed prick, in the annexed

071

the

tracing . In the general plane, lines of which the peninsula of Kowloon is being laid out year after year,

roade are-

the urain channels of

Communication

along.

these

the western

coast. If closed, the euline district to

of

the northward, will be shut out and

rendered inxcccesible from

the Southern

portion, except by a long detour

round the Eastern side

of the Military

Cantonments. Any proposed to close these roads would

therefore be .

AL

serious matter to the public who

sold

44

have