149
Government should defray the cost of creating buildings for the Admiralty, not that of reclaiming the site, nor the portion thereof which is now covered with water.
You quote in support of your high estimate of the value of the site of the Naval Yard on Hongkong Island, the price recently paid by Government for a site near the Central Bazaar. Land at the Naval Yard has, however, been recently purchased by the Military at a much lower figure, in order to get rid of all Chinese tenement houses in that locality, and if the proposed exchange were effected, the site of the Naval Yard could never be sold for the creation of Chinese dwellings thereon. It would not, therefore, realize, if so much, the value of the land recently acquired in that neighbourhood by the Military.
4.
In conclusion, I have to inform you that application has recently been made to Government for the sale of a portion of the land at Kowloon proposed in exchange. As the Admiralty have requested that the refusal of this site might be given to them, in case any proposal were made for its sale, I lose no time in giving you notice of this application.
I have,
(Signed) M. H. Marsh
149
ww
Government should defray the cost of ~ ereating buildings for the Admiralty that of realemiming
on
the re
wew
site, nor
the portion there of which is now covered
with water.
مجھ
You quote in support of your high estimate of the value of the site of the Naval Yard on Hongkong Soland, the price recently paid by Government for a site near the Central Bazaar. Land the Naval Yard has however been recently purchased by the allilitary a much lower figure, in to get rid of all Chinese levement houses in that
rrear
in order to
locality, and if the proposed exchange effected, the site of the Naval
were
& Yard
could never be sold for the creation of Chinese dwellings thereon. It would not _ therefore realize
wore,
if so much,
00
the land recently acquired in that wighbourhood by the Military
4.
In conclusion, I have to
inform you that application hav
recently
sale
reoutly been made to Governement for the of a portion of the land at Kowloon proposed in
exchange. As the Admiralty, have requested that the refusal of this site might be given to them, in case
were made
any proposal I love no time in
for it eale, giving you notice
of this application.
I have.
re
(Signed) M. H. Marsh
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