j
was peremptorily refused, and the assurance given that "the street, on the absence of which you rest your claim, is at the present moment being made," see Colonial Secretary's letters Nos. 655 and 672 of 11th and 15th October, 1875.
Your Petitioner considers that he is entitled to a full and fair compensation in terms of his Crown Lease, and to at least as much as the land has cost him for purchase money, Crown rent, and interest at
por cout per annum.*
8
Viz: For 9,150 feet of Inland Lot No. 671 resumed
at $1.517 per foot t.........
$13,881
For depreciation in value of the remaining 13,350 feet of Inland Lot No. 671 by resumption as above and by deprivation of the Street at the South of the Lot, at 50 cents per foot
6,675
820,556
Your Petitioner is willing however, (without prejudice), to accept as compensation a grant of the adjoining old slaughter house building and ground, which is of approximate area, at equal rental, possession of the same to be granted so soou as the new slaughter house shall be ready,
The Crown rent of Inland Lot No. 671 being reduced pro rata.
Your Petitioner therefore prays that Your Excellency will examine into the matter herein set forth and grant to him the desired relief.
Your Petitioner has the honor to be,
Sir,
Your most humble and obedient servant,
Hongkong, 9th February, 1889.
(Signed) GRANVILLE SHARP.
* The rate of interest allowed by the Supreme Court.
This was the fair market value of the land.
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