out, was used &
id I the public; at any rab
no rent has been received of the Colonial Gay for 30 years in respect of
it.
I think therefore we are bound
by the last par. four letter
on 28.334
not to change the Adm the smalls asfrent quoted in this letter.
capitalized
? So for Adm 1/4 Co.
hi Songfuld
D
G.W.J.
(AF)
24/1
I do not understand how the Counsent remained in abegance. As for
certain land
I
شد
see what happened was that the Gost leaved othen bought out the lessees. Ishowed have thought that this extinguished the rent altogether. It affears to me that we cannot now go back from the Cast paragraph four letter to the Adually in 28:34 that we must now till the how Commers that nothing will be a
kw for in respect of any Conn sent on the roadway & tell the day that this has
made over
bei done.
So proved
the Cesson route wan
ABC
25-Jan'[9
Batin
explaining to the fort. that extinguisher when the Crown
home-based the land wheel was subjest it
stence
Ed my
2386ry
No.340.
sir,
1042
&
23 JAN 19 264
Government House.
Hong-Kong, 22nd. December, 1898.
With reference to your despatch No.286 of the
2nd.ultimo enclosing copy of a letter from the Admiralty en-
quiring whether the strip of land in question between Marine
Lot No.21 and the Commissariat bears a Crown Rent, I have the
honour to state that at the date of its purchase by the Colo-
nial Government, it was subject to a Crown Rent of $39.63 (be- ing at the rate of 2140 or $672 an acre).
The payment of Crown Rent remains in abeyance
during the actual occupation by an Imperial Department, but
when land is purchased, as in the present case, the Crown Rent thereon is capitalized at 4 per cent or 25 years purchase,
The capitalized value of the Crown Rent of
$39.63 is therefore $990.75.
I have the honour to be,
Sir,
Your most obedient
Humble Servant,
Amay
GOVERNOR, &C.
Els 25 feet
The Right Honourable
JOSEPH CHAMBERLAIN,M.P.
8cC. +
80..
800.
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