CO129-299 - Administrator Major Gen Gascoigne - 1900 [5-6] — Page 11

Whereas

Jafree with the draft. But I think we ought to ask further lohether the crown nat seoewed is not somewhat low. The value

g

this paper for dock punfores

is no doubt very

considerable

the grant is practically for a freehold = 99+ 99 years, though legall, onha

Shove not-some provision

lease.

As well

be made intervals?

for revision of the rent at

HBC

14 dune

I have now added woods to the draft-

as

to the rout

The nut will be revised at the end

of the first qq years,

because it is let

on the conditions laid down in our

despatch

art

a

25-014/48, which inditions

work clearly explained in

om 15441/

441/99.

grog 15/6. f.Pd.15

No.

190

Tracing

annexet

sir,

Government House,

Hongkong, 5th

My, 1900.

0.0.

17€28 10

&

RECO Pro 5 JUN 00

I have the honour to recommend for your approval

the grant of the area shown coloured yellow on the enclosed

tracing, as an extension to Marine Lot No.2 which is the

„roperty of Messrs.Butterfield and Swire and adjoins

their large Sugar Refining Works thich cre situated on

Marine Lot No.1.

The propored extension contains an area of

323,800 square feet. The crea shorn colored red on the

tracing in the land which formed the subject of the tele-

graphic correr pondence noted in the mërgin, and which

Governor to Secretary of I informed you in my despatch No.165 of the State, 28th.March, 1900.

Secretary of State Do Governor, 29th March, 1900.

Governor to Secretary of State, 30 h.March, 1900.

Secretary of State to Governor, 3rd.April, 1900.

despoliti

a

3014

@

e.

1592

20th. of April had been sold to Mersrs.

Butterfield and Swire for €100,860.00

(being $20 above the upset premium at the

rate of 10 cents per square foot) with 7

Crow Rent of $8,680 per annum which is at

the rate of £375 per acre, the lease being for 99 yeBZE

with the option of renewal for one term of 99 years upon

the conditions approved of in the 3rd paragraph of your

despoteh No.320 of the 9th. of December, 1898.

THE RIGHT HONOURABLE

One of the conditions of sale was that a sum

of

JOSEPH CHAMBERLAIN, M. P.,

&C.,

&C.,

&C.