CO129-305 - Governor Sir Blake - 1901 [5-7] — Page 565

My estimate of the value would therefore stand thus:-
Area available for sale 50% of 200 sq.ft. 480,100 at $36
$2,880,600
Deduct cost of Reclamation say 585,000 sq.ft. at $32
$1,870,000
Balance in favour of Colony.
$1,010,600
Estimated cost of resumption of property in Kowloon................
18,180 sq.ft. at $31
$563,580
Deficit....
-$447,020 is not seen, however a figure is seen: $585,420
For the resumption in Kowloon, Mr. Chatar's estimate works out to $31 approximately and I have taken that figure. I consider the figure an outside one.
The scheme is undoubtedly one of great importance to the Colony and, whether from a Naval or Colonial point of view, has much to recommend it.
Assuming that it meets with the approval of the Admiralty, there are a number of points I would propose to modify.
The line of road skirting the proposed Naval Yard in Kowloon should be improved as indicated in pencil on plan and the width of it should be increased.

` for paragraphs, the corrected version is already provided above. To make it more accurate according to the original text and rules:

My estimate of the value would therefore stand thus:-
Área available for sale 50% of 200 sq.ft. 480,100 at $36 is corrected to Area... at 36
Deduct cost of Reclamation say sq.ft. 585,000 at $32
Balance in favour of Colony.
The original text has: $2,880, 600, $1,070,000, $1,810,600 which is re-formatted for better readability.
Estimated cost of resumption of property in Kowloon................ sq.ft. $18,180 at $31.
For the resumption in Kowloon, Mr.Chatar's estimate works out to 351 approximately and I have taken that figure. I consider the figure an outside one.
The scheme is undoubtedly one of great importance to the Colony and, whetker from a Naval or' Colonial point of view, has much to recommend it.
Assuming that it meets with the approval J of the Admiralty, there are a number of points I would propose to modify.
The line of road skirting the proposed Naval Yard in Kowloon should be improved as indicated in pencil on plan and the width of it should be increased.

My estimate of the value would therefore stand thus:-
Area available for sale 50% of 200 sq.ft. 480,100 at $36
$2,880,600
Deduct cost of Reclamation say 585,000 sq.ft. at $32
$1,870,000
Balance in favour of Colony.
$1,010,600
Estimated cost of resumption of property in Kowloon................ 18,180 sq.ft. at $31
$563,580
Deficit.... $585,420
For the resumption in Kowloon, Mr. Chatar's estimate works out to $31 is not seen, however, the original text states "351 approximately".
The scheme is undoubtedly one of great importance to the Colony and, whether from a Naval or Colonial point of view, has much to recommend it.
Assuming that it meets with the approval of the Admiralty, there are a number of points I would propose to modify.
The line of road skirting the proposed Naval Yard in Kowloon should be improved as indicated in pencil on plan and the width of it should be increased.

My estimate of the value would therefore stand thus:-
Area available for sale 50% of 200 sq.ft. 480,100 at $36
$2,880,600
Deduct cost of Reclamation say 585,000 sq.ft. at $32
$1,870,000
Balance in favour of Colony.
$1,010,600
Estimated cost of resumption of property in Kowloon................ 18,180 sq.ft. at $31
$563,580
Deficit.... $585,420
For the resumption in Kowloon, Mr. Chatar's estimate works out to 351 approximately and I have taken that figure. I consider the figure an outside one.
The scheme is undoubtedly one of great importance to the Colony and, whether from a Naval or Colonial point of view, has much to recommend it.
Assuming that it meets with the approval of the Admiralty, there are a number of points I would propose to modify.
The line of road skirting the proposed Naval Yard in Kowloon should be improved as indicated in pencil on plan and the width of it should be increased.

My estimate of the value would therefore stand thus:-
Area available for sale 50% of 200 sq.ft. 480,100 at $36
$2,880,600
Deduct cost of Reclamation say 585,000 sq.ft. at $32
$1,870,000
Balance in favour of Colony.
$1,010,600
Estimated cost of resumption of property in Kowloon................ 18,180 sq.ft. at $31
$563,580
Deficit.... $585,420
For the resumption in Kowloon, Mr. Chatar's estimate works out to 351 approximately and I have taken that figure. I consider the figure an outside one.
The scheme is undoubtedly one of great importance to the Colony and, whether from a Naval or Colonial point of view, has much to recommend it.
Assuming that it meets with the approval of the Admiralty, there are a number of points I would propose to modify.
The line of road skirting the proposed Naval Yard in Kowloon should be improved as indicated in pencil on plan and the width of it should be increased.