310
25.000
50.000
5.000
20000
25000
Naval Establishment Hong Kong
Land required 50 acres or 2,178,000 sq. ft.
One acre = 4840 sq. yards, one yard = nine feet
say at $3 per foot = $6,534,000
at Ex. rate of 1/2 = £517,275
add interest; at 5% per annum for ten years
£258,637
money for the old site will not be received for ten years
Cost of Construction say £1,250,000
Interest on same calculated as follows viz.
for 1 year at 5% = £62,500
2nd year £12,500
3rd year £18,750
4th year £25,000
5th & 6th year £31,250 & £37,500
£343,750
Estimated total cost £2,338,412
Note: if site costs more than $3 per foot, the total would be increased accordingly.
It is taken for granted that the machinery would be removed from the old Yard to the new establishment.
The site of the present Naval Yard, including reclamations, docks, basins, etc., contains 39¼ acres = 1,709,730 sq. feet, which would probably realize, including buildings and material, $15 per foot, say $25,645,950
at Exchange rate of 1/7 = £3,663,707 (approx. £3,030,304)
310
25.000
50.000
5.000
20000
25000
Naval Establishment Hong Kong
Land required 50 acres or 2.178.000 Best Lone
aere =
4840 Yards one yard nine fect
say at $3 per foot = $6.534,000
at Ex of 1/2 = £517.275
ofdd interest;
at 50% peran
for tone years
money for the old site wit
not be received for ten years } # 258.637
Cost of Construction say to 1250.000
output on saman
calculated as follows uz
for 1 year at 5% = # 6.250
4
Lend Year third
4
12500
18750
fouertt
25000
Fifth sixth
31250
37.500
5200
کو کہ
00
25000 4
eighth
#
43750 50000
"
50000
w
#
750.000
56260
625004343.750
Estimated total cost.
"ote of this site costs more than $3 per foot the total would be increased accordingly -
It is taken for panted that the machinery would the removed from the old Ford to the new extablishment.
site of the
#2338.412-
of the present raval Furd including
reclamations docks badans te ré
contains 39/4 acres = 1.709.730 feet which would probably realize including buildings and material $15 per foot sa
say $25.64
$25.645.950
at Exchange of 1/72030.304
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