Hugh M. Cox Supp
7 Castle Terrace)
Cowad
C.O.
40522 737
dale of Right
5th Nov REG & NOV 03
Cagals Adviser to the Secretary of State for the Colonies
Dear Sir/
By the mail from Hong Kong received yesterday, Mr. Stephens informed me that the Reclamation land in front of Marine Lot No. 184 has been sold to China for the sum of $133,500, with an additional sum of $15,000 to be paid for the right of erecting a Pier; this giving a total sum of $148,500.
The estimated cost of reclaiming $32,897, and if this be deducted from the $133,500, there remains a profit of $100,603, not $115,603 as previously calculated.
Before the Reclamation Ordinance was passed, I knew that the reclaimed land would yield a large profit, yet this profit would not meet the obligation of the Crown to compensate in the way promised by Governor De Vaux when he passed the Ordinance.
Relying on the promise made by Governor De Vaux, we did not accept the offer of Government to allow us to take the reclaimed land which has yielded this profit.
We knew that the Hong Kong Government was one of continuity, and believed that the promise made by Governor De Vaux would be carried out, even if it might be grievous when the admitted obligations of the Crown had to be met.
The Award of $15,000 made by the Acting Governor General Blake does not meet that obligation.
The result of the sale of the new Marine Lot clearly shows the value of our old Marine Lot, and that Messrs. Leigh & Orange have not over-estimated it at $283,000.
The new Lot contained an area of 15,200 square feet, whilst...
Hugh M. Cox Supp
7 Castle Terrace)
Cowad
C.O.
40522 737
dale of Right
5th Hove REG & NOV 03
Cagals Adviser to the Secretary of State for the Colonie
Dear Sir/
By the
Whitehall
the mail : from Houghtong Received Jesterday, MW. Stephens informed, me that the Reclamation fuckerday. in front of Marine Lot ko. 184. has kaon fold to Chinaw
for the purse of $133,500, with an additional purm of $15,000 to be paid for the right of practing a Pier; this giving, a tot el: pam of $145,500.
The estimated, Brot-
1 of reclaiming,
Bras
$32.8971
and if this be deducted from the $118,500, there revi
profit of $115,603.
A
Before the Redamation Ordinance was passed the Il new that the proclaimed land would field a large prof it, yet this profit-would not most the obligation of the Crown to compensated in the way promised by Governor Der Vax when passed the Ordinanca,
Relying
the
Hongthing
that promise, the did not accept the offer of
Government to allow us to tatte the parkaimes land which has yielded this profit--
We Knew that the Hongthong Grainment was one of Continuity, and believed that the promine made by
Governor De Veux
troud k Curred out
lak
might be Graersive when the admitted obligations of the
brown had to ho met:
The Award of $15,000
made by the Acting Sparmor
General Blas does not meet that obligations.
The pesult of the tale of the new Marine Lot-Phones clearly the value of
our old Marine Got, and that Mrs. Leigh &
Orange have not over-gotionched it at $283,000.
"He how Lot Contained an. #law
of 15,200 fait, whilet
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