133
drawbacks. Already the inconvenience is felt of the inability to grant for long leases in the New Territories land leased by the Crown in Kowloon and the New Territories.
Moreover, the minds of the inhabitants, who are well aware that the existing leases are terminable ones (75-years renewable at a re-assessed rent), are discouraged as the base remains for a little period. As is in vogue for the old Territory, long leases are preferred.
As years go by, this inconvenience will be more and more acutely felt, the investment of Capital in the area referred to will be discouraged, and the development of the country will be seriously prejudiced.
These points have no doubt abundantly forced themselves on the attention of His Majesty's Government, but I venture to advert to them as political events may possibly in the not distant future afford an opportunity of putting our tenure of the Country on a...
133
drawbacks. Already the inconvenience
is felt of the inability to grant for
the brown in Mow
land leased by the
the New Territories
Moreover the minds of the
inhabitants, who are well aware
that the ex
existing
have is
A
will remain an
-
terminable one
Kowloon and
do gord
a titte (75- gears
Anewable
sittred
long
as the base remains
for a little period at a re-assessed
Aron rent)
Li
as in vogue for
old Territory.
As gears go
this inconvencenu
will be more and more
acutity
felt, the investment of Capitat in
the area referred to will be discouraged, and the development of the trantry's
seriously prejudiced.
Whatitis.
These points have no
doubt abeunty
forced themselves on the attention of
His Majesty's Government, but I
Venture to adourt to them how do
political evento
May possibly
cri
the For best
in the not distrat
future afford an opportunity of
putting
our tenure of the Country in
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