granting such leases was undertaken. They granted a 99-year lease of Marine Lot No. 2 Extension. Leases of Marine Lot No. 3 were also granted for 99 years.
This, however, did not satisfy the Governor, who contended that the ordinary rule of 75 years must apply with an option of one renewal for 99 years, making it effectively a 174-year lease, or in some cases, 198 years. They commenced by asking for the lease of Marine Lot No. 2 Extension to be for 999 years on the ground that they were going to build a dock on ML No. 2 & ML No. 2 Extension.
On this condition, Chamberlain agreed to their request. The Company accepted the condition but in Oct 1901 came again to say they were concerned with the Company promoting operations and the exact extent to which the public will apply for them. The mortgage securities of the new company were exceptional.
The firm had to show that they had discovered that ML No. 2 + Extension was maintainable for a dock and that they proposed to build there instead of on patent steps. They then asked for a lease of Marine Lot No. 3. We agreed that they might have the latter lot also on a 999-year lease.
In March 1902, the Company applied to the Governor to have Inland Lot No. 6 included on a 999-year lease, and this too was agreed to.
The next step was when the Company asked for a 999-year lease of land for a dock, suggesting that it would outlast the Company. The suggestion that to enable this, the Hongkong should throw away for nothing an asset worth many thousands of pounds when the present lease falls in, was met with the argument that only their success in the past could have led to such an application.
The past concessions were at least granted in order to see a large dock built. Now, they asked for the concession, which would bring no advantage at all, without compensating the public.
Page 3481
Page 38722;
35-233
GR18667/02
Drc'04
2924/04
granting
such leases
Avas
(aken.
They
WIH
granted a 99 420
marine dot no 2 Extension
leases
of
of
Marine
поз
Lot no 3 also
D
99 yrs
lease of
nserve
voir
get through
tres
Thi's however Eid not
མ་
the Governor was
3481
that the Sofs conardend that
the ordmary rule of 75 years must
all with option of
ful and Lot no b
-ie mally one nnewal
198 yrs
on how so they commenced by asking for the lease of marine hot no 2 Extension to be for 999 years
the ground that Abuild
they
Tw
going
38722;
no a Sock on MLTO 2 & M L NO 2 Extension
On this condition WChamberlain
3
agreed to their quest
Qomo
case.
Quin
The Co accepted. the condition
but in Oct 1901 came again
tosay
apply.
We an
of
concerned with
the Company promoting operations
the firm
Oy
the exact extent to
which the public will apply for
them the mortgage
Sebruluns
of
Rear
а
150
years
lease
Exceptional
new
company.
与
35-233
이
the firm
to show
that they had Siscovered
MC 2 + Extension tobe maintable for
a Sock - that they proposed
buld ther
to
mstead 2 patent steps
abbails the Sock
Lotno 3 - 4
they
Marine
then fon
aske 5
lease. We agreed.
that they might have the latter
lot also
on 999 yrs
In march 1902 the Co applied to
the Governor to have duland Lot hob
enslerad
брада, что
as will on a 999 years lease, & this too
agrist. 1o.
The next step
was
18667
02
Drc'04
2924
04
when the ce
asked for a 999
years lease of land for
will Soubitess outlast the Company,
& the suggestion that to enable
a
slightly bitter
application list the Stong kong
should throw away for nothing
will probably
asset which
worth
many
Chousands
br
Soo
Atten
of pounds
Whim the present lease falls in
alourd that only their
is
So
success
in
the past could have
application
led to such
The past concessions wer at least granted in order
seeth
to
large dock bring built
now asked for
the concession
would bring to the host no
advantage at all a.!,
compensating
H
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