CO129-366 - Governor Sir Lugard Acting Governor May - 1910 [4-5] — Page 434

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$1,957.37.

I recommend that no premium should be charged and that

the annual Crown Rent should be $1.00, the other conditions

to be as suggested by the Director of Public Works.

3.

With regard to the two reservoir

3

sites, Messrs. Butterfield and Swire constructed their

reservoirs without first arranging terms with the Govern-

-ment for the acquisition of the land, and as both sites

are within the catchment area of Messrs. Butterfield and

Swire's larger reservoir, which is situated on Quarry Bay

Inland Lot No. 3, they could not have been put up to

public auction. In these circumstances I have to request

Your Lordship's authority to dispense with public auction,

and to sell the sites on the same terms as those on which

Quarry Bay Inland Lot No. 3 was sold, namely, premium 3

cents per square foot and Crown Rent $100 per annum.

Quarry Bay Inland Lot No. 3 was sold by public auction in

April, 1891, on a 999 years lease: but for the new

reservoirs the lease will be for 75 years renewable on the

usual conditions. The amount of premium involved is as

follows:-

+

Reservoir Site 'A', 37,540 square feet

at 3 cents. Reservoir Site 'B', 6,340 square feet

at 3 cents..

.$1,126.20

190.20

$1,316.40