CO129-389 - Governor Sir Lugard Acting Governor Claud Severn - 1912 [3-4] — Page 159

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157

Brought forward £776,037.31

(vi). The Government to remove the existing

walls and pierre perdue and to fill in the Police Basin at an estimated cost of, say,

Total

B. The Wharf and Godown Company to take over the following properties at the values stated:- (i). Police Basin 71,725 sq.ft. at 84 (ii). Praya in front of seme 12,240 at

20.15

(iii). Strip of K.M.L.3, 60 ft in depth

alongside Salisbury Road 13,525 at 84

C.

$286,900.00

183.60

54,100.00

Balance in favour of Wharf and Codown Company

15,500.00

$791,537.31.

341,183.60

8450,353.71.

The following conditions which were discussed between us will be recommended to the Directors for acceptance:-

1. The Government to grant to the Wharf and Godown Company the right of erecting in the immediate vicinity of the existing Star Ferry Pier a new pier of such dimensions as may here- -after be agreed upon.

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2.

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.(ii)

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17.05

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The Wharf and Godown Company to erect such new pier at their own cost for the ordinary ferry service and also for the railway service.

No premium to be paid in respect of an area equivalent to that of the existing pier, namely 4,000 square feet, but premium

at the rate of $1.20 per square foot to be paid for any area in excess of 4,000 square feet.

Crown Rent to be paid in accordance with the Piers Ordinance, com.encing from the date of the cessation of payment of rent for the existing pier.

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5.

The new pier to be subject to the provisions of the Piers

Ordinance, 1899.

6.

The pier and rights to be leased for a term expiring on the

31st. December, 1949.

D.

The following conditions are stipulated by Er. Osborne on behalf of the Wharf and Codown Company:-

1.

No part of K.H.L. 9 to be utilized for other than public