CO129-390 - Acting Governor Claud Severn - 1912 [5-6] — Page 229

(

Jonclosure!.

HONGKONG.

DETAILS OF FINANCIAL MINUTE No. 25.

No. 8

1912

221

C. 0.

Laid before the Legislative Council by Command of His Excellency the Officer Administering the Government, June 8th, 1912.

..$ 431,124.00

T-WHARE AND GODOWN COMPANY'S PROPERTY,

A. The Government to take over the following proper-

ties at the values stated :-

(1.) K.M.L. 3,—107,781 sq. ft. at $1, (2.) K.M.L. 9, total area 78,521 sq. ft.

Less Praya,

23,275 sq. ft.

55,246 sq. ft. at $4,

(i) Old Praya forming part of K.M.J. 9,

23.275 sq. ft. at $0.15,

(ie.) Existing Star Ferry Pier........ (v.) Compensation for removal of buildings

on K.M.L.'s 3 and 9, the removal to be carried out by the Wharf and Godown Company and the mate- rials to remain their property,

220,984.00

3,491.25 22,000.00

70,000.00

(v.) Payment by Government in lieu of filling in the Police Basin and com- pleting the sea wall across its en- trance,

6,000.00

$ 753,599.25

B.-Wharf and Godown Company to take over from

Government :-

(i) Police Basin 71,725 sq. ft. at $4, (.) Praya in front of same 12,240 S41. ft.

at $0.15,

286,900.00

1,836.00

288,736.00

$ 464,863.25

Balance in favour of Wharf and Go-

dowu Company..

II-THE LAND ReclamatiON COMPANY'S PROPERTY.

The Government to take over the following propertice at

the values stated :-

(1.) K.M.L. 74,-125,795 sq. ft. at $4, (4.) K.M.L. 75,-126,459 sq. ft. at $4,

Total payable by Government to the

two Companies,

503,180.00 505,836.00

1,009,016.00

.$1,478,879.25