CO129-402 - Governor Sir May - 1913 [7-8] — Page 266

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health and comfort of the European Community and of the large amount paid to the Revenue of the Colony in Crown Rent and Rates by our clients, we submit that it is a matter of public importance that security of tenure should be assured to the enterprising land- -lords who provide the necessary accommodation.

We suggest that the Land Officer should be authoris- -ed to attach a document to each Crown Lease entitling the Crown

Lessee and Section holders to a renewed lease for 75 years from

the termination of the current lease at a Crown Rent to be assessed

by His Majesty's Surveyor.

Such a course would bring the older leases into

line with those granted since 1899, when the Secretary of State

issued instructions that all lands should be leased for 75 years xI

with the option to the lessee to renew for a further period of 75

years at a rent to be assessed.

If this proposal is adopted the Trustee Ordinance

should be so amended as to authorise Trustees to invest money on

Mortgage of leases having less than 50 years to run, provided that such leases were renewable for a further term of 75 years.

We are confident that such an arrangement would

lead to a considerable development and improvement in the Peak

District, which would lead to an increased revenue and add to the

prosperity of the Colony.

Will you be so good as to lay this matter before His Excellency the Governor for his favourable consideration.

We have etc., (8d.) Dennys and Bowley. 【Sd.) Linstead and Davis. Sd.) Palmer and Turner. Sd.) Leigh and Orange.

(Sd.) Deacon, Looker and Deacon. (Sd.) Johnson, Stokes and Master. (Sd.) Mowbray S. Northcote,

(Sd.

Acting Secretary,

The Hongkong Lend Investment &

Agency Co.,Ltd.

Chater and Lody.

(Sd.) C. P. Chater,

Trustee, Granville Sharp Estate.

(Sd.) Denison Ram and Gibbs.

(Sd.) Wilkinson and Grist.

(sd.) J. Scott Harston.

he Hon. Colonial Secretary.