CO129-469 - Governor Sir Stubbs - 1921 [9-12] — Page 458

C-eleg

ITEM

APPENDIX

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450

Revised figures

Corresponding figures from which totala

given in my

minute of 6.2.20

(a). Expenditure

The revised figure for Governments contribution equals 411,918 aq.ft.

$1.66% per sq.ft. as against 666,994 sq.ft. @ $1:501⁄2 given in my minute of 6.2.20. The revised rate of $1.661⁄2 is in accordance with my minute of 5.7.21. The rate of $1.50% per sq.ft. is that shown in statement accompanying Ordinance.

(b). Arsenal St. Improvement

1. Estimated cost of proposed

resumptions of 3 - 9, Arsenal St. & 2 & 4, Queen's Rd. East. (I.IA 1102 2. Do. 1

-

1107 & 1099 1101)

- 4, Praya East (H.L.65 5.8)

-

$685,843

===

were obtained.

$1,003,899

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183,931 160,000

183,931

160,000

3.

Actual cost of Resumption completed of 5,6,7 & 8, Praya East (M.L. 65 R.P.)

4. Do. of Marine Rights of ML. 65, Sea.

B & R.P. (1, Praya East).

190,000

160,000

104,800

30,645

638,731

534,576

Less value of salvage land

109,350

109,350

529,381

425,226

head Improvement at East Point

stending to Great Guorage Street only

Messrs. Jardine, Matheson & Co. Ltd. are waiting confirmatory approval from home of figure agreed with Government for this resumption

26,000

8,950

Add estimated cost of alteratione to roadway and foot paths.

Carried forward.

5,000

$560,381

$434,176