CO129-484 - Governor Sir Stubbs - 1924 [1-7] — Page 40

MINUTES.

enter

into

150 years.

the

engagements

wo. guie lessees

a

usual prachine wi

wh

After

J

especially

this

County (zaw $.5.) เมื่อ

abro mi

He

to limit leach B

of 99 sean.

G. also

MINUTES NOT TO BE WRITTEN

ON THIS SIDE.

No

22.

C.S.

8913

25 FEB 24

GOVERNMENT HOUSE,

HONGKONG. 21st January, 1924.

38

amat.

سك

تیر

Risleys 44706/14.

For the

proposals preu

minute of 5/1/ir

rest.

Near

The You's

Lownd

? coppione generally with

Lautner

modification

the new bous pho. be for

፡

75 yrs.

exfularising

thish

with revival for 21 y

as above,

جموه

7/3.

agree

AE@ 13

My Lord Duke,

I have the honour to refer to correspondence

น

You 290 28 ending with Sir Henry May's despatch No.184 of the 14th May,

1915, on the subject of the renewal of 75 year leases: a matter which I submit for further consideration.

2.

The commencing dates of the leases lie, with one or two exceptions, between the years 1875 and 1901. Certain of the leases contain no building covenant, and many more are subject to a covenant which is quite inadequate for present day requirements. In some cases the building covenant has been fulfilled on part of a lot, and the remainder has been sold to various sub-lessees.

3.

There is at the present time a big demand for land for building purposes, which has resulted in proposals for the extensive development of areas held under seventy five years lease, subject always to the condition of an adequate extension of the term of the lease. Lessees are not content to accept the approved arrangement for an extension of twenty-one years at a re-assessed Crown rent.

4.

Unless there is reason to anticipate that

land will be required for a public purpose, I submit that the most satisfactory arrangement will be to grant to applicants a new lease for seventy-five years at the current rate of Crown rent for the particular locality, renewable

for

THE RIGHT HONOURABLE

THE DUKE OF DEVONSHIRE, K.G.,

&c..

&c.,

&c.