CO129-494 - Governor Sir Clementi - 1926 [9-10] — Page 9

2.

8

consideration after the date of the notice.

The

object would be of course to stop a new boom of

speculation in land in the New Territory.

29.12.26

Mr Arnoby Jone. Bec of Blate.

جواب های

I have discoved this

question with for Buske and

also with dis f. frindle: and, in

of what has happened

view

usto date, I have

little difficulty

volution, which

in

auffesting any

will be an equitable

one

and

will at the same time not go thear

as if

we were admitting

Haz

the fovernment policy uple date. must be charged.

What I think we ought to aim

at is

some excaffement?

(a) which will enable the foxmment

to acquire auch land as

"

be required for public prepares (b) which will provide for fair price being paid

the

In order to give effect to (a) I think we must risk interpreting Convention to mean

that lend may

beacquired for any public purpose on payment of a fair price" . Joay riod", because I

afree

with far Bushe's interprétation

of the Convention and at the same time I cancer in wist der Beckett says about not exposing oursies to being accused of violating the Convention,

In order to give effect to (6) think "fair price

.ވ

should mean

fair market price" ie assessed

not only

on the actual but abe on the potential value.