CO129-502-4 Acquisition of Kai Tak for an aerodrome- provision of funds 11-1-1927 - 12-5-1927 — Page 97

Dickson

니

100

whole area coloured buff and should further acquire

the small extension maked "D" on the plan, which

lies outside the reclamation area, and is needed as

a "flight gap."

3. The figures of cost set out in paragraph

sixteen of my secret despatch referred to above

require amendment both because this small extension

has to be acquired, and because the Air Force

representative advises the covering in of certain

nullahs which cross the area. The revised

cost is, therefore, as follows:-

Amount estimated to buy out the

Kai Tak Company

Amount estimated to complete the

reclamation

Estimated cost of covering in

nullahs

Estimated cost of resuming exten-

sion "D"

£1,000.000

738,000 4

275,000

23,500

$2.036.500

Of this total it is hoped that at least £500,000

will be recoverable by this Government by the sale

of outlying portions of the area, which may

eventually prove not to be required for the

aerodrome.

4. I communicated these figures to you in my

telegram of the 10th December,1926, and I regard the

matter as of such importance to this Colony as to

justify this Government in proceeding with the

scheme from loan funds, if you concur. I propose

to negotiate with the Kal Tak Company to ascertain

the exact terms on which the area could be resumed

and to await your reply to my telegram before

completing the transaction.

5.

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