CO129-513-4 Land leases in the new territories 8-11-1928 - 29-7-1929 — Page 26

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

[This Document is the Property of His Britannic Majesty's Government, and should be returned to the Foreign Office if not required for official use.]

From CHINA.

Decode.

Sir M. Lampson (Shanghai).

21st May, 1929.

D.

11.40 p.m.,

21st May, 1929.

R.

6.55 p.m.,

21st May, 1929.

No. 13.

(R).

• •

• •

8

26

Rendition of Chinkiang concession.

I discussed this with Minister for Foreign Affairs

on May 20th. As liquidation of municipal assets and

paying off of municipal liabilities is proceeding

smoothly and does not concern Chinese authorities, the

only questions to settle with the latter before proceeding

with rendition are those of exchange of our Crown leases

for Chinese deeds of perpetual lease, claims and mooring

rights.

2. The Minister for Foreign Affairs showed no

disposition to contest principle of perpetual leases

but difficulty has arisen over wording of deed of lease

(based on ordinary triplicate deed) as Wang objects to

binding his government to a fixed rental of 1,500 cash

per mou per annum in perpetuity. We agreed to have a

formula worked out probably on the following lines:

deed would state that land is held subject to payment of national land tax while a separate exchange of

letters would provide that in this particular case land

tax would remain at the present figure of 1,500 cash

pending its reorganization throughout China. The

point is a minor one at Chinkiang but the question of principle and precedent raised thereby is important.

I

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