CO129-517-13 Proposal to amalgamate Sailors' Home with Missions to Seamen 3-6-1929 - 3-6-1929 — Page 11

5.

10

It will

of the proposed arrangement that the terms so far as

possible should be incorporated in the Ordinance.

also be desirable to include a section releasing the

Trustees of the Sailors' Home from their duties and

obligations under Ordinance No.5 of 1925.

As a condition precedent to the continuance of

the negotiations between the two organizations it is

essential not only that the present Trustees of the Sailors'

Home should have the approval of the Government to the

proposed scheme but that the position between the Government

and the Trustees of the Sailors' Home, in reference to

>

Marine Lot No.187, should be placed on a definite basis.

The position between the Government and the

Trustees of the Sailors' Home has slightly changed since

the years 1924/1925 inasmuch as the then arrangement was

that Marine Lot No.187 should be taken over by the

Government, the new Sailors' Home built on Kowloon Point

and the payment of $800,000 by the Government to the

Trustees of the Sailors' Home. It is now suggested that

Kowloon Point should not be used as the site for the new

Sailors' Home but that it be retained by the Government

and the new Sailors' Home built on the site to be chosen

on the Praya East Reclamation. The Trustees of the

Sailors' Home understand that the Government are still desirous of taking over Marine Lot No.187a but that it

may not be convenient to pay the whole purchase price at

and they therefore put forward as a suggestion, that the Government take over Marine Lot No.187a and pay them

$800,000 as previously arranged plus a further $100,000 in

lieu of the Kowloon Point property, in that the payment be

spread over a period of five years. The Trustees of the Sailors' Home so long as they are a corporate body, propose

handing

once,