CO129-523-1 Reclamation work at North Point- a general plan of port of Hong Kong showing extent... 27-12-1929 - 12-6-1930 — Page 23

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SUMMARY.

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Mr. Kwik Djoen Eng was induced to modify his

original scheme by two main considerations.

(a) The acquisition at a price of the "area coloured

blue" with a view to recover part of the original frontage

of his property, of which he should never have been

deprived.

(b) The advantage to be gained both for himself and the Colony by making a scheme a part of the Government's much larger and more up to date scheme of development.

Of these "A" should have been granted uncondition-

ally, and probably would have been, if he had stood out for

On the other it, and firmly declined the vertical wall. hand "B" has completely failed since it is obvious that his original scheme would have suited him just as well,

this fragment of the larger one.

To attain these objects he has

as

(c) bought and paid for far more land than he origin-

ally wanted, and yet has little more building space than

he would have had under his original scheme.

(a)

spent on the works more than twice as much as

originally contemplated.

(e)

been delayed about two years with consequential loss of interest (the original scheme would have been

completed in 1925).

In these circumstances he has asked me to put

the following proposition before the Government

(f)

That the Government repurchases the whole area

This is half from him at the price of $7.50 per foot.

the value put on the land by the Director of Public Works

in his letter of the 10th October 1923 No.13 Q.V.

or

(g) Refund to him the difference between the estimated

cost