CO129-523-7 Removal of Navy Armament Depot from Hong Kong to Stonecutters Island 6-2-1930 - 8-1-1931 — Page 26

NO CONFIDENTIAL.

HECEIVED

8 OCT 1930' CUL. OFFICE!

626

GOVERNMENT HOUSE,

HONG KONG. 4th September,1930.

4

My Lord,

I have the honour to acknowledge the receipt

of Your Lordship's confidential despatch dated the

1st of April,1930, on the subjects of the removal of the

Royal Naval canteen and the magazine accommodation at

Hong Kong.

THE RIGHT HONOURABLE

LORD PASSFIELD,

2.

I have given this matter very careful

consideration from the point of view of this Government

and, with the concurrence of my Executive Council, would

recommend that the Admiralty should be offered the agreed sum of $2,000,000 in four half-yearly instalments

in consideration of the evacuation of the Arsenal Yard

and Kellett Island Magazines.

3.

From this sum will be deducted, in the case of the first instalment, the agreed sum of £16,258 for an exchange of land which is necessary in connection with

the work on the Praya East Reclamation. For this the

Government has already available $236,259 which may or

may not be sufficient according to the rate of exchange when the transaction takes place.

4.

&C.,

&C.,

&c.