CO129-525-4 Writing off of public money 20-2-1930 - 2-6-1930 — Page 20

NO93.

Aned Q

GOVERNMENT HOUSE,

HONGKONG, 20th February, 1930.

bo

My Lord,

I have the honour to request Your Lordship to

authorise the writing off of a sum of $1,829.52 due to the

Goverment by a Mrs. L. N. Remedios for interest fram April

to December, 1929, inclusive, under a mortgage for $28,700.00.

2.

The circumstances in which the mortgage debt

was contracted were as follows:

-

In July 1918 Mrs. Remedios (then Mrs. da Silva)

purchased Inland Lot No.2237 situate on Bowen Road, and

erected thereon, at a cost of approximately $100,000.00,

house the building of which was completed in October, 1922.

Owing to labour troubles the cost of building

a

greatly exceeded anticipations and, in order to raise the

necessary funds for completion of the building, the owner was

compelled to sell another house which belonged to her.

After the completion of the building the owner

raised sums of $47,000 and $10,000 by mortgaging the premises

to the University of Hong Kong and Mr. C. F. de Carvalho

respectively.

At this time the value of the property was

probably in the neighbourhood of $100,000.

THE RIGHT HONOURABLE

LORD PASSFIELD,

&C.,

&c.

&C.,

In

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