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Enclosure No. 2.
Copy.
See Encl. No. 1.
Owing to the excessive cost entailed in the
formation of proposed new road as already approved, the
whole of the work being heavy rock cutting of considerable height; it has been considered advisable to revert to
the original line of Road between Quarry Bay Marine Lot
No.4 and Quarry Bay Inland Lot No.4.
Messrs. Butterfield and Swire have agreed to
surrender the area coloured blue on plan herewith, for
the area coloured red and area edged green on plan.
Messrs. Butterfield and Swire are the lessees of the
property to the North of Tai Kat Street, they are also
the lessees of the property S.E. of this Road extending
to Tai On Street. All the lateral streets between these
lots except Tai Hong Street are the property of the
lessees and they are very anxious to acquire the area
coloured red on plan to be utilized in connection with
Shaukiwan Marine Lot No.1, Shaukiwan Inland Lot 408 and
Shaukiwan Marine Lot No.2.
There is no objection to the proposal it is
of no material benefit to Government to retain Tai Kat
Street as it is chiefly a benefit to the lessees, and
access to Sea front is available through Tai Hong
Street.
The Company were offered an extension to both Quarry Bay Inland Lot No.4 and Quarry Bay Marine Lot No.4, but would not consider the proposition.
The terms now proposed and accepted by the
Company are as follows:-
(1) Quarry Bay Marine Lot No.4 to be subject to terms
as approved in Colonial Office Despatch No.185
dated
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(2)
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