CO129-535-8 Crown leases 17-6-1931 - 16-2-1932 — Page 11

rather than ut the enhanced rent which the

land would now fetch. But since 1900

Crown Leases in Hong Kong have been issued

for 75 years with a right of renewal for a

further term of 75 years, and it seems most

undesirable that in any circumstances the

Crown should now begin again to issue Leases

for 999 years.

I do not think the Section

holders will be treated ungenerously on that

basis, and I think we should suggest it to

the Hong Kong Government.

J.A. Culder

281.32

I agree

&Glowell

28

8.5.2/2/32

at

هم

4 To for. 52 (saned) Cons 16 FEB: 1982