CO129-551-8 Acquisition of land for Air Ministry at Kai Tak 12-1-1935 - 1-1-1936 — Page 2

2

1.35.

presumes

value

C l'eli

Land

Chaten

(1) Sw. til 12

Au m

Menesliz

12 -

Accepts

veling.

mill

pay

current

addition

K

consolidated

Crown

vent.

2-

It appears from paragraphs 4 of (5)

2-

and paragraphs and 5 of (6) in 33816/34 that the

offer of the Hong Kong Government to sell the

lands in question to the Air Ministry on the terms

set out in the Government's letters of the 10th

August, 1933, and the 19th September, 1933

(enclosures 1 to (5) and (6) in 33816), as modified

by subsequent correspondence, has been accepted by

the Officer Commanding, Royal Air Force Base,

Kai Tak. I do not think, therefore, that the

Hong Kong Government can now, in these cases,

ask the Air Ministry to pay the full economic

value of the land in addition to, twenty-five times

the annual Crown rent referred to in sub-

paragraphs (a) of the letters of the 10th August

and 19th September, 1933. The price which the

Air Ministry should be asked to pay for these

lands should, therefore, be respectively $41,025

and $173,492.

The

? Telegraph in reply to (1) as follows:

I agree that in future cases of

transfer of land Air Ministry should be asked

to pay current value in addition to

consolidated Crown rent, but in these cases in questio

since specific terms have been offered to and

accepted by Air Ministry, I propose to inform

Air Ministry that I approve transfer on terms

and conditions set out in letters of Hong Kong

Government