CO129-551-9 Acquisition of land for Air Ministry at Kai Tak 17-2-1936 - 9-1-1937 — Page 68

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debited to the Colonial Government.

In the

event of any new lands or buildings being

immediately required for defensive purposes,

the amounts of the above mentioned proceeds or

a sufficient portion of them, was paid out as

required for the purchase of the new sites and

for the construction of the new buildings, the

amounts so paid out being entered in the special

account to the credit of the Colonial Government.

If the new sites, instead of being purchased from

private owners, were located on frown lands

in the possession of the Colonial Government,

the necessary lands were given over to the

Military Authorities, and credit taken in the

special account for the market value of the

fee simple of the Crown lands so given over.

If new lands or buildings were not

immediately required for defen purposes,

the above mentioned proceeds stood in the special

account to the debit of the Colonial Government

to be paid out in the same way in the event of

funds