5.
27
most exquisite scenery, serve a few existing homesteads and hamlets, and render further agricultural and residential development possible. They have therefore a distinct civil utility which justifies in my
The new amenities offered opinion the agreement now reached locally. by them to the motorist may, I hope, be reflected in future receipts
from the petrol tax.
6.
With regard to the terms of transfer of the Kau Lung Tsai area, it is now necessary to amend certain of the provisional figures supplied in Sir Thomas Southorn's despatch No.472 of 15th August,
7%/53654/4651935.
Encl (3)
Retained
The revised figure for the cash expenditure on resumptions and formation works in respect of the area E.M.N.G. is $106,800, and the amount to be credited in the Military Lands Account in respect of this area is therefore correspondingly revised from $1,468,640
to $1,433,340.
7.
The area described in paragraph 2 B. of the despatch in
question has now been curtailed to one of 185 acres shewn as area
X.V.U.Y.E. on the accompanying plan. Cash expenditure in respect
of the revised area is made up as follows:-
CD. 49/ub.
Resumptions past and future
$6,500
Work on formation carried out northwards of the line E.F.M.Y.
12,566
Total
$19,066
8.
The amount to be credited to the Colonial Government
in the Military Lands Account in respect of this area is $2,345,974 representing as to $1,189,724 premium at the rate of fifteen cents per square foot on an estimated area of 185 acres ($1,208,790) less the above mentioned cash payment of $19,066, and as to $1,156,250
capitalized Crown Rent on 185 acres at $250 per acre. The estimate
of 185 acres is, however, provisional and a further adjustment of
figures may be required when the boundaries of the new Cantonment
have been finally surveyed.
9.
The cash payments in respect of the Kau Lung Tsai
area, which are now to be waived in accordance with the agreement
No comments yet.
Private notes are available after approval.