CO129-573-4 Royal Hong Kong Yacht Club- compensation on transfer of lease to government 30-5-1938 - 30-5-1938 — Page 6

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the strict terms of the lease the Club are not entitled

to expect any such payment. This sum is based on this

Government's valuation of the buildings as they stand.

This offer is acceptable to the Yacht Club.

4.

I have the honour therefore to request

your approval for the payment to the Royal Hong Kong

Yacht Club of the sum of $30,000 on the grounds outlined

above, and in order to avoid further delay in a transaction

that will be beneficial alike to the Club in question and

to this Government.

I have the honour to be,

Sir,

Your most obedient, humble servant,

ass. hortie con

Governor.

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