CO129-604-2 Crown Leases 23-2-1948 - 6-11-1948 — Page 2

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

Gou

Desp. 38

25.2.48.

The Govenor

certain terms

proposes

which applications for the

Crown Leases made

Jeneval

after 16th

of 75 year

June 1947

will

These Terms

over

be granted.

differ from the preferential

approved for applications made

during 16th June

The

initial

period up to

1947

in

that

to be

assessed

(2)

m

file

1947

(i) premmin

(ii)

on

land values prevailing at the

time of application

re assessment of Crown vent

when it becomes due

of

(iii) the

the

the exping

original term will be based water then prevailing

concession allowing

a

rebate

of the premium up to 50% of the

cost-

of

war damage repairs has

been withdrawn

The point raised in

approving

initial but

now

telegram

the special terms for the period has thus been met

the Governor points out the Terms

proposed differ in

chose

respects hoved

Dome

Magne

recommended

Ragged green in his despatch

from

1940 file!

the

was

the assessed

Au

w

no

by

37 of 17€ March 1941.

It

ggested that premiums should developed land values up to 50% for sitting carried out the terms

with rebates

who had

leases whereas

all premiums

undeveloped land values

tenants

thew

based

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