CO129-604-2 Crown Leases 23-2-1948 - 6-11-1948 — Page 40

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

(b) I think it is difficult to justify calculation of

premiums on land values only, where the land is

already partially or fully developed, even with

the condition that existing buildings should be

kept in good repair.

good I think there is a case

人 for making the basis for assessment of premiums

in all cases the developed area of the land.

Unless you have further comments, the statement should be altered accordingly.

!

Page 40Page 41

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