Sessional_Paper_1887-1888 — Page 369

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RETURN No. 8.

ESTIMATED AMOUNT OF YEARLY REVENUE TO BE DERIVED BY THE COLONIAL GOVERNMENT

FROM RATES AND TAXES ON THE TENEMENTS TO BE BUILT ON THE PROPOSED

NEW RECLAMATIONS IRRESPECTIVE OF LAND RENTS.

Area of Building Ground,

Number of Tenements to the Acre,

Total number of tenements,

Minimum Annual Rent of a Tenement on the Reclamation, Total Annual Reuts of 1,300 Tenements @ $360 each, =.

Rates and Taxes on $468,000 at 13 per cent,....

26 Acres.

50

...1,300

360.00

.$ 468,000.00

.$ 60,000.00

SUMMARY.

Annual Revenue derivable from Quit-Rents,.

$20,932.00

15

"

from Rates and Taxes,

60,000.00

Total Revcune,..........

$80,932,00

No. 836.

(12.)

(Colonial Secretary to Mr. Chater.)

COLONIAL SECRETARY'S OFFICE,

HONGKONG, 23rd June, 1888.

SIR,

Referring to previous correspondence on the subject of the proposed Praya Reclamation, I have the honour, by direction of the Governor to apprise you, for the information of the marine lot-owners concerned, that the preliminary surveys of the foreshore and sea-bed, undertaken by their desire have now been com- pleted. The plans and estimates connected with this work are sent herewith.

The prolonged rainy weather during the beginning of the year, and the necessarily laborious nature of the investigations rendered it impracticable to com- plete these surveys at an earlier date.

In accordance with the desire of many of the lot-owners, the survey has been divided into seven sections, which owing to differences in the depth of water and in the configuration of the present frontage shew corresponding differences in the expense of the reclamations relatively to the areas of land reclaimed. This dis- crepancy is however to a certain extent neutralised by the fact that, speaking generally, the reclamation will be most costly where the reclaimed land is likely to be most valuable.

The estimates of the cost of reclaiming the several sections, exclusive in each case of the Government reclamation, are as follows :-

Section 1 2

.$374,232

310,854

""

وو

39

GOTH LO

3

.....

345,233

4

153,044

5

270,690

"

6

440,315

31

7

251,860

"}