844
LAND SALES AND SURVEYS.
2. Land Sales, Extensions, Grants, &c.-The following tabulated statement gives particulars of these:-
ANNUAL CROWN
No. of LOTS.
AREA IN SQuare Feet.
PREMIUM.
RENT.
Total.
Total.
Total.
Total.
Sales by Auction.
Island of Hongkong
20
41
Kowloon Peninsula... 21
665,118
161,948
827,006-
3,656.00) 1,832.00
5,503
100,106.00
94,217.00!
194,323.00
Possessory Agreements
issued.
Praya Reclamation Lots
12
12
101,936
101,936 1,876.00
1,876.00
Nil.
Nil.
taken up by Lessees...
Extensions granted.
Island of Hongkong
5
5
54.227
54.227
61.22
61.22
7,506.57
7,506.57
Grants on Shart Leases.
Island of Hongkong
3
130,199
87.00
Kowloon l'eninsula ....
1
5
240,000
370,199
New Territory
25.00
1.00
113.00
Nil.
Nil:
Conversions of Farm
and Garden Lots
into Inland Lots.
Kowloon Peninsula.......
4
4
212,843
212,843
970.00
970.00 1,057.59
1,057.59
Grants to Squatters.
Kowloon l'eninsula.... 22
22
296,599
296,599
2,679.00 2.679.00 45,866.75 45,866.75
1,862,870
Totals,..
89
or 42.76 acres.
$11,207.22
$218,753.91
The actual amount of premium paid into the Treasury during the year was $249,828.91, or considerably less than the estimate, which amounted to $400,000.
The following are details of some of the principal land sales:-
:-
Premium
Price per sq. foot. $14,560...... ..$3.45
No. of Lot. Victoria Inland Lot
Annual Bent.
1631
$68....
1635
28..
7,220.. ........4.00
1641
48..
""
21
4,500.........................................0.64
Quarry Bay Inland Lot
7
1,776....
..23,219..
.0.06
Kowloon Inland Lot 1117
88......
9,200.....1.21
1118
220.....
"
"}
1122
64......
13
"1
??
6,035.. 8,100.....
..0.30
.1.46
Hung Hom Inland Lot 230
82........
5,100...............0.71
231
82.
4,300...............0.60
>>
29
99
The principal item under Extensions was that in connection with Victoria Inland Lot 703, the area amounting to 16,259 square feet, premium to $2,009.67, and Crown rent to $10.22. This was really an old encroachment, which was discovered when the construction of Conduit Road was undertaken, the lessee of the lot being called upon to take out a new lease for the correct area.
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