and you

will be careful to avoid making any arrangements of a financial nature, either with reference to the

Island,

or with reference to the Port

or Anchorages, which might fetter the exercise of the power of the Crown in that respect.""

With regard to the location of any parts of the Island, H: Mts Govt will

allow

you

to apportion to persons

proposing to establish

themselves

sufficient space for the buildings

which

they propose to erect, and for their convenient occupancy of such buildings. But H: Mts Govt would not choose that under present circumstances any grants should be made to Parties whose object in obtaining such Grants would be to dispose of them again with advantage

to themselves. You

will of course be careful to reserve the portions best adapted for Public Buildings ; and such portions also of the shore as may appear most suitable for the situation

of the naval establishments which

it

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