20
249 that the Crown and-
Suburban lots already
granted should be rated afresh, and should be
divided for this purpose
into different classes: 3rd, that all future Lots
should be put up to Auction and that the bidding of Purchasers should be
for the annual rent,
instead of for a fixed rent:
with a premium to be
settled by competition.
To these views Sir H. Pottinger
acceded, merely adding
that should
any
individual
deem his Lot overvalued,
of the Board of Revenue,
he should be at liberty
to hold it at the
Average
rate at which similarly
situated lots might sell-
at the approaching public
Sale.
This Sale took place
not long afterwards. The Minimum price affixed to the lots was the same
as that placed on similar lots previously
granted, and the result was that while the
upset price of
The Lands
£1300,
amounted to £1300,
Free
sold by Auction
they
for £2000, sufficient evidence that the former
valuations had been
Moderate