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is level, it would not be absolutely necessary to build a sea-wall, and the whole site is more suitable for the company than the other.
I am quite aware that the proprietors of the ground adjoining objected in a certain degree to the establishment of the dépôt there, which I believe was the reason made for the other lots.
The above lot is one of considerable value, and would be a most desirable locality for a mercantile or other residence, and in fact, with the exception of the Albany Godowns and Marine lot now quoted, is the only available building lot remaining.
It is certainly of consequence to the Company, the description of ground they have to deal with, and there cannot be a doubt as to the respective values of the lots in question;
Lots Nos. 29 and 30 being immediately adjoining Chinese property, would never bring the same amount of money if put up for sale as No 64, which is separated from the lots on each side by a drain, and thus access is obtainable at the sides as well as in front; the difference of rent too is considerable, amounting to nearly £100.
In conclusion therefore I beg to state that the Company would derive considerable benefit by the change, and the Government would be losers to the above amount. If the Company is to be fostered and encouraged by the Government for the benefit of the whole community, the difference or loss of revenue sustained, will I hope be counterbalanced by the prosperity of the island and the sale of Government ground consequent upon the change in a mercantile point of view, and a demand produced for more building sites.
(Signed), Chas St. Gee, Surveyor General
True Copy
Colonial Secretary