tax, lave, and the tenured to be for 75 years or
The land contains no minerals of any kind.
The with no valuable impregnation of any kind.
The situation is far from the town of Victoria, inaccessible for any business purposes except by canoe.
To show your hardship, the state of this colony is far from encouraging settlers in it.
in paying an exorbitant rate, even the best plots of ground in the town of Victoria.
I beg to mention the following facts, requesting your lordship to bear in mind, that the premises are situated within the town, and enjoy all the advantages derivable from such a situation.
The buildings of Messrs Gemmell cost $150,000. They are for sale and cannot be obtained for $15,000.
Those of Mr. Mehan cost $40,000 and will not let for this new ground rent.
Those of Mr. Rustomjee, the largest house on the Island (cost $40,000) lately sold for $10,000.
Three of the Bybus b) for considerably less than the ground rent.
The depreciation in property of lesser value is greater than in those mentioned.
My Lord, I consider one pound