appear to me satisfactory :

and Snow Proceed to

Communicate to Jone

the

Conclusions at which I have

arrived after a careful

Consideration of the Papers

before me.

56. Dam Prepared?

adopt your

I

views with

to

regard to the end we are professing of altering the Insuch

State of Perils, and who the

lescaminous recommendation

of the Committee report Individual cases, as

detailed in the Separate minute of the

Surveyor

General, cases which can

only be properly decided by Persons possessing knowledge

local

to the

6th But with respect to the

Rule of Competition to be

adopted in future Sales, I

have reason

to modify

the

opinion which I communicated to you

in my Despatch

$ 109, of the 15 of April 1869.

a general Rule, the sale of property

necessarily

N.B., that, as a

at a jack rent is


in the nature of a Sale Credit, and encourages speculative purchases Commensurate less with

the actual capital of the

with

Purchasers than their

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