2
Rent Roll, amounted to £11,250. 6. 14. Since that time Seven Land Sales have been held,
Revenue adding £2,955 to the permanent Revenue of the Colony, and bringing the Rent Roll already up to £14,100 for the year, or £14,104 per annum,
£100 more than has been estimated for 1856.
5. Further Sales recommended by the Committee appointed by His Excellency, the Governor, for that purpose, of Land between Messrs. Lindsay's and the Caroline Ground which His Excellency may think fit to order, will, before the close of the present year, add several thousand Pounds more to the Revenue under the head of Land Rent - the main and purest legitimate source of Colonial Income.
6. The Premiums obtained have been large, but they are not a permanent Source of Revenue, and consequently not so much to be considered for future years, besides, as new roads, streets, drains, &c., have to be provided for the new localities in which Land has been and is to be sold, a great portion of the Premiums obtained must be looked on as necessary for defraying the expenses for these objects, without which the Land would be useless, and unavailable to the purchaser, and will enable Government to increase the permanent resources of the Colony.
7. The Lands next leased, and for which £250 have been estimated for the year 1856, are those held by squatters, not few in number about the city of Victoria, and all over the Island, either by their buildings or land under Cultivation. This land they hold without title from the Government, in fact they...