Governor sees no further objection to handing him over the Lease, should he apply for it.
The Lease of the Market: originally sold to Mr. Duddell by Public Auction on the 27th October 1849, for a term of five years, commencing the 12 November 1849 and ending 31st October 1854, at a monthly rental of $256.
The great fire in December 1851 consumed this market, and in consequence thereof, and Mr. Duddell's application, the Governor in Council granted Mr. Duddell the Market for a term of Seven Years Commencing the 1st January 1852, besides granting him a piece of ground and enlarging the boundaries of the Market, as recommended in the Procurator General's letter No. 3 of 26 January 1852.
I have some doubt if Mr. Duddell has fulfilled all the terms on which the Lease has been granted to him, if not, it might perhaps, at the expiration of the Lease of the Central Market in September next, be easy to come to some arrangement, with a view to enable His Excellency to bring into action a new System of letting the Markets, as I believe to be his intentions - letting the stalls separately at fixed rates, which no doubt will have the effect of cheapening the articles of consumption. Should obstacles exist to carrying out the same at the same time, they will, I have no doubt, be easily surmounted when people will only go to the cheap market, which may be the one in which the stalls are let at fixed rates.
As the town increases, new Markets will become necessary, as those now existing by Law are all in the western part of the Town. However, altering the system in force regarding Markets will not be sin...
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