Loud
avers (subject of remove to the approval of Her Majesty's Government. the Levind won't lift the rates; always provided that Lot No. 18,
pay
sous
12, 13, 11, 5, and 10 be paid as per arrangement stated in the Subbrouse
According to my take us me would more than at the rate of 186 pence for 1to square foot, whilst the rate of some (on the leased ground) as high as 261 pence for the same area
If loud. I know it may be urged that the lots lately sold would have to pay less than the rates which are shown properly Return; this is not fair true if these lots have to pay merely the annual ground rent, but it must be remembered that they paid or high premiums $25,451, and further, that the
- filling up and building the seawall costs the proprietors, as per Contract notably made, $16,000 more, making a total outlay
of $41,451
in ready money of $50,000 on 6 Lots, the extent of which are 17,185 square feet. And, taking $51,100 out the present rate of speculation, or
present rate
per £, we have a capital of £19,571—the interest on which, at 7½ per cent per annum is £1,500, to which add £257.10 Annual Ground Rent, and you find the
the total charge to the proprietors is £1,757.10 annum, or at the rate of 354 pence per 100 square feet, and thus falls to the ground the argument made one of by the old Landholders of paying higher rates than the purchasers of land of more recent date. They plead that, because Government has hitherto neglected to notice the circumstances, it was by such neglect given a tacit sanction to the action of the Marine Lot-holders and they therefore point to make this a pretence to claim the bond against Boat from