and the Premium realized is $4,050.

The premium would undoubtedly have been larger but for two causes, the heavy expenditure in filling or clearing and building the sea-wall that each tenant must incur in making his lot available, and the delay in the sale, which am certain would have had a more advantageous result had the Government been enabled to bring the land into the market at an earlier date.

Sin T. Rogers.

£3915

1. the annual

I have the honor to be,

Sir,

£845.15.

Your most obedient Servant,

Revenue.

To £48. 0d. He resprinter

87.3/10

£14.

330

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