326
premises and an
adjoining emply
lot of the
invited
of others, whether nominal or not- was to be He also objected to
$ 65,000,- 40,000 were to be paid at once, and
the remainder in annual Instalments of
# 5,000 without interest.
5.
mae
The Governor's Instructions, as fully set forth in the accompanying memorandum from the Attorney General, forbid
than
the disposal of Publie land here otherwise by Public Sale. I therefore said that I would have the land put up for sale at the
above sum as a Reserve price, that being
the course
when I sold a lot
followed
in 186
1867
to the Pacific Steam Shift Company for
$66,000-
Mr. Smith, however, peremptorily
declined having any further concern in the
matter,
which he
if on disclosing
1vas
disclosing the full amount
prepared to give, the competition
Enclosure
against him.
such a delay, as it would almost render.
the proposed purchase almost useless to him -
as he required the think to meet a most -
and immidiate demand for space
prefsing
b.
There
was no doubt that Mr. Smith
would at once have commenced building
the required temporary stores and Godowns
on/
some adjoining land which he had purchased;
And as it
improbable that
any other purchaser of the mint would turn up for yours.
was ~
unwilling that the chance of disposing of the mint should be lost. Therefore, by
advice of
the Attorney General and the Executive
Connait, I consented to enter into a contraef
him with Mr. Smith stipulating to give