12.
13.
663
the whole number._
lots would be $4.00
each,
marking
$5,400 for This
sum
deducted from
The
$ 50,000 which the road is to
cost, leaves a balance of
$42,600.
$42,
The brown Rental for the 21 lots at $80 would be $1,680 per annum, or, in other words, the
$412, 600 would earn nearly 4
per
cent
per
annum.
The above calculations refer only to lots having frontage
d new road,
on the proposed
but it is to be presumed that important a thoroughfare
as
the latter would become, would
speedily develope occupation roads
and behind the front
paths to the sites lying
Now
the sale and lease of the
・of lots;
second row
of lots
would no
increase
doubt very materially
revenue of $1,650 derivable
the
from
the
front
These
row.
remarks
only refer
to that part of the propo
osed
new road lying between Government Gardens and the
Magazine, for I do not
think it There
very probable that
would be
any
for lots beyond the
demand
Magazine
owing to China tenements which make the Wanchai neighbourhood