416
3
were assessed at what today might be termed extremely low and inadequate rentals, but this ____ anomaly of valuable town lots figuring in the Government Rent- Roll at lower rentals than 75 year Pear leaseholds is due to the great interval of years of the two, and to the fact that when these particular town lots
disposed of, for building sites had yet in the infant Colony.
were
In
between the sales
no Keen demand
arisen
paragraph 11 of the Memorial, some teak leaseholds
dre
e quoted as having been issued - for 999 years. This is correct. Two leaseholds.
leaseholds were sold to Mr Overbeek
and Mr Vaucher by dir Hercules
the signal
Robinson in 1860,
1860, near
Station. There were no roads to
the bill district in those days, houses,
na
- police, no security, and land had no value up
there,
nor wad
it
no
thought in 1860 that people would take to building houses on the hills. Two ord
ordinary
leases appear to have been issued to these gentlemen without any consideration of the general
question of leak tenures, and, as events proved, the question yet was searce worth considering,
seareely
for eleven
years elapsed before
the