28.

29.

397

I am not prepared to face if your Lordship should prefer the work being done for the sole benefit of the Government, I nevertheless think it riay possibly be on the whole better to retain the form of

arrangement orginally contemplated,

and to secure for the public a somewhat fairer share of the profit by means of

by

a

premium on the reclaimed lots or

increased recit."

177.

The amount of such

precum would niuch depend on the

work, as accertained by

actual cost of the.

| borders of however ett Price's extimate

should

should prove correct, and he

asures,

me that it is over, rather than under

the mark, I think that there should

be provision for a total premium of

at least one million of dollars, or

a

· for.

and

• proportionate increase of rent; that the allottees of the reclaimed land

owners

a-

should further be required to pay reasonable compensation to the present. of wharves, who (as will be. - -observed from the correspondence with thee ) though expecting nothing if the scheme were undertaken solely for the benefit of the Government,

claim

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