300
440
" reducing their net cost to about "£137,000, that the Imperial
two-thirds of
"Government shall
the charge,
&
"
pay
or about £92,000 and
" that the Colonial Government shall
"pay the balance or about £46,000,
#t
f
providing also sites for the new Barracks on
Crown lands-
The proposal, therefore,
means
that the
Imperial Government should give up sites "worth £125,000 and spend £92,000
in cash : that the Colony should find
new
sites
on
Crown lands, and should
spend £46,000 in cash, in addition
the lands they purchase
"" to the Value of
the War Department.
し
from
I am to refer you
to
the War Office letter of
this day's
date
Hong Kong 2, in
reply
to the Treasury
4279
Sommer
letter of the 12th October, raising
of
the points alluded to in this letter.
The only
other point raised
in the Treasury letter of
the 12th ultimo,
is