47
does not involve
any on the part
actual outlay on the
the Colonial Government,
of the
such lands
may
nevertheless
considerable
represent a very value. Under subsection! paragraph 2, of section 5 it would therefore appear quite possible that it - might be argued that-
inasmuch
As
the provision
new land cost the
of new
Colony no actual expenditure, the whole of the value of
surrendered
surrendered lands should
be contributed for any
buildings
on.
and
the new
new site,
any surplus should - be credited to the Imperial Government.
The Imperial Government
would thus obtain the
market value of the old site, and would acquire
a......
new site for nothing, which of years they
in the course.
might sell in its turn to the Colonial Government.