E
equal
263
ment of the Land which reverts to
the Crown on
expiration of 99 years. The annual revenue to be
derived from rates as the property
developes.
The establishment of native
industries ui a
part of the Colony
where ample room exists for further extension.
11.
and lov
With these fact in view
looking
more to the future
than the biomediate benefito to be derived from this scheme I ausomit for the favourable consider_ anon of His Excellency the Governor
building
granted
that a
lease be cra
for the land on the following - conditions viz..
einto the
That the Lessee pays Colonial Treasury within one mouth of the granting of the concession
a sum calculated at the rate of $10 per acre, and an annual
croww
crown rent, in two half yearly
instalments, calculated at the rate
of $20 per acre.
That within three years
from the date
CV
of
the concession.
of not less than $2,000 for
acre
or other
every
granted be spent in the construction of buildings rateable improvements and within a further period of three years the total thus expended shall not be less than at the rate of $5,000 per
acre.
That the Lessee shall
construct sewer, dracin, herb and — channel the whole of the roads and
streck and
carry
out the whole
the works connected therewith. and the reclamation to the satis- faction of the Director of Public
Works.
That the roads, severs and
drain situated therein shall be