56 1
*
327
3
assessing the saleable value of the land at the tuce of its surrender. That is the asset which the Colony comes into possession of, and if it sells the land, that is the value it receives. If afterwards it provides other lands, that is the vakce which acould regalate its tiability, If a lower vaka, nigh the valice of a without definite laid; and eckich it would therefore be impracticable to assess, were adopted, a similar lower value would have to be assigned to the user
pany lands subse quently provided by a Colony: the result would therefore the practically that same
4. Even in the uiterest.
If a Colony contention seems to be unnecessary, seeing that, in the event of the War Department. surendering profarty sey for example £ 100,000 for simple valice, the War Depart- -ment interest therein being that of sccupation the Colony would only be required at a futiere date to hand over to the War Department; is the sccupation of a property of the for simple value of £100,000.
= x 7
the
The
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