398 We 17812 such
4. There is no room here for any distinction as that which it is proposed to establish between the fee simple value and the value of the right of user enjoyed by the Secretary of State for war.
The paragraph seems to Mr Stanhope to clearly establish the principle that the saleable value of the land is to be the value recorded by the Colony. Any other interpretation seems inconsistent with the terms used, for obviously, no sale to a private person of the peculiar rights enjoyed by the War Office would be possible.
5. Mr Stanhope fails indeed to see that there are any equitable grounds for arriving at any other conclusion. It is in para: 2 of Your letter under reply and para: 3 of your letter of 4th December (not November) that what the Military Authorities surrender is a right of occupation only: but the right of occupation for an unlimited