8
398
9
Office
and Crosby store will be available for sale and the amount which they should realise, estimated at $250,000, added to the capitalised value, say $90,000, of rents now paid for various Government offices, which will then be saved, should more than make up the difference between the above sum of $577,000 and the total cost of the works $900,000.
9. In connection with the financial question I may also mention that during the years 1897-1900 a large revenue should be derived from sale of the sites on the resumed area of Taipingshan and, as reference to my despatch forwarding the Estimates shows, the estimated ordinary expenditure for 1897 is more than covered by the estimated revenue, taking the receipts from land sales at ...