20
21
ence to the financing of the proposed new Govern - ment buildings.
in
Mr. Smith includes
his estimate of prospec - tive receipts from Land
during the next four of $400,000 -
sales during
years
v a sum
Comitted from Mr. Comsby's esti_ mate) being the value of two thirds of the marine lot now- : abandoned as a site for Go- vernment offices (it being proposed, as stated above,
to
to reserve the
the remaining
third as an
of an
an area
of
62
one.
open space) and
some 64,000–
square feet opposite the Sail- ors Home which is no longer required as a site for the new Public Works' Store, giving
a total estimated revenue ~
from Land Sales during the next four years of $1,700,000. Of that sum he esti mates (after allowing for
for the
probable deficit of loan monies to be made up from
up from current
revenue