14.
15
in the event of the land be ing resumed for any pu-
are
blic purpose.
incorpora- ted into new leases, I anti
cipate no
difficulty in readi by effecting sales on such
terms.
(b) "Reducing the premi- um on sales of Crown Lands " from 50% to 60% according to locality!
Since your instructions.
were received, sales of land
on
lease for 75 years
in the
vicinity
332
vicinity of Kennedy, Macdon-
nell and Bowen Roads, have fetched the usual prices. "This is the only criterion by
which one can
judge of the effect of your proposal. It contradicts the statement of the Chamber of Commerce.
As for the
the future, the
~
fact that the amount of available building land in Victoria is limited indicates
rather that prices will be maintained than that they
will