434
converse case. If Mr.Denby had, under a misapprehen- sion written privately to Mr.Ormsby to say Messrs Butterfield and Swire contended to give 30 cents a square foot and the lot was put up to auction, and Messrs Rutterfield and Swire declined to purchase that figure, saying Mr.Denby had written under a mis- apprehension and without their authority, surely it would not be contended that they were legally bound to buy at that price.
W.M.G.
17/3/900.
Your Excellency.
The Attorney General advises that the private commun- ications of the D.P.W.is not legally binding on Your Excellency.
I beg to submit the following figures:-
At 30 cents a square foot the premium for the two
lots would equal $399,660.
If the smaller lot is sold for 10 cents a foot equal -
and the larger for 20 cents a foot
$52,580.
equal
*
Total X
$201,060
$2.34,060.
or $165,600 less which represents the capital sum and at
40
25 years purchase of a yearly rental of $6,620100. or say a Crown rent of $200 ar acre, as we generally deal in round figures in fixing Cromrents. So the Crowu rent would have to be doubled if the premium were re-adjusted as above.
If the small lot were sold for 10 cents spsk 58, 380. and the large at 15 cents ageNÁ.
151,260
· Total. $183,640.
the