639
}
the Club is not to be dissolved. The Boat Club is composed
solely of European Members who find in rowing a most healthy
and economical form of recreation, and I consider that it
would be most undesirable to allow the. Club to becoge extinct
for want of a moderate share of Government support. I may add
that even if the proposed new site is granted, the amalgamated
Clubs will still have to incur very considerable expenditure
probably not less than $35,000, in preparing it to suit their
requirements.
-
A
4.
The area of the site is 42,750 Square feet.
At 35 cents this represents a value of $14,962.50; while the value of the,
Crown Rent capitalised at 25 years purchase would produce
(7590 x 25) $14,750. The total value may therefore be placed
at $29,712.50. I propose that the grant shall he conditional
on the ground being used as exclusively for the purposes of
the Club and the Club shall not have power to alienate any
portion of it.
I have the honour to be,
Sir,
Your most obedient
Humble servant,
Henry AMake
Governor, &c..