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auction for ordinary building purposes. He estimates the value
of the site as follows. -
Premium 75,000 Square feet @ 20 cents Crown Rent capitalised at 7% 1.72 acres @ $250 X 14%
3.
$15,000
6,143 $21,143
As stated in my telegram under reference,
the proposed grant of land meets with my approval and I recom-
mend it for your favourable consideration. Sir C. P. Chater
deserves the thanks of the Community for his generous donation
and the condition upon which it is offered is one which the
Government should not, in my opinion, hesitate to accept.
I have the honour to be,
Sir,
Your most obedient
Humble servant,
Henry Make
Governor, &c..
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