152
*&
3.
Ultimately the Dock Company wish to ac-
quire and are at present negotiating for the entire area shewn
by the dotted black lines on the plan which accompanied the
letter of the Chief Manager of the Dock Company. This will
involve the closing and sale to the Company of further por-
tions of Hill Street, Market Street, and Bulkeley Street, and
I have now to ask for your general authority to sell them the
necessary additional portions on the same terms as in the
present case as soon as the Company applies for them.
4.
I recommend that the term of lease of
the portions of Streets which I now propose should be leased
to the Dock Company he 75 years with the usuel option of re-
newal for an equal period at a re-assessed Crown Rent. The
leases of the adjoining private property which the Company
has acquired are for 75 years. The Crown Rent should be at
the rate of 7600 an acre.
I have the honour to be.
sir,
Your most obedient
Humble servant,
Amay
Officer
Administering the Government.