{
Conclosure 1.
527
premium at the rate of 15 cents per Square Foot and Crown
Rent at the rate of $450 and $600 per acre in the case of
Marine and Inland Lots respectively. The reason for the
smaller Crown Rent in the case of Marine Lots was that these
were to be used for boat building yards while the Inland
Lots were intended for tenement houses yielding handsome
rental. The total amount due to the Government under this
scheme was $42,072 in premia and $3,447 per annum in Crown
Rents.
3.
The Marine Lots coloured blue on
the enclosed tracing were immediately taken up,
but the
extended leases for the Inland Lots were not readily ac-
-cepted owing probably to the poverty of the original les-
-sees.
4.
For various causes nothing further
was done by the Government in the matter until the year
1903 when it was found that most of the lots had changed
hands without record being made at the Land Office or
Treasury.
5.
The owners of the lots coloured
red on the tracing and of lots 965 and 971 coloured green
have now been found, and they are prepared to accept 75
years leases upon the above mentioned conditions. The lots
F