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44
rates of 50 cents per square foot premium and $500 per acre
Crown Rent. In assessing the former rate the Director of
Public Works took into consideration that the site had no
frontage upon any street, that it was not a possible one
for shops or dwellings and that very considerable expense
would be involved in adopting it for a Tramway station. As
regards Crown Rent Mr. Chatham considered that $500 per
acre per annum would be reasonable considering that that
for the Praya Reclamation lots was $800. No lots in the
immediate vicinity of Murray Battery have been sold in re-
cent years.
case,
3.
Assuming, as will probably prove to be the
when new plans now under preparation for the tramway
Lan
are deposited, that all the War Department required by the
Company falls within the boundaries of the Lower Terminus,
it is proposed that the War Department should be credited
#
in the Military Lands Account with the total amount of the
premium paid by the Company at the rate of 50 cents per
square foot for the area of War Department property taken
up.
I referred to the Law Officers the question
whether under the terms of paragraph 4 of the Circular of
December 1894, the War Department could properly also be
credited