265
30 LIF ETERO Pidu no snojenedd eUIRY
* 88408 QRA OS Fene 1PLICA
(= 750 to even resaido e JA Lot118J1q8o dorda ieunen Jan CALCE 19: 1 (A8 10 Jul 580 10 cviky 1800d not
LEXA TEL (or wedi teid me he i HVIVIDO MO: Jedd elevnen arabil jeg vidragna doads
verted into inland or Building lots.
if 204 be taken, half can be considered as belonging to the
original lessee = 101 and half of the land being absorbed oy roads,lc.
leaves a value of 57 per square foot for the whole original area.
This estimate of 54 is much higher than the actual present
value of 1 1⁄2 # per sq.ft. for a purely fare lot given above, and
allows for a somewhat sanguine view of the future of this particular
district.
Un the above basis the price for resuming the portion requirej
by the Government would be
40 TELOK Joi
VOASA
ME FA
261 301、tev ab æJo1 0.10 to inviat coat
MULA 10 10 tivo# ADIV IGNITUDA JA
sede Truce oven togurtovos ed Las Joi me
92,347.20 sq.ft. @ 54 per foot $ 4,317.38 Allow for removal of existing dwelling 3,500.00 Compensation for Fruit Trees. 500.00 (Valuation b) $ 8,617.38I am aware that 40p per sq.ft. was paid for the adjoining
# .L. 3, but I think this was entirely a fancy price and above the
actual value, moreover, the land is in a better position, smaller in
area and tore easily handied.
It will be interesting to compare on the same basis the above
value of $8,817.38 with the Director of Public Works' offer of Ath.
March, 1909, which will work out as follows:-
Compensation for 2.12 acres = 92,347.20 sq.ft @ 3 $ 2,770.42 Allowance for removal of house 1,500.00 Fruit Trees 200.00 $ 4,470.42And in addition the conversion into Inland Lots
of the remaining area ice. 910,100 sq.ft. less 93,347 $18,053 sq.ft. less 45% for roads or 55% of the above 449,929 sq.ft. of inland or Building lots for which I have assumed in Valuation E, a price of 201 per sq.ft. Baking
a sum of
$89,985.89
and a total value of
$94,456.25
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