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during the current month. Meanwhile, as long ago as June,
1891, the Acting Harbour Master had pointed out that the
magazine on One Tree Island was in competition with the
Government Depot, while the Military objection to the
situation of the Magazine on One Tree Island did not lose
its strength by lapse of time. A new Government Depot has
now been built at considerable expense and therefore both
on Military and financial reasons I decided not to renew
this lease, which was given to Messrs. Nobel and Company
on exceptionally liberal terms in order to encourage their
trade. The firm has now had 20 years in which to recoup
their original outlay, and to renew the lease would give
them an unfair advantage as against their rivals in the
business.
f
I have the honour to be,
My Lord,
Your Lordship's most obedient,
humble servant,
Mangaing
Governor, &C. •