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land in private ownership and should charge the Club for the whole area required a consolidated rent made up of 4% on the purchase money expended by the Government and 81 an acre on Crown Land which it had not been necessary to resume. The lease of the whole was granted to the Club on an annual tenure.
4.
The Club in their letter of 23rd March, 1914, referred to above, enquired whether the Government would be pre-
pared to cover all the land in the hands of the Club by one form
of tenure only: a proposal which involved the payment to it by this Government of the sums it had expended in the purchase of the
75 years leases purchased to form the 18 hole course, in consider-
ation of the surrender by it of the 75 years leases and the
substitution of an annual tenure to cover them all. The Club
pointed out that far the greater part of the large number of purchased leases represented very small scattered plots, and that
as all the small landinarke had necessarily been destroyed in the
work of construction it was for the future entirely impossible
to distinguish the various forms of tenure on the ground.
5.
I caused the Club to be informed that I would
recommend the proposal to you for favourable consideration on the
following conditions; -
6.
(a). The amount payable by the Government should be the
original sun paid by the Club, viz. 88,749.31, which it was understood contained no item for compensat-
ion for crops.
(b). The Club to pay 4% interest to the Government on this sum, and to continue the payment of the Crow
rent on the lots concerned as if they were still
held on long leases.
(c). The tenure to become annual.
(d). The Club to undertake to expand the amount so
reimbursed to them in improvements on the Golf
Courses.
The Club accepted these conditions and has during
: