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calculated at the rate of 15 cents per square foot.
As specified in clause (k) Crown rent will be adjusted at the rate of $200.00 per acre per annum. 3. My recommendation that the area should be leased without auction requires Your Lordship's approval and as the Company is anxious to commence developing this pro- -party with as little delay as possible, I shall be glad to receive your instructions by telegraph.
I have the honour to be,
My Lord,
Your Lordship's most obedient,
humble servant,
B.E. Stubbs
Governor,&c..