2
It will not be large enough, although a tall building,
28
to house all but will provide enough accommodation, it is hoped,
to solve the question as there are other possible solutions for
the housing of the remainder.
It is anticipated that this building and land can be
ultimately sold for the full value of the land and the full cost
with only a little depreciation of the building.
The following plans accompany this report - A small scale
plan of the complete Development and a larger scale plan of the
first section to be prepared and sold (Section A ).
The following is a description of the manner in which the
development will be carried out including the erection of the new buildings and giving approximate dates by which it is expected the
It must be remembered various stages of the work can be reached.
that the dates given represent the minimum under favourable conditions and that it may also prove economically undesirable to place so large an area of land on the market within so short a period. Approximate estimates accompany this report which are t arranged in the form of an annual and continued balance sheet during
the whole period involved and which show the cost of all buildings
This balance sheet and the amounts realized by the sale of land.
given and it may be noted that,
accords with the programme here
commencing with the sale of the
maintained throughout the period and a final credit balance of about
million dollars remains on completion and when all new buildings
have been debited
City Hall site, a credit balance is
-
The whole of
1932. The City Hall site to be sold early to provide funds for
the work to be commenced. 1.1.580 and I.L.564 should be resumed
and the new Government House should be commenced.
Section A except a small triangle at the W. end should be prepared
during the year and the permanent building for temporary occupation
as Government Offices should be commenced.
1933. Section A (except the W. end lot and site of temporary
Government Offices) to be sold, the work on the new Government
House would be continued and the building for temporary Government
Offices should be completed.