In deciding this point regard must of course be had to the necessity of avoiding all delay not indispensable to afford a fair opportunity for competition. As regards Lands that have been put up to Auction but not disposed of, As a general rule I should not object to their being disposed of by private agreement to individual applicants at the upset price. It would, however, be for His Excellency the Governor to decide whether such an arrangement should be permitted or whether the lands should again be exposed to Auction.
In regard to the establishment of fixed periodical Sales without regard to the applications which may have been made for land, I do not wish to lay down any precise rule. It might happen that the holding of such Sales so far from being advantageous to public interests might prove the reverse of stimulating the sale of land and encouraging speculation and ... nothing.
This however is a question on which your local knowledge and experience will enable you, better than myself, to form an opinion, and I am therefore satisfied for the present to call ... .
Page 120
Page 121
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In
that will be required. deciding this point regard muest of course
use he had to
the nccepity of avoiding all delag not indispensable to afford a fair opportunity for competition. As regards
that have
Lands
Thutuks to
Accction but not disposed
of
As a
Ishould not
object
general rule to their
being disposed of I minate agreement to
individual at the
any
upact price. It would, however, be of course for
fcourse Governor to decide
the
whether such an arrange. ment should be permitted whether the lands should
again be exposed to
Accution.
Enregard to the establishment
бр
>
118
of fixed periodical Lales without regard to the application, which maghave been made for I do not wish to
laved,
lay down any precise rule. It might happen" that the holding such Sales so far from bing advantageous to public interests sight 2
a
prove the
reverse of stimulating fictitious sale of land
laved
jothing.
and encouraging speculation and This however is a question on which your local knowledge and experience withh suable you, better than engself, To for a
an opinion
and I therefore, satisfied
for the present tocall.
Page 120Page 121
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