CO129-005 - Sir Henry Pottinger - 1844 — Page 37

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be held at the

average.

rate at

which similarty situated lots may-

sell at the

ensuing sale, it being.

clearly understood that Government

will be entitled to all advances

profit that

transactions.

may of

The

acerul, on

17.

these

same rules as

to

improvements, bransfers, to, that have been already laid down, and. communicated to you, will of course, be minutely applied to the lots under.

discussion.

from

Your Committee has seen Her Majesty's Gracious Instructions to the Governor, that all tots-under whatever. denomination – to be sold-

are to be

2 in future,

to be put up

at

an

upset price to Public Auction, and- His veelteney thinks that that upeet price should be the same.

that

that corresponding lots, whether. Marine-

br.

Town lots, bear in

your clapification,

that the lots should not be allowed.

to go

below such upset price, and that any advance made beyond- the- upset priec. by intending purchasers should be in the shape of annual. bonus or pemium,

rent, and not of

a

the adoption of which. latter mode. would probably, owing

You.

have stated, deter

to

the

many

reasons

individuals from coming forward to bid, thereby tending to check the rapid- increase and prosperity of the. Colony, and certainty in the end; less advantageous

proving

"Revenues of the Crown...

You

to the

In conclusion. I am to inform that His Excellency will be

happy to receive, and give his best

attention: