18
fictitiously purchased, – in other words that they were a ciò purchased on speculation for resale. On 27, indeed, deprect was paid, but the parties refused to take them, as they found they could not re-sell them to advantage. On the remaining lots, no deposit was paid, and Leases taken out for the same reason.
It appears to me that, colling the rents that should have been payable on these Lots, (had the purchasers fulfilled their agreements), the amount of the rents due on these 49 lots, viz. £1425, should be deducted from the gross rent of £15699. This will leave £14,274 as the highest rate of annual rental that has ever been derivable from the colony.
There still remain 81 lots to be accounted for that have reverted to the Government, and which afforded an annual rent yielding £2,879. Of these, 5 Lots yielding an annual rent of £185 have been resumed by the Government for its own purposes, and this sum must be deducted from £2,879, which leaves an annual loss of £2,694.
76 lots were fairly and honestly purchased, and the quit-rent paid on them; but in consequence of the progress of the colony not progressing in the way that it was expected to do, the proprietors have requested permission to abandon them, preferring to relinquish them altogether, to continuing to pay the present high rate of quit rent. Should Your Lordship therefore consider that the loss sustained by the Government ought to be calculated on the 76 lots alone, and forming the highest total amount of quit-rent to have been on the 76 lots be £2,694, added to £14,274, it seems that the loss by Government, by their lands, amounts to about 19 per cent, instead of 27, as reported in the concluding paragraphs of my Despatch of 15th November, No.89.
Kue Popy
(Signed) Milaine
Colonial Secretary
I have, &c.,
(Signed) & Go Bonham
True Copy
Colonial Secretary
18
fictitiously purchased, – in other words that they,
were
a
ciò purchased on speculation for resale. On 27, indeod,
deprect was paid, but the parties refused, whow they found they could not re-sell them to a
to take
On the
were
dr
( advantage),
ouh Leases; and abandoned them entirely.
remaining
any
22
lots
no
deposit was paid,
Low, Sencer
Leases taken out 4 for the same reason .
it appears to mer that, colling, the Ronts that scould have been payable on these Lots, ( had the purchasers fulfilled their agrements, fallacions, the amount of
•
the rents due on
these
49
lots, vis . L. 1425, should,
be deducted from the gross rent of £. 15699. This will
have £14,274
as the
14 as
highest rate of annual rental
that has ever ben wally derivable from the belony.
there still remain 81 lots to be accounted
· for that
have reverted to the Government, and which afforsed
an annual rent
yielding
resumed
of £ 2.879. Of these, 5 Lots
an annual rent of £. 185 have been
by the Government for its own purposes,
and this sums must be deducted from L. 2,879,
which leaves.
aw
annual loss of £. 2,694
04
the
少
A
312
6
76 lots. Chow 76 lots were fairly and honvetly
purchased,
and have been made usar
paid on them; but in
and
h
of, a conseguened of the
of the felony,
not progressing in the way that it was expected
to do, the proprietors have requested permission to
consider that
abandon them, preferring to relinquish them altigt, to continuing to pay the present high rate of quit ront . Should Your Lordship therefore the less sustained by the Government ought to be calculated on the 76 lots alone, and a
forming the highest total amount of quitrent to have been
the 76 lots be £. 2,694,
£. 14,274,
€274, and that
rents on
sustained
it seems that the loss by Government, by
their lands, amounts to about 19 partie's abandoning their lands,
ad
for cent, instead of 27, as reported in the concluding paragraphs of my Dropatch of 15th November, No.89.
Kue Popy (Signed) Milaine
Odonial Secretary
I have, &C.,
S.
(Aiques) & Go Bonham).
Joue
True Sopy
Colonial Secretary
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