the present value, I respectfully submit to your Excellency is not fair compensation as stipulated in the lease. The Ground Rent Lot 1170 was put up for sale in February 1854 and even then there was little or no competition. I was not put up at my instance, nor was there any understanding as to the purpose to which it was to be assigned. Several parties bid at the sale and it was knocked down at a premium of $180.
Regarding its present value, I beg to submit to your Excellency's consideration the following circumstances.
1st. That the full and fair consent for Ground Rent in March 1855 cannot be less than its cost in February 1854.
2D. The sea frontage is 30 feet and the Ground Rent is only two shillings and six pence per foot, equal to $10 per front foot.
3D. I solemnly declare that I have sold the lot subject to the Government resuming its carrying into effect for $1000.
4. The proprietor of the adjoining Lot 75, which the Government also notified its intention to resume, has gone to the expense of filling my lot.
8.
the present value, I respectfully entinit to your Excellency is not
مان
Jull
and
fair compensation as
stipulated in the lease The Ground
1170
put up for
Sale in Febuary 1254 and even then
clleikd come competition. I was
not put up at my
1176
there
instance, un
any understanding
to
the punhose to which its was to be aschien. Several parties bik nt
the sale and it was knocked down at a Premium of $180. –
Regarding its present value I beg to submit to your Bxcellency's consideration the following
circumstances. _
}
135
pet Kat the full and fair consenentin
2D
for Ground in March 1855 carmot be its cat in February 1854.-
Anuum
28 The Sex fintage is 30 feet and the
Ground Pant only
Rent to two Thilling
equal to twe Six rence per
$10 per
Fort..
and
3D I solemnly declare that I have sold the lot subject to the Government ust carrying its
resumption into effect frx 1000. 4. The roprietor of the adjoining Lot having less frontage than the Lot 75 and which the Government ales notified its
intention to resume, has
to the expense
gone
expense of filling my lot
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