CO129-056 - Sir Bowring - 1856 [6] — Page 334

53.

for the permission to use their wharves for landing goods, at a time when I had no wharf.

In most of those cases the rent should be a vousvival one, as

with the present price. compared with the

7

land sold for building pur poses, - but

so as to add to

but yet, the public revenu

tre

In sorve

cases the land so reclaimed

a

has been built upon, and made a source of pecuniary profit.

In those Cases I would propose higher rent, if it could be shewn that the profit has been very great, after deducting the expense

cense and the risŃ

the

“-

I here is great risk of buildings disappearing after they have been put inpor and it very often

from the wash

it

occurs I think,

of the water

undermining the ground.

:

332

If, after making all allowances

a certain amount

" of yearly profit Cat whigher rate might be employed in assessing the rent. In the case of land to be reclaimed by Government, I think that, in consideration of the equitable claims of the present

is shewn, I think that a

Marine Lot Holders, the rent- assessed should be a very moderate

that they should have

one,

a

and

rent assessed

right of preemption. I think that it should be no higher than the upon those portions which they have themselves reclaimed, - that is to say, in cases where a portion of the frontage of on

in:

one and the same lot has been

reclairned by the holder of that Lot, and the remainder afterword

completed by Government. The

rent in that case

ought to be uniform for the whole. Du