From this the great value of the Lots will be seen, and it also shows that Government was not put to much expense in building the Nullah. The amount spent on its construction, $10,485/4 (see Report and estimate) was far more than covered by the Premium ($17,000) which the Lots fetched, and in fact was nearly covered by the Premium on one Lot only.
Further, when in addition to annual Ground Rent and Premium the expense incurred by the tenants on the wall is considered, it is not unreasonable to suppose that the undertaking of the Government to construct the Nullah had a large influence on the biddings, and that without such undertaking the high Premium would not have been realized.
I note that I ought to have supplied more information than is given in my dispatch and the accompanying estimate, and I regret that I did not do so, but it seems to me that probably my use of the expression "Keeping faith with the French Government" is one cause of the suspicion with which my dispatch has been regarded. I added "the French Government" who are the holders of the two...
Page 230
6.
From this the
great
value
07
the Lot's will be seen, and it also
shows that Government
>
was not
in building the
put
to
expense
Nullah is
the amount
of its
(не
construction, $ 10,485/4, (se Report and retirnate) was far
more
covered by the Premium ($17,000) which the Lots fetched, and in fact
was
on one
nearly covered by the Premium
Lot only
Further when in
addition to annual Ground Pant
incard Prays and Sea.
and Premium the
expense
by the tenants on
wall is considered, it is not
unreasonable to
suppose
that the
undertaking of the Government
"
}
230
to construct the Nullah had a
large influence on the biddings, and that without euch untalaking the high Premium would not have been realized.
I note that I ought to
" have supplied more information
" than is
given in
and the a
my dispatch
ing retirnate
accompanying
and I regret that I did not do so,
but it seems to me that probably
to
my use of the
the expression "Reeping
" faith with the French Bovernment. is one the suspicion with which
my dispatch has been regarded-
I added "the French Government
斥
" who are the holders of the two
〃
C
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