CO129-148 - Public Offices & Others - 1870 — Page 68

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that the building, havingben erected for minting purposes,

are

useless for almost anything elee,- that the Military & Raval authorline on the of oh, decline to have any thing to do with them, _ and that they are deteriorating invalue wvery mouth. In there circumstances he considered

it fortunate for the Colony that Mes & Smith, representing a Sugar refining Company, have offered to purchace a 999. years trave of the premiers for 405000.

and an annual

of $1000.

of

·

ground rent

the $63.000.

$40.000. were to be paid at once

and the balance in 5. annual

instalments

of $5000. without interest . This offer was acepled =

but the Governor found that his instructions precluded kim from selling public lands excapt by auction. _ the Keps Smith, however, objected to a sale by auction, and declined to go on with du haucaction if

that condition was insisted on. Rather than lose the chance of disposing of the Mint, which

again for Sir Richard by the adone

might not occur

pars,

of the Attorney General and the Executive Council waived the sale by auction, and entered into a conditional contract