433
it had to be borne in mind that unless purchased now there will be little probability of the Government being able to get possession of it except at an exorbitant rate when it is actually required. I am authorized to say that if Your Lordship approves of the purchase the amount will be readily voted by the Councillors. As to the advisability of buying the Lot from the Military Authorities for the Colonial Government, there is no other plot of ground available for building purposes in that neighborhood. Enquiries were instituted and calculations made, which induced me to suggest $30,000 as a fair price to pay for this property. It was submitted informally to the Members of the Legislative Council, and the Unofficial Members took time to consider the fair value of the property, and their estimates varied from $30,000 to $40,000. It was understood, however, that if the purchase was effected, the Government would grant the present lease for the buildings (and ...
8.
9.
433
it had to be borne in mind
itie
propertig
was
that unless purchased now there will be little probability of the Government
being able to get posesion of it
exccept at an when it
eschorbitant rate
mony Neuter is there
be actually required.
any
authorized to say
that if How
that amant will be
J
Lordship approcies of the purchase
be readily voted by the Ceannails lamail. As to the advisability of
buying the Lot from the Military.
Authorities
for
The
- of the
Colonial Government there
other plot
of-ground
no
and in that neighborhood
available for building purposes.
Enquiries
10.
were instituted
and calculations made, which
induced me to suggest-
ao
a
Like
$ 3 $,0 0 0
fair price to pay for This
property. informally to the Members
was submitted
of
the Legislative bonmail, and I'mm
was
The Unofficial
Unofficial Membus
question. The
look time to consider the fair value of the property, and their Estimates varied from 30,000 to
$40,000. It
was
&
understood,
however, that if the purchave
would
effected, the Government
the present leave
for
the buildings (and
of them
T
=
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