CO129-164 - Sir Kennedy - 1873 [7-9] — Page 666

12.

13.

663

the whole number._

lots would be $4.00

each,

marking

$5,400 for This

sum

deducted from

The

$ 50,000 which the road is to

cost, leaves a balance of

$42,600.

$42,

The brown Rental for the 21 lots at $80 would be $1,680 per annum, or, in other words, the

$412, 600 would earn nearly 4

per

cent

per

annum.

The above calculations refer only to lots having frontage

d new road,

on the proposed

but it is to be presumed that important a thoroughfare

as

the latter would become, would

speedily develope occupation roads

and behind the front

paths to the sites lying

Now

the sale and lease of the

・of lots;

second row

of lots

would no

increase

doubt very materially

revenue of $1,650 derivable

the

from

the

front

These

row.

remarks

only refer

to that part of the propo

osed

new road lying between Government Gardens and the

Magazine, for I do not

think it There

very probable that

would be

any

for lots beyond the

demand

Magazine

owing to China tenements which make the Wanchai neighbourhood