CO129-235 - Public Offices - 1887 — Page 501

497

The Government possesses

no legal power to impose

restrictions upon the height of

the buildings on these Lots, and

reclamations, and on account.

Of

of the rapid development of

this part of the Town, the value

land is so high that au

excessive price would have to

be paid to the Lessees to induce

them either to surrender their

Loto to the Government, or to

to restrictions actor

the height of buildings.

agree

mention that quite pecen

du proof of this u

I

may

cently,

lot re

just

when buildings being

lorum luce d

Occ

the owners refined to

Lot 126.

a quee

lo

any restrictions, but offereit

to sell the Lot to the Government

for $140,000, of which $11,500

was for compensation for buildings already Contracted for, and from information I have

received, I believe this to be

little, if at all, above the market

value.

Ju