74
in Consequence
assessed under the local law would
be at least ten times the amount of
the rates; and as the military au-
thorities pay neither rent nor rates
it is asserted on behalf of the Co-
lony that the military occupation
of these particular lands entails
a positive loss to the revenue of
$330,000 or over £20,000 a year.
Those latter figures are not given
by Mr Fleming, but Mr Stanhope will
see that they result from his des-
patch and the enclosures.
the result of
3. These large sums are mainly
due to the development of the Colony
so that lands which originally when first occupied by the military were
of small value have now become, ow-
ing to the growth of commerce and population, of great worth and im-
portance, and Mr Fleming contends
that the Colony is entitled to the
benefit of this increase of value,
and not the Imperial Exchequer,
since the increase is not in any
great degree if at all, due to Impe-
rial expenditure upon the lands.
74
in Consequence
assessed under the local law wouli
low woul 1
be at least ten times the amount of
the rates; and as the militery eu-
thorities pey neither reat nor rates
it is asserted on behalf of the Co-
lony that the militery occupation
of these perticulat lends entails
a positive loss to the revenue of
$330,000 or over £20,000 a year.
Those latter figures are not given
by Mr Ploming, but Mr Stenhope will
see that they result from his les-
patch and the enclosures.
the result of
3. These large sums are mainly
ab to the development of the Colony
and
so that lauds which originally whet: first occupied by the military were
M
of small velue have now become, OW-
ing to the growth of commerce and population, of greet worth and im-
portance, end Mr Fleming contends
that the Colony is entitled to the
benefit of this increase of value,
and not the Imperial Exchequer,
since the increase is not in any
great degree if at all, due to Impe-
rial expenditure upon the lands.
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