CO129-255 - Governor Sir Robinson - 1892 [5-7] — Page 264

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equal

263

ment of the Land which reverts to

the Crown on

expiration of 99 years. The annual revenue to be

derived from rates as the property

developes.

The establishment of native

industries ui a

part of the Colony

where ample room exists for further extension.

11.

and lov

With these fact in view

looking

more to the future

than the biomediate benefito to be derived from this scheme I ausomit for the favourable consider_ anon of His Excellency the Governor

building

granted

that a

lease be cra

for the land on the following - conditions viz..

einto the

That the Lessee pays Colonial Treasury within one mouth of the granting of the concession

a sum calculated at the rate of $10 per acre, and an annual

croww

crown rent, in two half yearly

instalments, calculated at the rate

of $20 per acre.

That within three years

from the date

CV

of

the concession.

of not less than $2,000 for

acre

or other

every

granted be spent in the construction of buildings rateable improvements and within a further period of three years the total thus expended shall not be less than at the rate of $5,000 per

acre.

That the Lessee shall

construct sewer, dracin, herb and — channel the whole of the roads and

streck and

carry

out the whole

the works connected therewith. and the reclamation to the satis- faction of the Director of Public

Works.

That the roads, severs and

drain situated therein shall be