CO129-257 - Public Offices & Others - 1892 — Page 352

-less

349

long as the War Department used, it is rake, -bas to the Colony. A thing is only with what it will realize on sale;

on sale; and the Colony could realize nothing unless the War Deport

-ment user were to cease.

When the

War Department frees this asset from its user the Colony conces alto poosession of its full valice, because it is then free to sell it at its fee simple value. That is its value to the Colony; and that is the value to record. Should the Colony

called

apou

ever

be

to expend it, it will be in no

before

worse position than it was

of the property

the user

was surrendered. It will be

exactly the same position, which is the position recommended by the Contributions, "Committe, and accepted by the Colonial office, and the Treasury.

3. I eur 6 point out that if the Colonia B is to money be spent on buddings, on sites not Wallich Colouid property, spacial tones would have

ingapon)

to