CO129-282 - Acting Governor Major Gen Black - 1898 [3-4] — Page 63

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ence to the financing of the proposed new Govern - ment buildings.

in

Mr. Smith includes

his estimate of prospec - tive receipts from Land

during the next four of $400,000 -

sales during

years

v a sum

Comitted from Mr. Comsby's esti_ mate) being the value of two thirds of the marine lot now- : abandoned as a site for Go- vernment offices (it being proposed, as stated above,

to

to reserve the

the remaining

third as an

of an

an area

of

62

one.

open space) and

some 64,000–

square feet opposite the Sail- ors Home which is no longer required as a site for the new Public Works' Store, giving

a total estimated revenue ~

from Land Sales during the next four years of $1,700,000. Of that sum he esti mates (after allowing for

for the

probable deficit of loan monies to be made up from

up from current

revenue