CO129-285 - Acting Governor Major Gen Black - 1898 [9-10] — Page 339

14.

15

in the event of the land be ing resumed for any pu-

are

blic purpose.

incorpora- ted into new leases, I anti

cipate no

difficulty in readi by effecting sales on such

terms.

(b) "Reducing the premi- um on sales of Crown Lands " from 50% to 60% according to locality!

Since your instructions.

were received, sales of land

on

lease for 75 years

in the

vicinity

332

vicinity of Kennedy, Macdon-

nell and Bowen Roads, have fetched the usual prices. "This is the only criterion by

which one can

judge of the effect of your proposal. It contradicts the statement of the Chamber of Commerce.

As for the

the future, the

~

fact that the amount of available building land in Victoria is limited indicates

rather that prices will be maintained than that they

will